Market Street is the pedestrian link between the professional quarter on New Walk and the Highcross Shopping Centre.
Located next door to the Fenwick building redevelopment and near to Mattioli Woods head office, café Nero, Pagnell’s, and McDonalds.
The property comprises a 4-storey building with an expansive shop front. There is ground and first floor retail sales areas, together with storage at second and third floor level as well as a large basement.
Basement 113.4 m² 1220 sq ft
Ground Floor 130.9 m² 1409 sq ft
First Floor 83.3 m² 897 sq ft
Second Floor 87.3 m² 940 sq ft
Third Floor 94.5 m² 1017 sq ft
We have been advised that the landlord may split the property into two units and there is also the potential for residential units above the ground floor.
Rateable Value: £55,500
Rates Payable: £27,695
Based on a UBR of £0.499 p/£.
We understand that the premises have an existing use for A1 and A2 consent however the Landlord will consider alternative uses and interested parties should contact Leicester City Council on 0116 454 1000
The property is available on a new effective full repairing and insuring Lease for a minimum term of 3 years with 3 yearly reviews.
We are advised that the Landlord has not opted to tax and therefore VAT will not be payable.
Each party shall bear their own legal costs incurred in documenting the Lease.
There will be an application fee of £175+VAT.