Property for sale in Friar Lane, City Centre LE1

Offers over £450,000
Interested in this property? Call +44 116 448 9096 * or Request Details

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Property for sale

Tenure:
Leasehold
Time remaining on lease:
992 years
Service charge:
Not available
Ground rent:
Not available
Council tax band:
Not available

Property features

  • Prime corner-facing commercial property on Friar Lane in Leicester's city centre
  • Previously operated as a successful restaurant, reflecting the area's vibrant business scene
  • Strategic location with high visibility and foot traffic, ideal for bars and restaurants
  • Versatile layout includes an open-plan space, offices, W/Cs, store room, and kitchen area
  • Long-term stability with 992 years remaining on the lease; transparent service charges available on request
  • VAT applicability elected; final prices subject to VAT, presenting an exceptional business opportunity

Property description

Detailed Description

Welcome to an exceptional opportunity in the heart of Leicester's city centre - a prime commercial property for sale on Friar Lane, offering a leasehold interest that is set to redefine your business ambitions. This corner-facing commercial premises, previously a thriving restaurant business, is strategically located to capitalise on the dynamic energy of the city's bustling core.

Positioned in an area renowned for its vibrant commercial activity, particularly in the realm of bars and restaurants, this property stands as a testament to the pulse of Leicester's business district. Friar Lane, with its strategic corner positioning, ensures high visibility and foot traffic, making it an ideal setting for businesses seeking a dynamic and accessible locale.

The property itself presents a versatile layout, featuring an inviting entrance area leading into an expansive open-plan space - a blank canvas awaiting your unique vision. With two sets of stairs leading to the floor below, the lower level boasts a well-designed arrangement of offices, W/C facilities, a convenient store room, and a functional kitchen area. This thoughtful layout caters to a variety of business needs, providing both open spaces for customer engagement and private areas for administrative functions.

With an impressive 992 years remaining on the lease, this property offers long-term stability for your business. Service charges, essential for the upkeep of communal areas and shared amenities, are available on request, ensuring transparency in your investment. It's noteworthy that the property has been elected for VAT applicability, and any final prices will be subject to VAT.

In summary, this prime commercial property on Friar Lane presents a rare chance to establish your business in the heart of Leicester's city centre, surrounded by a thriving commercial landscape. Don't miss the opportunity to make this versatile space your own, where history, modernity, and business prospects converge seamlessly. For further details and to explore the potential of this leasehold interest, contact us today.

Floorplan(s): Floor Plan 1 Floor Plan

Floor Plan 1 View original

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For more information about this property, please contact
BM Estates, LE5 on +44 116 448 9096 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by BM Estates, and do not constitute property particulars. Please contact BM Estates 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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