Retail premises for sale in Watergate Lane, Braunstone, Leicester LE3
£25,000 (£39.37/sq. ft)
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Braunstone is a civil parish within the district of Blaby. In 2007 the population was around 15,000. There are around 7,500 households including Thorpe Astley. At the 2011 census the population of the civil parish had increased to 16,850. Well positioned close to the M1 and M69 motorways and the popular fosse park shopping area.
The lease demise includes the whole of a 3 storey end of terrace property with the takeaway on the ground floor.
To the first and second floors is the residential flat with its own access from the rear.
The property benefits from rear access and bin storage area and a single garage.
Ground floor shop with counter into:-
Kitchen with fully fitted extraction and a range of catering equipment.
An office and multiple store rooms plus W/C are located to the rear of the property.
The first floor offers a lounge and kitchen with the second floor having 2 bedrooms and a bathroom.
We are advised that all mains services are connected to the property. These services have not been inspected or tested by the agent.
Offers in the region of £25,000 for the fixtures and fittings and the benefit of the preferential rent levels for the balance of the lease. The property itself is held on a 15-year lease from 25th December 2011 and expires on the 24th December 2026 at a rent of £8,500 per annum which includes the ground floor takeaway and the two-bedroom self-contained flat above which can generate rental income.
The business is being offered by way of lease assignment and there are no accounts available for the business
According to the valuation office agency website, the current rateable value is £4,450 per annum and therefore, subject to status, the new owners/operators should benefit from full business rate relief.
We are advised that VAT will be chargeable on the Rent and on any Service charges and Landlords Insurance contributions required.
Both Parties will be responsible for their own legal costs.
On street parking is available on an unlimited basis to the front to the parade of shops.
To the rear, owners parking is available for 2 cars.
The current planning allows for A5 hot food takeaway.
Finance may be available through Independent Financial Brokers and Moores Commercial would be pleased to make an introduction for you. The Brokers are completely Independent of Moores Commercial and will offer confidential, unbiased advice regulated by the Financial Authorities. Please ask for further details.
Viewing is strictly by prior appointment via the sole agents Moores Commercial Tel: Or via email
* Sizes listed are approximate. Please contact the agent to confirm actual size.
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Moores Commercial, and do not constitute property particulars. Please contact Moores Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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