Opis:

The property is located opposite Leicester Magistrates Court and near to the New Walk Centre development.

Description

A large 4 storey building of which the basement and ground floor, totalling approximately 1,248 sqft (115.9 sqm) are to be sold on a long leasehold of 999 years. The unit benefits from a dumbwaiter lift and gas central heating.

Accommodation

Basement:
Storage and food preparation area.
GIA: 546 sq ft (50.7 sqm)

Ground Floor:
Restaurant area, kitchen, w.c's.
GIA: 702 sq ft (65.2 sqm)

Total GIA: 1,248 sq ft (115.9 sqm)

Outside:
Small communal yard.

Note

* The lease to Cambridge Alliance Limited contains a personal guarantee.
* We understand the subject property is the Companys second restaurant with their first restaurant being in Cambridge and has been trading for approximately 4 years.

Tenure

* Long leasehold, 999 years from 25.03.14.
* We have been advised that the freehold is available for £1, subject to a long lease of 999 years of the upper floors.
* The basement and ground floor is let for a term of 15 years from 01.09.14 at a rent of £16,000 pax on a FRI basis with 5 yearly rent reviews.

Energy Performance Certificate

Rating 82, Band D.