Leisure Facility for sale
£450,000
13,965 sq ft
Long Street, Wigston, LE18
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Nearest stations:
South Wigston
(1.1 miles)
Leicester
(3.4 miles)
Narborough
(4.1 miles)
Commercial information:
- Business for sale
- 13,965 sq ft (1,297 sq m)
Full description:
Tenure: Freehold
COMMERCIAL INVESTMENT14 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
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