Key Information
- Total NIA: 2,329 sq ft (216.4 sq m)
- Situated in a high footfall location
- Nearby occupiers: Greggs, HSBC, EE and Taco Bell
- Rent: £37,000 per annum exclusive
- £37,000 per annum exclusive
The property comprises a traditional three-storey mid-terraced retail premises of brick construction beneath a flat roof, incorporating a metal framed shop frontage at ground floor level with attractive stone detailing to the upper floors. Internally, the accommodation has been arranged to provide flexible retail accommodation on the ground floor with ancillary staff welfare and storage accommodation over basement, first, and second floors. There is a prominent staircase leading off the ground floor sales area to the first floor so there is the potential that the first floor could also be used for retail sales accommodation.
Location
The property occupies a central location within Leicester's retail core on the western side of Gallowtree Gate approximately 75 metres south of Highcross Shopping Centre which is the City's principal shopping centre and which opened in 2008. The property lies approximately 30 metres from the Clock Tower, the prime retail pitch where the junctions of Gallowtree Gate, Humberstone Gate, Haymarket, Belgrave Gate and East Gate interlink. Gallowtree Gate is an important pedestrianised shopping street benefitting from healthy levels of footfalls and the subject property itself occupies a location on the preferred western side at the northern end closer to the shopping centre. Notable retailers situated in close proximity to the subject property include: Greggs, H Samuel, EE, Boots, HSBC, Pret A Manger and Taco Bell.
VAT
All figures quoted are exclusive of VAT. The property is registered for VAT which will be charged at the prevailing rate.
Rates
The property is currently listed as Shop and Premises and has a rateable value of £35,750 Source: VOA
Services
We understand that all mains services are connected to the premises. However, no tests have been carried out regarding the services.
EPC
The premises have an EPC assessment of: B
Legal Costs
Each party is to bear their own legal costs incurred.
Accommodation
Measurements are quoted on a Net Internal basis in accordance with the RICS Property Measurement Second Edition.
Planning
We understand that the property will now have an authorised use within Class E of the Town and Country Planning (Use Classes) (Amendments) (England) Regulations 2020. This is a broad use class which allows the property to be used for a variety of uses including: as a retail shop, café, restaurant and office.
Viewing
Viewings are by appointment with sole agents Innes England