10 Friar Lane, Leicester, Leicestershire LE1 5RA
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Commercial Property
- Prime City Centre Location
- 396 sqm / 4262 Sqft
- Ground Floor and Basement Accommodation
- Virtual Freehold
- Vacant Possession
- Former Restaurant / Bar
Description
For sale by Auction on 30 April 2026.
Offered in partnership with Aarti Auctions
A superb opportunity to purchase a ground and lower ground floor commercial unit in a prime city centre location.
The property was previously used as a bar/restaurant. Positioned with a corner elevation in a busy location within the centre surrounded by other retail, bars, restaurants and city centre apartments.
The property has a main bar/restaurant to the ground floor along with a basement floor offering offices, store room, toilets and kitchen.
Offering a total area of 396 sqm/4262 sq ft.
Offered for sale with vacant possession and 992 year lease/virtual freehold.
EPC rating of B.
A rare opportunity in a superb location. Viewing highly advised.
Tenure: Leasehold
EPC Rating: B
Terms:
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT)
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
10 Friar Lane, Leicester, Leicestershire LE1 5RA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Leicester Station0.5 miles
- South Wigston Station3.5 miles
- Syston Station4.7 miles
About BTG Eddisons Property Auctions, Nationwide
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Notes
Disclaimer - Property reference 202603130956sq_qaje. 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 BTG Eddisons Property Auctions, Nationwide. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call BTG Eddisons Property Auctions, Nationwide on 03456 462288.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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