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Leisure Facility for sale

£450,000

13,965 sq ft

Long Street, Wigston, LE18

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Nearest stations:

National Train Station logo South Wigston (1.1 miles)
National Train Station logo Leicester (3.4 miles)
National Train Station logo Narborough (4.1 miles)

Commercial information:

  • Business for sale
  • 13,965 sq ft (1,297 sq m)

Full description:

Tenure: Freehold

COMMERCIAL INVESTMENT
14 Long Street, Wigston, Leicester LE18 2BP & 2 Central Avenue, Wigston, Leicester LE18 2AA

Location:
The property is located on the corner of Long Street and Central Avenue in Wigston.

Description:
A substantial two storey corner building split to provide two self-contained units with access front Long Street to the
gymnasium and access from Central Avenue to the snooker club.

Accommodation & Tenancies:

2 CENTRAL AVENUE
Use: Snooker Club

Accommodation:
Ground Floor: Bar, 3 games rooms, kitchen, gents w.c.
3,911 sqft (363 sqm) approx..
First Floor: Snooker/Games hall
5,310 sqft (493 sqm)

Lease: Terms have been agreed for a new FRI lease for 10 years with 5 year rent review

Rent: £25,000 pax.
Notes:
1.The Snooker Club has been trading for 26 years
2.A new heating system was installed in November 2011.
3.The electrical system is currently being upgraded to comply with the 5 yearly periodic electrical inspection

14 LONG STREET

Use: Gymnasium

Accommodation:
Basement: Gymnasium, treatment rooms, crèche
1,736 sqft (207 sqm)
Ground Floor: Gymnasium, changing room
3,008 sqft (279 sqm)

Lease: 10 year FRI lease from 24.01.03 with 5 year rent review

Rent: £12,000 pax.

Notes:
1.A new lease has been proposed at £12,000 pax. for a 10 year term with 5 year rent review and break clause

Total GIA: 13,965 (1,342 sqm)

Outside: Courtyard

Current Rental Income: £37,000 pax.

VAT is not payable on the purchase price.

Tenure:
We understand that the property is a freehold investment subject to existing leases.

Guide Price: £450,000

DID YOU KNOW…………

Not all Auction properties are re-possessions
That you can arrange for a survey prior to Auction
You can view the legal documentation prior to the Auction
You do not need to attend the Auction to bid (we can bid on your behalf, subject to prior arrangement)
You can arrange a viewing on Auction properties
You can make an offer before the Auction

Please contact the office for further information & Auction Catalogue.

WE ARE NOW TAKING ENTRIES FOR OUR NEXT AUCTION

IF YOU HAVE A SIMILAR PROPERTY AND WOULD LIKE A FREE, NO OBLIGATION AUCTIO

Map

Note: The pin shows the centre of the property's postcode, and does not pinpoint the exact address

Nearest stations:

National Train Station logo South Wigston (1.1 miles)
National Train Station logo Leicester (3.4 miles)
National Train Station logo Narborough (4.1 miles)

Street View

You're in the centre of the property's postcode. Start exploring the local area from here.

To view this property or request more details, contact Shonki Brothers Ltd, 55 London Road, Leicester
55 London Road, Leicester, LE2 0PE
0843 314 8670  BT 4p/min

Disclaimer

Property reference Auc14lonst. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Shonki Brothers Ltd, 55 London Road, Leicester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 and The Home Information Pack Regulations 2007.

or call 0843 314 8670

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