Retail Property (high street) to rentBelvoir Street, Leicester
£21,000 pa| £1,750 pcm
This is an excellent opportunity to lease prominent restaurant/cafe premises in a busy location in the centre of Leicester. The accommodation includes eating and kitchen areas over two floors together with second floor offices and basement storage. It lies in an established eating and drinking area with a range of bars and restaurants nearby. The premises would be suitable for a range of business types subject to obtaining the necessary consents. The property is available on a new lease for a minimum term of three years.
Situation - The property is situated on the north side of Belvoir Street at its junction with Bowling Green Street in an established secondary retail area in Leicester City Centre. Nearby occupiers include Fenwicks, Fat Cat Bar, Zizzi and Yates's.
Belvoir Street is currently undergoing a £1.3 million revamp to include road widening, improvements to the footpaths and a new cycle lane. Loading bays will be maintained and the works are due to be completed in early 2017.
In the 2011 Census, the population of the Leicester City Council area was approximately 330,000, the highest in the East Midlands, with approximately 510,000 in the wider Leicester urban area. It is, therefore, the tenth largest city in the UK and Englands 11th largest urban area.
Leicester is situated adjacent to the M1 at its intersection with the M69 and, road communications are very good. The Midland Mainline Railway serves the city and the journey time to London St. Pancras is just over an hour. Furthermore, East Midlands Airport is approximately half an hours drive away.
There are two large universities, the University of Leicester and Leicester De Montfort with a combined student population of approximately 30,000
Major employers include the two universities, Pepsico, Next Plc, Santander, Samworth Brothers, Crown Crest Group, Shoe Zone Group and Topps Tiles.
Description - The property comprises a three-storey corner building with basement and is fitted out as a cafe at ground and first floor with basement storage and second floor offices. The kitchen is situated on the ground floor and there is also a disabled WC. The property is in a prominent position with a return frontage to Bowling Green Street.
Accommodation - The property has the following net internal floor areas which have been measured in accordance with the RICS Code of Measuring Practice.
Serving area and Kitchen 57.7 sq.m. (621 sq. ft.)
Store 5.0 sq. m. (54 sq. ft.)
Eating area 38.8 sq. m. (418 sq. ft.)
Offices/kitchen 56.2 sq. m. (605 sq. ft.)
Stores 49.7 sq. m. (535 sq. ft.)
Services - The property is connected to main electricity, gas, water and drainage services.
The services and utilities have not been tested and no guarantees can be given in respect of their condition or reliability.
Planning - The property has the benefit of Planning Permission for A3 Restaurant and Cafe use. Other uses may be permitted subject to obtaining appropriate approval.
Interested parties are advised to make their own enquiries in respect of Planning matters at Leicester City Council.
Business Rates - The property is described in the 2010 Rating List as Wine Bar and Premises with a Rateable Value of £12,750.
Lease - The premises will be let under a new lease on full repairing and insuring terms for a minimum period of three years. Rent reviews will be at three-yearly intervals.
Rent - £21,000 per annum.
Energy Performance Certificate - An EPC has been prepared with a performance rating of 90. (Band D)
Costs - The ingoing tenant will be responsible for the Landlord's reasonable legal costs incurred in respect of this transaction.
Value Added Tax - VAT is not payable on the rent.
Possession - Vacant possession will be given on completion of legal formailities.
Viewings - Strictly by arrangement with Andrew Granger & Co on 0116 2429933. Contact Kevin Skipworth at email address firstname.lastname@example.org
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