Granby Street, Leicester

LOCATION
Located on Granby Street, Leicester. The property is ideally located on one of Leicester's busiest high streets.

DESCRIPTION
Opportunity to Purchase this Leasehold Restaurant Business on Granby Street currently trading as an Indian restaurant.

The property internally has been fitted out to a high specification and is a turnkey opportunity. There are covers for up to 100 and benefits from outdoor seating on a busy high street. The property is equipped with a bar, a fully fitted kitchen, WC facilities including disabled access, office/store room and a large basement. The basement has been fitted with a cold room with washing facilities, staff toilet and storing facilities.

This opportunity is ideal for a new occupier to rebrand and can offer a variety of cuisines due to the excellent location of this business. The property is located next to a number of local and national brands.

The business occupies the ground floor and basement sections only.

A full list of fixtures and fittings are available upon request.

We have been instructed to seek offers in the region of £135,000 for this leasehold opportunity. The passing rent will be £36,000 pa plus VAT.

ACCOMMODATION
Ground floor:
c. Internal area - 181 sq. m/ 1,949 sq. ft

Basement: 63 sq. m / 677 sq. ft

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

TERMS
The property will be let out on new lease terms with a passing rent of £36,000 pa. New lease terms are to be agreed subject to contract and documentation will be required from the incoming tenant to satisfy the landlord and their agents.

We are instructed to seek offers for this leasehold business opportunity in the region of £135,000. The price will include all fixtures and fittings.

A buyer will be asked to provide proof of finance in the early stages and will be subject to anti money laundering regulations.

OUTGOINGS
The current rateable value from 1st April 2024 - Present: £28,000 Source VOA
This does not include and reliefs.

VAT
VAT is payable at the prevailing rate.

LEGAL COSTS
The incoming party will be liable for the landlords reasonable cost in relation to the grant of a lease.

SERVICE CHARGE
The tenant will be liable to pay towards the landlords building insurance cover.

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 highly recommended and through sole agent Reign. Viewings via appointment only.