16 King Street, Leicester, LE1 6RJ
- SIZE AVAILABLE
2,553 sq ft
237 sq m
- SECTOR
Restaurant for sale
Key features
- Income producing £30,000 per annum
- New 5 year lease as of Nov 23'
- Finance available / good pension investment
- Freehold sale £500,000
Description
Ground Floor - 2 rooms totalling approximately 117 m2 plus Internal storage and WC facilities
First Floor - ladies and gents w/c's, fully operational kitchen and managers office (Approximately 7.5 m2 and 23.5 m2) plus WC facilities and Storage. Sharing part of the first floor are 3 flats with separate entrances that have been sold on a long terms leases and pay a quarterly service charge amounting to £537 but has not been altered since 2015.
Basement - Approximately 58 m2 storage.
Strictly by prior appointment via the sole agents P & F Commercial Tel: or via email
This City centre restaurant is on a pedestrianised street in Central Leicester, at the bottom of New Walk.
Created in 1785, New Walk is lined with Regency, Victorian and contemporary commercial and residential buildings which are fronted with trees and supported by three grassed areas, a museum and art gallery, and two churches. The property is located near to the City centre side of New Walk, Towards the recently developed former Council offices. New Walk runs from the City Centre (Belvoir Street) to the Southeast to De Montfort Square. Running parallel with the Main A6 London Road and approximately 10 minutes from Leicester Railway Station at any point along the Walk.
Offered for sale as a freehold investment.
16 King Street, Leicester will be offered with tenanted possession, a new 5 year FRI lease is in place as of Nov 2022 with a passing rent of £30,000 per annum.
Guide price £500,000
We are advised that all main services are connected to the property. These services have not been inspected or tested by the agent
Brochures
16 King Street, Leicester, LE1 6RJ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Leicester Station0.3 miles
- South Wigston Station3.4 miles
- Syston Station4.8 miles
P&F Commercial are the only dedicated sole Commercial Estate Agency in Rutland with unrivaled regional knowledge and forty years’ combined experience. P&F Commercial can offer the kind of assurance and exceptional personal attention clients know they can depend on when making important commercial property decisions.
Notes
Disclaimer - Property reference 158711-1. 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 P&F, Commercial. 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.
Map data ©OpenStreetMap contributors.