Property photos
Freehold
Offers over
£500,000
(£195.85/sq. ft)
Restaurant for sale
King Street, Leicester LE12,553 sq. ft
Local area information
Property location
Nearby amenities
- The Children's Hospital School (SEN) 0.3 miles
- Leicester 0.3 miles
- Moat Community College 0.5 miles
- South Wigston 3.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Leicester to find out more about the local area.
Features and description
- Freehold
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
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
More information
Listed by
P & F Commercial
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - P & F Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact P & F Commercial for full details and further information.