Skip to main content
  • Sign in

Restaurant/cafe for sale

£500,000 (£195.85/sq. ft) Offers over

King Street, Leicester LE1

Restaurant/cafe for sale 2,553 sq. ft*
Interested in this property? Call +44 1664 518993 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Key Points

  • Income producing £30,000 per annum
  • New 5 year lease as of Nov 23'
  • Finance available / good pension investment
  • Freehold sale £500,000
  • Description

    Occupying the Ground Floor, Basement and part First Floor, the accommodation is fully let on a new 5 year term and is currently operating as a restaurant / bar.

    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.

    Location

    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.

    Viewings

    Strictly by prior appointment via the sole agents P & F Commercial Tel: Or via email

    Terms

    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

    Services

    We are advised that all main services are connected to the property. These services have not been inspected or tested by the agent

    Property info

    * Sizes listed are approximations. Please contact the agent to verify actual sizes.

    Arrange Viewing

    For more information about this property, please contact
    P & F Commercial, LE15 on +44 1664 518993 * (local rate)

    Contact P & F Commercial about this property

    Enter details
      Morning (8am-noon)
      Afternoon (noon-5pm)
      Evening (5pm-9pm)
    1. Characters remaining: 500

    By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by P & F Commercial, and do not constitute property particulars. Please contact P & F Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

    View all King Street commercial property for sale