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Please contact us on 0116 222 7575 for more info...

1650sqft Commercial Premises

Norman Street, Leicester, Leicestershire

£26,500 (per annum)

Key Features

  • 1650 ft2

Readings Property Group are pleased to bring to market this restaurant / bar located on the corner of Norman Street & Narborough Road. The premises is fully fitted and ready to trade immediately and has a total net internal area of 153 sqm (1,650 sf)

The ground floor has a total space of approx.122sqm (1314sqft) and accommodates a bar area with seating and music performance stage. It can also be used as a restaurant which can accommodate a number of covers with additional outside seating.

The first and second floors provide a kitchen / preparation room, storage and WC facilities.

    Location

    The property is located on the corner of Norman Street and fronting Narborough Road, a busy and popular area of Leicester. Narborough Road accommodates a number of independent, local and national established businesses.

    Ground Floor

    Bar and Seating Area
    59sm (636 sf) approx.

    Performance area
    63 sm (678 sf) approx.

    First & Second Floor

    Kitchen/prep area & Storage
    31sm (335sf) approx.

    Cellar

    A cellar accommodates brewery equipment.
    20sm (217sf) approx

    Outside

    Additional outside seating on Norman Street.
    27sm (290sf) approx

    Terms

    A new full repair and insuring lease to be agreed for a minimum term of 5 years at a commencing rental of £28,500 per annum exclusive.
    A minimum three month deposit payable on signing of the lease.

    Rating Assessment

    Rateable value is £22,000.

    UBR (2018/19) 0.493

    Estimated rates payable (2018/19) £10,846

    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 - E

    Legal Costs

    The ingoing tenant will be responsible for the landlord's reasonable legal costs for the preparation of the lease.

    Services

    The services, fittings and appliances (if any) have not been tested by the agents.

    Application Fee

    Individual / Sole Trader £150 plus VAT.
    If Company, then a guarantor application will be required too. This will cost £250 plus VAT.

    In addition two trade references are required.

    Viewing

    Strictly by appointment with sole agent, Readings Property Group, 48 Granby Street, Leicester LE1 1DH (Hassan Gaffar). (0116) 2227575

    Agent Notes

    CONSUMER PROTECTION LEGISLATION - These letting details have been written to conform to Consumer Protection Legislation. Whilst we endeavour to make our 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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