Market Street, Leicester, Leicestershire, LE1

LOCATION
Market Street is a pedestrianised road in the centre of Leicester providing the link between the professional quarter on New Walk and the principal shopping areas of St Martins and Highcross Shopping Centre.

We have been advised that the landlord is willing to reduce the rent to accommodate business setting up costs.

Neighbouring occupiers include Pragnells Jewellers, Café Nero, and McDonalds with Mattioli Woods HQ nearby.

DESCRIPTION

An Attractive brick-built property with slate roof and stone mullioned windows comprising a large 4-storey building with a double frontage suitable for a variety of uses including a restaurant (STPP).

The ground floor sales area has an attractive glass atrium to the rear providing a light and airy ambience and an attractive and prominent sales stairs take you to the first floor, in addition there is plentiful storage on second and third floor level as well as a large basement.

We have been advised that the landlord may split the property into two units and is willing to reduce the rent to accommodate business setting up costs.

USER
We understand that the premises have an existing use for class E.

SERVICES

We are advised that there is mains drainage, and a single-phase electricity supply is provided to the premises but have not been tested by the agent.

TERMS

The premises are available on a new lease for a minimum term of 36 months and on terms to be agreed.

LEGALCOSTS

Each party will bear their own legal costs incurred in documenting the Lease.

VAT

The premises are not opted for VAT.

RATING ASSESSMENT

Rateable Value (2023): £38,750
Small Business UBR: £0.499
Est Rates Payable: £19,336.25

Rating information is provided only and interested parties should make their own enquiries with Leicester City Council.


UNREPRESENTED PARTIES
Lease negotiations are subject to the RICS Code for leasing business Premises (1st Edition, February 2020).

Unrepresented parties are recommended to obtain professional advice