Catherine Street, Leicester

LOCATION
Located on Catherine street, Leicester.

DESCRIPTION
Turnkey leasehold business for sale.

The property is currently trading as a dine in Indian restaurant with 80 covers internally plus outdoor seating. The business sale will include all fixtures and fittings. The brand of the business is not included in the sale. There is a fitted cold room within the premises and a rear storage area. There is parking directly outside the restaurant and 2 spaces to the rear. There are 2 toilets within the property.
The property comprises of a ground floor restaurant with a fully fitted kitchen to the rear. Also benefits of a premises licence to one section of the property with a fully fitted bar.

ACCOMMODATION
268 ground floor:

60 sq. m / 645 sq. ft

270 ground floor:

Seating area: 51 sq. m / 548 sq. ft
Storage: 12.7 sq. m / 136 sq. ft
Kitchen: 15.6 sq. m / 167 sq. ft

Total internal area: 1496. sq. ft

SERVICES
Services are connected but have not been tested by the agents.

TERMS
New lease terms are to be agreed for the grant of a new lease with a asking rent of £39,000 pa for both properties.

We are instructed to seek offers in the region of £75,000 for the leasehold interest.

All terms are subject to contract and interested parties will be asked for affordability in the early stages of the process.

Admin fees and legal cost apply for the incoming tenant.

OUTGOINGS
The rateable value has been split across the two properties:

268 - VOA - 1 April 2023 - present - £10,250
270 - VOA - 1 April 2023 - present - £8,900

Small business rates relief may apply, all interested parties are advised to make their own enquiries directly with the local council/VOA.

VAT
NO VAT

LEGAL COSTS
Legal costs and admin fees are payable by the incoming tenant.

SERVICE CHARGE
A contribution towards the building insurance will be payable per annum in advance.

PLANNING
Restaurant & cafeteria - Under planning class use E

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 strictly via sole agents - Reign and prior appointment only.