Leisure Facility for saleCavendish Road, Leicester
This is an excellent opportunity to lease attractive licenced premises in a popular residential area. The property currently trades as a Lithuanian-themed business with takings approaching £3,000 per week. The current lease runs until 2018 at a rent of £12,000 per annum. There is seating for around 45 people, an attractive beer garden and a large cellar. The sale will include all fixtures and fittings, goodwill and stock.
Situation - The property is situated on Cavendish Road which is a popular street running between Aylestone Road (A426) and Saffron Way (B5366). The area is characterised by high density housing providing an excellent customer base.
Description - The property comprises a ground floor public house with a beer garden to the rear and a beer cellar.
The premises currently trade as The Hunters Inn (Medziotoju Uzeiga in Lithuanian). There is seating for approximately 45 people and the accommodation includes the main public area, kitchen, wash-up area, beer cellar and staff and customer WC's.
Accommodation - The property has the following net internal floor areas which have been measured in accordance with the RICS Code of Measuring Practice.
Main area 102.0 sq. m. (1,098 sq. ft.)
Kitchen 7.9 sq. m. (85 sq. ft.)
Wash-up/store 8.5 sq. m. (92 sq. ft.)
Beer cellar 96.3 sq. m. (1,037 sq. ft.)
Services - The property is connected to main electricity, water and drainage services and the accommodation benefits from electric heating. There is no gas supply.
Please note that we have not tested any of the services/installations and we are therefore unable to give any guarantee of their reliability and working order.
The Business - The Lithuanian-themed business has an established wet and dry trade and was established in 2015. Trading figures show a weekly turnover of up to £3,000 with scope for further improvement. There are genuine reasons for the disposal which are mainly due to the proprietor having business commitments elsewhere.
Planning - The property has the benefit of Planning Permission for A4 Drinking Establishment use.
Business Rates - The property is described in the 2010 Rating List as Public House and Premises with a Rateable Value of £4,100. Within the Draft 2017 Rating List, which comes into effect from 1st April, 2017, the assessment increases to £7,050. However, under current regulations, there are no Business Rates payable.
Lease - The property is held under a Law Society Lease on internal repairing terms expiring on 3rd April 2018 at a current rent of £12,000 per annum.
Rent - £12,000 per annum.
Price - £20,000 for the goodwill, fixtures and fittings and stock.
Energy Performance Certificate - Rating F (130)
Costs - Each party are to be responsible for their own costs incurred in respect of the transaction.
Value Added Tax - VAT is not payable in respect of this transaction.
Possession - Vacant possession will be granted on completion of legal formalities.
Viewings - Viewings must be arranged through Andrew Granger & Co. Please contact Kevin Skipworth on 0116 2429938 or email email@example.com
Map & Street View
Street View is unavailable in this location
Disclaimer - Property reference 26614575. 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 Andrew Granger & Co, 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.
* This is the maximum possible speed. Broadband speed may be lower at peak times and can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. The information is provided and maintained by comparethemarket.com
Map data ©OpenStreetMap contributors.