A rare opportunity to acquire a substantial ground and lower ground floor commercial premises extending to approximately 396 sqm (4,262 sq ft), prominently positioned within Leicester city centre.

The property occupies a corner position in a busy and well-established location, surrounded by a mix of retail occupiers, bars, restaurants and residential apartments, benefiting from strong footfall and excellent visibility.

Previously operated as a bar/restaurant, the premises are well configured for continued use within the hospitality sector or alternative commercial uses (subject to the necessary consents).

The property is offered fully fitted, including a commercial kitchen, allowing for immediate occupation and trading potential.

The accommodation comprises:
Ground floor: Main bar/restaurant area
Lower ground floor: Offices, storage rooms, kitchen facilities and WC provision
The property is offered with vacant possession, providing flexibility for owner-occupiers or investors.

Further benefits include -
992-year lease (virtual freehold)
EPC Rating: B

Established trading location within Leicester city centre
The property is situated within an area undergoing significant regeneration, with substantial investment enhancing the surrounding environment and long-term growth prospects, including:
Over £7.5 million invested into the Leicester Market redevelopment and in excess of £8 million committed to city centre upgrades and the Cank Street link.

The wider Waterside regeneration scheme, representing over £300 million of investment, delivering more than 2,000 new homes, alongside new office space, leisure facilities and a transformed city centre landscape
An excellent opportunity to acquire a well-located and versatile commercial unit. Viewing is highly recommended.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.