Narborough Road, Leicester, LE3 0PA
£20,000 Per annum

*Prominent Trading Location For Sale*

Location
The property is located on the busy A5460 Narborough Road between Winchester Avenue & Imperial Avenue, prominently positioned amongst other established retailers to include Wilkinson, Co-op Superstore, Ladbrokes and other retailers. The property is close to Leicester City Centre, De Montfort University and Leicester Royal Infirmary. There is also good transport access to the main motorway networks & Fosse Park Shopping Centre.

Description
A chance  to occupy a well established newsagent within a busy and popular retail location. Established in 1981 the premises has benefitted from the high level of footfall and passing trade over a prolonged period.The business comes with Western Union, Paypoint and Lotto facilities as well as retailing Confectionery, Tobacco, Newspapers and a host of other products.The newsagents also benefits from having living accommodation above having three double bedrooms.

Accommodation

Area

Sq Ft (approx)

Sq M (approx)

Ground Floor

 

 

Shop

566

52.6

Stores

96

8.9

Rear Store

79

7.3

First Floor

   

Kitchen

188

17.5

Lounge

180

16.7

Bathroom

72

6.7

Bedroom 1

48

4.5

Bedroom 2

162

15

Bedroom 3

170

15.8

Lease Terms
To be negotiated

Planning
We are verbally advised that the premises have consent for A1 (Retail) of the Town & County Planning (Use Classes) order 1987. Interested parties should make the own enquiries by contacting the local authority (Leicester City Council).

Rates
The Premises have a rateable value of £10,234. The uniform business rates for 17/18 are £0.46.6. We have been informed by the Landlords that the current rates payable £4,707.64. Individual parties should satisfy themselves as to the likely rates payable from the date of occupation by contacting the Local Authority.

Services
We understand that the property has water, gas & electricity services connected. It should be noted that Shonki Brothers have not tested any of the services and are not able to offer any guarantees in this regard.

VAT
There is no VAT payable in addition to the purchase price.

Costs
Each party is responsible for their own legal costs.

Viewing
Viewing strictly by prior appointment with the sole agent.

Price
Rent: £20,000 per annum
Business Premium: Offers in region of £40,000

We arrange a free valuation (with no obligation) and marketing advice to vendors of all types of properties.
Please do not hesitate to Contact our office to arrange for our valuer to call.

DISCLAIMER: Money Laundering Regulations, Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. All measurements are approximate. Whilst we endeavour to make our sales particulars accurate and reliable, these approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before. Shonki Bros have not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances. Potential buyers are advised to recheck the measurements before committing to any expense. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.  These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants.

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