Key Information
- Gross rental income of £267,123 pa
- Price £2,500,000.00
- Price £2,500,000.00
The property comprises a substantial T-shaped three storey former factory building of traditional masonry construction which has since been converted to provide a ground floor restaurant premises together with residential accommodation arranged over three floors with a separate entrance.
Location
Leicester is one of the UK's most diverse and dynamic cities, with a resident population of approximately 324,000 according to the 2021 Census. The city is home to two highly regarded universities, the University of Leicester and De Montfort University, which together support a student population of around 50,000. The property occupies a prominent position within the heart of Braunstone Gate, one of Leicester's most popular and established commercial districts. The area offers a thriving mix of restaurants, cafés, bars, retail outlets and service-based businesses. The property is situated between the junctions of Bede Street and Western Road, directly opposite Tesco Superstore. Transport links are exceptional, with direct access to Narborough Road (A5460), one of Leicester's principal arterial routes connecting the city centre to Junction 21 of the M1/M69 motorway network. The property also benefits from convenient access to Leicester's inner ring road, providing efficient connectivity to around the wider city.
VAT
The property has not been elected for VAT and is therefore not payable on the purchase price.
Services
We understand that all mains services are available and connected to the property.
EPC
Available upon requested.
Legal Costs
Each party is to bear their own legal costs incurred.
Planning
We understand that the property has authorised use from the Local Planning Authority under Class E Restaurant use and Class C3 Dwellinghouse Use of the Town and Country Planning (Use Classes) (Amendments) (England) Regulations 2020. Interested parties are advised to make their own enquiries in this regard with the Local Planning Authority.
Viewing
Viewings are by appointment with sole agents Innes England. OUR ANTI-MONEY LAUNDERING POLICY In Accordance with Anti-Money Laundering Regulations, two forms of ID and confirmation of the source of funding will be required from the successful purchaser.