Market Street, Leicester City Centre

Location

This property is situated within a busy parade of shops on Market Street, which is off Millstone Lane and Horsefair Street in Leicester City Centre. The property is in close proximity to Leicester Railway Station, Highcross Shopping Centre, both of Leicester's Universities and much more and benefits from excellent passing trade and high footfall.

Description

An independent and reputable business for sale which was established in 1988, specialising in greeting cards, gifts, balloons and party decorations and has been serving Leicester and the surrounding areas with a bespoke service. This well-loved business has built an excellent reputation and benefits from a loyal customer base and excellent passing trade. Moments occupies a prominent position on Market Street and comprises of a ground floor retail area with a kitchen and shower room to the rear, and a basement with ample storage which can be used as an additional retail area.

Accommodation

All measurements are approximate:

Ground Floor:
Sales area: 729 sqft (67.7 sqm)
Store, kitchen, shower room: 181 sqft (16.8 sqm)
Ground floor GIA: 910 sqft (84.54 sqm)

Basement: 451 sqft (41.9 sqm)

Total GIA: 1,361 sqft (127 sqm)

Terms

To be let on a 5 year FRI lease at a rental of £19,500 per annum exclusive, with 3 yearly rent reviews.

Sale Price

£49,500 premium for goodwill, including fixture and fittings.

Rating Assessment

Description: Shop & premises
Current Rateable Value: £17,250
Local Authority: Leicester City Council
Rates Payable: £8,607.75
Period: 1 April 2023 to present

Services

The services, fittings and appliances (if any) have not been tested by the agents.

Viewings

Kal Sangra, Shonki Brothers Ltd
85 Granby Street, Leicester, LE1 6FB
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