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Commercial Property to rent

Charles Street, Leicester

£16,000 pa
721 sq. ft.

Property Description

Commercial information

  • 721 sq ft (66 sq m)

Key features

  • City centre based established newsagent/confectionary shop
  • Assignment of existing Lease with approximately 6 years to run
  • Current rent 16,000 per annum
  • To be offered as a trading entity
  • Full accounts available to approved interested parties
  • Located opposite Primark and adjacent to bus stop
  • Potential to expand use
  • Excellent footfall towards the current redeveloped St Margarets Bus Station
  • Approximate internal floor area 67sqm (721sqft)

Full description

The premises comprise a lock-up shop unit with good retail sales area, together with rear stockroom and wc. There is access to a shared rear passageway that leads to a loading area with single allocated car parking space.

Location - The premises are prominently positioned on Charles Street, opposite Primark/Haymarket Centre and immediately adjacent to a busy bus stop.

The dimensions are approximate and the accommodation in more detail comprises:-

Lock-Up Shop Unit - Retail sales area.

Rear Stock Room -

Wc -

Access to a shared rear passageway that leads to a loading area with single allocated car parking space.

Current Lease Details - The premises are held subject to a 10 year Lease from 25/12/2010 with a rent review due 25/12/2015 at a current rent of £16,000 per annum exclusive. A service charge is payable in addition to the rent. This reversionary Lease runs alongside the original Lease dated 18/10/1991, being a 20 year Lease from 25/12/1990. The Lease provides that the tenant is responsible or internal/external repairs and redecoration to the demised premises.

Business Information - The premises are offered as a trading concern, namely an established city centre newsagent/confectionary shop that offers potential to expand the use to include off licence, subject to obtaining the necessary consent. Full trading accounts can be made available to approved interested parties. A premium of £140,000 is required for the benefit of the business.

Rating Information - Leicester City Council have assessed the premises for Business Rates: rateable value 2014-2015 £12,500.

Legal Costs - The incoming assignee is to be responsible for the present tenants' reasonable legal costs and for any Landlord's costs in agreeing to their proposed takeover.

CONSUMER PROTECTION LEGISLATION - These lettings details have been written to conform to the Consumer Protection Legislation. Whilst we endeavour to make our Details accurate and reliable, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the information for you. Do so, particularly if contemplating travelling some distance to view the property.
MEASUREMENTS - All measurements are given in good faith and whilst believed to be accurate these should be checked by the purchaser for verification. The measurements are carried out in accordance with the RICS and ISVA code of measuring practice.

Readings undertake various types of valuation work. These include RICS Homebuyer Report, Valuations for probate, inheritance and capital gains tax purposes and matrimonial disputes. We also offer a full range of professional and arbitration services and regularly act on various expert witness cases Please contact our Survey Department on 0116 2227575 or email us at for further information.

The property is being let with Vacant Possession upon completion.
FIXTURES AND FITTINGS - All the items mentioned in these sales details are to be included within the letting.
SERVICES - None of the services, fitting or appliances (if any) heating installations, plumbing or electrical systems have been tested by the selling agents, neither have the telephone or television points.
LOCAL AUTHORITY - Leicester City Council, City Hall, 115 Charles Street, Leicester (Tel: 0116 454 1000)


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Property reference 25553780. The information displayed about this property comprises a property advertisement. 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 Readings Property Group, Leicester - Lettings.

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