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17- 19 Market Street

Leicester, Leicestershire

£1,100,000

For Sale

  • Nearly 14,000 sq. ft of space over five floors
  • Located in the heart of Leicester
  • Let to Cameron's Brewery Limited
  • 20 year lease - RPI adjusted increases every 5 years
  • Virtual Tour - https://my.matterport.com/show/?ref=em&m=JnNzHJ7Afi8&help=1>=1&ts=1
  • Current passing rent of £82,500 pa
  • Net initial yield of 7%
  • Development Potential
  • Close to the planned revamped Fenwick Building and De Montfort University
Location
Leicester is a city and unitary authority in the East Midlands with a population of approximately 464,400 residents. It is situated circa 20 miles north east of Nuneaton and 13 miles south east of Loughborough.
The property is prominently positioned in central Leicester fronting Market Street off the main Haymarket high street, in close proximity to De Montfort University. The immediate surrounding area comprise a mixture of city centre retail units, restaurants and bars with the bus station within walking distance.
The former Fenwick building on the corner of Market Street is currently beind redeveloped into a 121-bed aparthotel, with additional commercial, licensed and gym use over ground and basement floors.
Accommodation
Leicester is a city and unitary authority in the East Midlands with a population of approximately 464,400 residents. It is situated circa 20 miles north east of Nuneaton and 13 miles south east of Loughborough.
The property is prominently positioned in central Leicester fronting Market Street off the main Haymarket high street, in close proximity to De Montfort University. The immediate surrounding area comprise a mixture of city centre retail units, restaurants and bars with the bus station within walking distance.
The former Fenwick building on the corner of Market Street is currently beind redeveloped into a 121-bed aparthotel, with additional commercial, licensed and gym use over ground and basement floors

Accommodation
The property is a four storey building of brick construction which sits under a mixture of pitched and flat roofs.
The internal trading area is spread across the ground and first floors.
The ground floor comprises a single servery to the side with a tiered seating area, open plan seating and booth seating to the perimeter.
The first floor comprises an open plan trade area with a balcony overlooking the ground floor trade area and a mixture of tiered and booth seating to the side.
Ancillary trade areas include a kitchen, customer WC's and back of house.
Private accommodation is spread across the second and third floors.

Floor 1 238 square metres 2,654 square feet
Floor 2 329 square metres 3,538 square feet
Floor 3 295 square metres 3,174 square feet
Floor 4 322 square metres 3,464 square feet
Floor 5 104 square metres 1,118 square feet

The property sits on a plot size amounting to circa 0.1 acres.
This site presents an excellent opportunity to acquire a freehold investment property at circa 7% yield located in Leicester city centre.
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Brochure / Documents
Matt Whiteley
Associate Director
North & Midlands
07483 077 344 matt@jamesabaker.co.uk