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Commercial Premises

Gipsy Lane, Leicester

£180,000 (offers over)

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Readings Property Group are pleased to bring to market, the opportunity to lease or acquire a premises located in a popular area with existing A5 Hot Food Use.

The property is located at the end of the parade of retail units on Gipsy Lane, close to the junction of Catherine Street.


    The property is located on the slip road which is accessed off the main Gipsy Lane. The property is set back from the main road and is part of a retail parade and sits at the end of the parade next door to the Church and opposite the Temple. Gipsy Lane accommodates a variety of retail uses, with the main being LIDL.


    The ground floor accommodation includes a waiting area and a fully fitted kitchen. The first floor consists of two storage rooms and a bathroom/WC.

    The total net internal area is as follows:

    GF = Approx 33 sqm (357sf)
    FF = 28.3sqm (305 sf)

    Our understanding is that the fixtures and fittings in the kitchen may be included in the sale/letting.


    A new full repairing and insuring lease to be agreed for a minimum term of 3 years at a commencing rental of £12,000 per annum.


    Freehold Price of £180,000 (offer over)

    Rating Assessment

    Rateable value is £6,800
    Rates payable 2018/19 - £3,345.60
    Prospective tenants are required to confirm rates payable with the local authority and any questions regarding rates relief must be raised with the local authority.

    Energy Performance Certificate

    EPC Rating - TBC


    The Rent quoted is exclusive of VAT

    The Freehold Price quoted is exclusive of VAT

    Legal Costs

    Each party to bear their own legal costs.

    Application Fee

    If an offer is accepted, the successful applicant is required to fill in the relevant forms and pay a fee of £150 plus VAT. If the tenant is an organisation, then a company and guarantor application will be required. This will cost £250 plus VAT.

    In addition two trade references are required.


    Strictly by appointment with sole agent, Readings Property Group, 48 Granby Street, Leicester LE1 1DH (Hassan Gaffar).

    Agent Notes

    CONSUMER PROTECTION LEGISLATION - These letting details have been written to conform to Consumer Protection Legislation. Whilst we endeavour to make our Lettings Details accurate and reliable, if there is any point of particular importance to you, please contact the office and we will check the information for you, particularly if contemplating travelling some distance to view. Measurements are given in good faith and whilst believed to be accurate these should be checked by the prospective tenant for verification. The measurements are carried out in accordance with the RICS and ISVA code of measuring practice.

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