Description

Location
The property is located on the corner of Belvoir Street and Granby Street in the heart of Leicester city centre. Situated in a mixed commercial/residential area, the property is easily accessible via all modes of transport and benefits from high local footfall.

Description
Kal Sangra Shonki Brothers Ltd are pleased to present this 3 storey commercial/residential investment property. With 3 ground floor retail units and residential accommodation consisting of 7 flats on the upper floors under leasehold for a term of 999 years. There is a gas supply to all shops.

Accommodation: All measurements are approximate:

Ground Floor:
Unit 1:
Ground Floor area 560 sqft (52 sqm)
Basement 516 sqft (48 sqm)
Total GIA: 1076 sqft (100 sqm)

Unit 2:
Ground Floor area 1044 sqft (97 sqm)
Basement 818 sqft (76 sqm)
Total GIA: 1862 sqft (173 sqm)

Unit 3:
Ground Floor area 667 sqft (62 sqm)
Basement 785 sqft (73 sqm)
Total GIA: 1453 sqft (135 sqm)

Lease Terms

Basement
Electric and Water Meters
Bike Store if required

Ground Floor Unit 1
Restaurant/Takeaway
Peri -Peri
10 year lease term from 30.11.2018 due for review in 11.2021
CRI: £27,000 pa excl

Ground Floor Unit 2
Restaurant/Takeaway
Fireaway Pizza
12 year lease from 20.06.2019 due for review in 06.2022
CRI: £20,000 pa excl

Ground Floor Unit 3
Restaurant/Takeaway
Belgian Chips
10 year lease term from 15.1.2019 due for review in 01.2022
CRI: £25,000 pa excl

Tenure
The building is being sold Freehold, with upper floors let on a leasehold basis of 999 years

Planning
We understand the property has Class E(a,b,c) use with the potential for other uses subject to obtaining planning consent. All enquiries regarding planning should be made direct to Leicester City Council on 0116 454 1000

Current Rental Income
£72,000 pa

Price
£1,150,000 + VAT

Legal Cost
All parties are responsible for their own legal costs.

Services
The services, fittings and appliances (if any) have not been tested by the agents.

Rating Assessment
Charging Authority: Leicester City Council
Description: Shop Premises
Rates will need to be assessed.
Please make your own enquiries in respect of the rating liability or business rate relief with Leicester City Council.

Energy Performance Certificate

Exempt due to Grade II Listed Building

Viewing

Strictly by appointment through the agents.
Kal Sangra, Shonki Brothers Ltd
85 Granby Street, Leicester LE1 6FB
Tel: 0116 254 3373
Email: info@shonkibrothers.com

Disclaimer

Important Information: - Shonki Brothers their clients and any joint agents give notice that:

These particulars are prepared as a general guide for the property and whilst they are believed to be correct their accuracy is not guaranteed. As such all photographs, measurements, floorplans and distances referred to are only provided as a guide and should not be relied upon for the purchase of flooring or any other fixtures or fittings.

Any and all fixtures and fittings listed in these particulars are deemed removable by the vendor. We have not tested any apparatus, equipment, fixtures or services and it is in the buyer's interest to check the working condition of any applications.

Neither Shonki Brothers Ltd 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.

These particulars do not constitute part or all of an offer or contract.

Whilst we take care in preparing these particulars, it is the buyers responsibility to ensure they have carried out all their investigations of the various aspects of the property and that his/her legal representative confirms as soon as possible all matters relating to title, including the extent and boundaries of the property and other important matters, before exchange of contracts

Any ground rent, service charges and any other lease details (where applicable) and council tax are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts.

The premises detailed in these particulars are offered subject to them not having been let, sold or withdrawn and Shonki Brothers Ltd will accept no liability for consequential loss arising from these particulars or any negotiations in relation thereto.

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 the property.

In accordance with the Money Laundering Regulations 2017, the intending purchaser will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there is no delay in agreeing the sale.