184-186 Gipsy Lane, Leicester, LE4 6RG

Solicitor Details

Shoosmiths, 9th Floor, New Station Street, Leeds LS1 4JB Tel: (0370) 086 7371 ~ Ref; J Speed

*Guide Price & Reserves

COMMERCIAL INVESTMENT

Property Description

A double fronted two storey commercial property of approximately 1,765 sqft with ground floor established restaurant having commercial kitchen and seating for approximately 40 covers. The property benefits from on street front loading, rear loading with 2 car parking spaces and air conditioning.

Location:

The property is located within a parade of shops at the junction of Catherine Street / Barkby Road and opposite BAPS Shri Swaminarayan Mandir.

Accommodation:

Ground Floor Restaurant, kitchen, disabled WC. GIA: 952 sqft (88.5 sqm)
First Floor: Preparation area, storage, staff WC. GIA: 813 sqft (75.6 sqm)
Total GIA: 1,765 (164.1 sqm) approx.

Tenure

Freehold, subject to existing lease
Let on a 10 year FRI lease from 11.02.2022 with 3 year rent reviews, at a current passing rent of £25,000 pax increasing from 10.02.2026 to £27,500 pax
Tenant break option in 11.02.2027

Energy Performance Certificate:

Rating 86, Band D.

Energy Performance Certificate :

Rating 86, Band D,

Extra Details

Outside: 2 car parking spaces to the rear.

Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

WANT TO BUY OR SELL A PROPERTY?

LOT 09

GUIDE PRICE: £290,000 - £300,000