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House for sale

Thornborough Road, Coalville, Leicestershire, LE67

£70,000

Property Description

Key features

  • Former Public House - Sale of Business - Italian Pizzeria Restaurant
  • A3 Restaurant Use - 2 Storey's of 1,926 Sqft approx (178.93 sqm)
  • Newly Renovated & Redecorated
  • Planning Permission for S/S Side Extension to Restaurant
  • Rear Yard/Lawn Area & Parking for approx 15 Cars
  • OFFERS IN THE REGION OF: £70,000

Full description



We are pleased to offer this attractive 2 storey Italian pizzeria restaurant of approximately 1,926 sqft (178.93 sqm) with rear yard and substantial parking facilities located on Thornborough Road in New Swannington, a largely residential area of Leicestershire. The property benefits from good bus routes into the City Centre and briefly comprises restaurant and kitchen on the ground floor, with 3 bedroom residential accommodation above and benefits from uPVC double glazing and gas central heating. The property was recently renovated and redecorated and benefits from planning permission for a single storey side extension of approximately 452.08 sqft (42 sqm) to the Restaurant providing additional lounge/seating area.

Directions

The property is located off the A511 Stephenson Way in New Swannnington, Coalville, a largely residential location along a parade of residential properties and benefits from passing and local trade. The property is located approximately 13.5 miles north west of Leicester City Centre and is most easily accessed by leaving Leicester and following the A50 and A511. The property can also be easily accessed off the M1 if required.

Accommodation

All measurements are approximate:

Ground Floor Restaurant: - approx 60 covers

Entrance Porch: 50.59 sqft (4.69 sqm)

Lounge 1: 231.57 sqft (21.51 sqm)

Lounge 2: 247.19 sqft (22.96 sqm)

Lounge 3: 260.54 sqft (24.20 sqm)

Lounge 4 (Rear): 172.13 sqft (15.99 sqm)

Kitchen: 144.56 sqft (13.43 sqm)

Bar Area, Lobby, W.C's (Including Disabled W.C.)

First Floor Residential:

Bedroom 1: 176.75 sqft (16.42 sqm)

Bedroom 2: 142.30 sqft (13.22 sqm)

Bedroom 3: 134.91 sqft (12.53 sqm)

Lounge: 231.57 sqft (21.51 sqm)

Kitchen: 58.76 sqft (5.46 sqm)

Bathroom: 75.08 sqft (6.98 sqm)

Total GIA: 1,926 sqft (178.93 sqm)

Outside:

There is a large rear yard and car parking for approximately 15 cars and a large beer garden with children's play area.

Planning:

Planning permission has been granted for the erection of a single storey side extension of approximately 452 sqft (42 sqm) to the existing restaurant providing additional lounge and seating area.

Planning Permission No. 15/00853/FUL is available for inspection.

All enquiries regarding planning should be made directly to North West Leicestershire District Council planning department on: (01530) 454 665.

Services:

Mains services are connected to the property. The services, fittings and appliances have not been tested by the selling agents.

Rating Assessment:

Charging Authority: North West Leicestershire District Council
Description: Restaurant & Premises
Rateable Value: £10,250.00
Rates Payable: £5,053.25 approx.
Period: 2016/2017

Please make your own enquiries in respect of any rating liability.

Price:

We are seeking offers in the region of £70,000 for the premium of the lease, fixtures and fittings, and goodwill. Fixtures and fittings list available on request.

Lease:

The lease is a 15 year lease from 25th November 2014 at a rental of £20,000 pa + VAT on a full repairing and insuring basis with 5 yearly rent reviews. We have been advised by the leaseholder that they have sublet the upper rooms with the landlord's prior written consent at a rent of £300 per week (£15,600 pa).

Legal Costs:

The ingoing tenant will be responsible for paying the sellers reasonable legal costs.

Energy Performance Certificate

Rating 88, Band D.

Viewing

By appointment through the sole selling agent.

Disclaimer

Important Information:

All statements contained in these particulars are provided in good faith and are believed to be correct but their accuracy is not guaranteed. These particulars do not constitute any part of any offer or contract. None of the statements contained herein are, or are intended to be statements or representations of fact or opinion by either the vendor or Shonki Brothers Ltd or its employees or agents.

Neither Shonki Brothers Ltd nor its employees or agents are authorised to make or give any representation, guarantees or warranties whatsoever in relation to the above premises. Interested parties must satisfy themselves by inspection or survey on any matter or statement contained in these particulars.

The premises detailed in these particulars are offered subject to them not having been let, sold or withdrawn and Shonki Brothers Ltd will accept no liability for consequential loss arising from these particulars or any negotiations in relation thereto.

Health & Safety:

You are asked to exercise all care and diligence during your inspection of the property and the Agents are unable to warrant that the property is free of hazards or complies with Health and Safety legislation. The Agents accept no liability for injury or loss to persons or property when visiting.

Listing History

Added on Rightmove:
25 October 2016

Map & Street View

Disclaimer - Property reference LE673TN7. 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 or the Home Report if in relation to a residential property in Scotland.

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