Gower Street, Leicester

LOCATION
The business is located on Gower Street, Leicester, LE1. Ideally located In Leicester city centre and close to a number of businesses and residential properties.

DESCRIPTION
Outstanding opportunity to acquire a beautifully refurbished restaurant located on the ground floor of a busy and highly desirable area. Previously operating as a Portuguese restaurant, this space has been fully transformed into an elegant Italian dining establishment, boasting an exceptional internal fit-out with a clean and contemporary design.

There is a spacious dining area that comfortably accommodates 65-70 covers. The modern and fresh décor includes stunning tiled flooring throughout, offering durability and an inviting aesthetic. The restaurant´s ambience is further enhanced by excellent lighting, creating a warm and welcoming atmosphere for diners, both during the day and in the evening.

The attention to detail in this fit-out is truly impressive. The restaurant is equipped with a high-quality sound system, ensuring that guests enjoy a relaxing dining experience with soft background music. Additionally, a 65-inch TV has been installed, perfect for displaying menus, promotions, or screening special events. A comprehensive CCTV system is also in place, offering peace of mind with enhanced security. The dining area features brand-new tables and chairs, thoughtfully selected to blend comfort with style, adding to the overall appeal of the space.

The restaurant also includes a fully equipped bar area, ideal for serving a range of beverages, and offers clean, modern WC facilities for customer convenience. In the kitchen, chefs will appreciate the well-equipped setup, including new appliances and a newly installed canopy extractor, designed for efficient operations.

The business has an excellent reputation, reflected in glowing Google reviews. It has also built a strong social media presence with active Instagram and Facebook pages, helping to engage with the local community and draw in new customers. Additionally, the restaurant proudly holds an excellent hygiene rating of 5, awarded in October 2023, ensuring the highest standards of cleanliness and food safety.

This restaurant is a turnkey operation, ready for an ambitious buyer to continue its success. It can either be purchased with the current Italian brand and run as is, or rebranded and adapted to suit your own vision and cuisine.

Key Financials:
Guide Price: £130,000, which includes all fixtures and fittings. A detailed list of equipment is available upon request.
Proof of funding required in the early stages of the process.
New lease terms to be agreed, subject to contract.

This is a rare opportunity to acquire a fully operational, high-quality restaurant with an exceptional fit-out and outstanding reputation.

ACCOMMODATION
Ground floor Restaurant:

Main seating area:
1,119 sq. ft

Kitchen:
269 sq. ft

Entrance:
247 sq. ft

Storage:
96 sq. ft

Gross Internal area c. 1,731. sq. ft

SERVICES
All mains services are connected but have not been tested by the agents.

TERMS
We are instructed to seek offers for this leasehold business opportunity in the region of £150,000. The price will include all fixtures and fittings.

New lease terms are to be agreed subject to contract and documentation will be required from the incoming tenant to satisfy the landlord and their agents.

A buyer will be asked to provide proof of finance in the early stages and will be subject to anti money laundering regulations.

OUTGOINGS
The current rateable value from 1st April 2023 - Present: £12,500 Source VOA
This does not include and reliefs.

VAT
VAT is not applicable on the sale price.

LEGAL COSTS
The incoming buyer will be liable for the landlords reasonable legal costs.

PARKING NOTES
Pay and display parking is available directly outside the premises.

OTHER
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 Reign real estate or its employees or agents. All illustrations are for marketing purposes only and all interested parties are to make their own enquiries into the boundaries and title plans.
Neither Reign real estate 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.
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.

VIEWING
Viewing is highly recommended and through sole agent Reign. Viewings via appointment only.