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Terracotta Restaurant, 25 Highcross Street, Leicester, LE1 4PF

POA
Christie & Co, Pubs & Restaurants
SIZE

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SECTOR

Restaurant for sale

Key features

  • Well Presented City Centre Restaurant
  • Sought After Highcross Location
  • New Lease Immediately Available
  • Car Park to the Rear
  • In Excess of 160 Internal Covers
  • Energy Rating B
  • Christie & Co Ref: 5760509

Description

Location

Terracotta is located in the highly popular Highcross food and drink area of Leicester. Other local amenities include; Showcase cinema, numerous pubs, bars and cocktail bars, museum’s art galleries, King Richard III visitor centre and Leicester University.

Internal Details

• Turnkey offering
• Circa 160 to 200 Total restaurant covers
• 2 private dining rooms
• Hot plate areas
• Well-equipped commercial kitchen
• Generous storage

Fixtures & Fittings

These are to be included within the sale.

External Details

• Fantastic corner frontage
• Highly sort after LE1 Highcross location
• 4 secure car park spaces

The Opportunity

Terracotta provides an excellent opportunity for a discerning operator to take advantage of this turnkey offering. Incredibly well positioned near the Highcross Shopping centre, it offers immediate availability due to the fixture and fittings included and its current condition. It has a fantastic commercial kitchen which is incredibly well equipped. Offering 160 to 200 covers, this is an excellent sized restaurant for an operator to achieve a high level of turnover in this popular area for Leicester’s dining customer base. Internal viewing is highly recommended.

Trading Information

The restaurant has been closed for some time and there are therefore no accounts available.

Tenure

We are offering a New Lease with Nil Premium. The passing rent for the first 3 years would be £60,000 pa for 3 to 6 years equal £70,000 and from year 6, £80,000.

Business Rates

Rateable value £28,500 from 1st April 2023.

Regulatory

We understand the premises is fully licenced and free of tie.

Energy Performance Certificates

EPC 1

Brochures

Terracotta Restaurant, 25 Highcross Street, Leicester, LE1 4PF

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Leicester Station0.7 miles
  • South Wigston Station3.7 miles
  • Syston Station4.7 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 5760509-lh. 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 Christie & Co, Pubs & Restaurants. 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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