Restaurant/cafe to let in 20 Market Street, Loughborough LE11

2600 Sq Ft ground floor retail space

Located in the heart of Loughborough

£32,500 per annum + VAT

Size - £2600 sq ft
Rent - £32,500 per annum + VAT
Rateable Value - £36,500

VAT - Applicable on the rent and additional charges

Located on the ground floor of a 2-storey town centre property. The upper floors have residential accommodation for students which are separately accessed from the rear.
There is a car park to the rear with delivery access to the shop - Car parking spaces are available by separate negotiation and are not included in the property rent.

Location

Loughborough is a well-known University town, situated between Nottingham to the north and Leicester to the south.
The town has good connectivity to the M1 motorway Junction 23, approximately three miles to the west. Good road and rail links to surrounding towns and cities, with the M1, M42 and M69 / M6 all within a 20-mile radius and direct rail access to St Pancras station.

The property is situated between Market Street and Packe Street, access provided via Packe Street for parking and services. Market Street is a pedestrianised area with a mixture of residential, leisure and retailing occupiers.

Accommodation

The space offers circa 2600 sq ft of rectangular space taken to a basic shop fit out with existing lighting and flooring, subject to terms the outgoing tenant will leave some fittings in situ, subject to a small premium. W/c with small store room are in place.

Terms

Offered for let on a lease assignment or new lease with an initial passing rent of £32,500 per annum plus VAT. 5 to 10-year lease term with break clause on fully repairing and insuring terms
Plus landlords’ insurance and management charges.

Vat

We are advised that VAT will be chargeable on the Rent and on any Service charges and Landlords Insurance contributions required.