
For Sale
Millstone Lane, Leicester
LE1 5JN
Asking Price £45,000
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Property Key Details
BUSINESS FOR SALE - Bar & Nightclub Opportunity
Fully Fitted Bar And Nightclub Premises
Available For Immediate Operation
Nearby Local Established Entertainment Hotspots
Upper BSMT: Bar, Seating Areas, VIP Seating, DJ Booth, Open Dance Floor & W/Cs
Property Key Details
Lower BSMT: Bar, Seating Areas, Storage Rooms, DJ Booth & W/Cs
Total GIA: 3,780 sqft (351 sqm) approx.
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Property Description
List of Services
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Location The property is located on Millstone Lane within Leicester City Centre, close to a variety of established bars, restaurants and late-night venues, benefiting from strong footfall and easy access from transport links.Location
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Description A well-known basement bar and nightclub premises located on Millstone Lane. The business recently ceased trading providing a rare opportunity to take over a fully fitted venue in a proven location. The property is arranged over upper and lower basement levels with the benefit of existing fixtures and fittings providing minimal fit-out costs and the ability to reopen in a short time. The current layout is suited to a late-night bar or nightclub operation, and the space offers flexibility for operators wishing to re-brand or introduce a new concept, such as a cocktail bar, live music venue, or events space, subject to planning permission. The property is available ASAP, early viewings are highly recommended.Description
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Accomodation All measurements are approximate: Upper Basement: Bar & VIP Seating: 1,052 sqft (97.7 sqm) Dance Floor, DJ Booth & W/Cs: 1,124 sqft (104.4 sqm) Seating Areas: 295 sqft (27.4 sqm) Upper Basement GIA: 2,470 sqft (229.6 sqm) Lower Basement: Seating Areas, Bar, DJ Booth & W/Cs: 1,195 sqft (111 sqm) Storage Room: 115 sqft (10.7 sqm) Lower Basement GIA: 1,310 sqft (121.7 sqm) Total GIA: 3780 sqft (351.5 sqm)Accomodation
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Rent £35,000 plus VAT PAX (per annum exclusive)Rent
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Premium £45,000 premium for goodwill, including fixture and fittings.Premium
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Rating Assessment Description: Nightclub and premises Charging Authority: Leicester City Council Rateable Value: £64,000.00 Rates Payable: £30,720.00 Period: 1 April 2026 - presentRating Assessment
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Services The services, fittings and appliances (if any) have not been tested by the agents.Services
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Planning We understand that the property has Sui Generis use with potential for other uses subject to obtaining planning consent. All enquiries regarding planning should be made direct to Leicester City Council planning department.Planning
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Lease Terms We understand that the premises is available by way of a new lease on a full repairing and insuring basis for a minimum term of 3 years or longer, with 3 yearly rent reviews. A rent deposit equivalent to a quarters rent is payable and is to be held for the duration of the lease.Lease Terms
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Legal Costs The ingoing tenant is to be responsible for the landlord's reasonable legal costs for the preparation of the lease.Legal Costs
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Viewings Kal Sangra, Shonki Brothers Ltd 85 Granby Street, Leicester, LE1 6FB Tel: 0116 254 3373 Email: info@shonkibrothers.comViewings
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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.











