48 Granby Street
Leicester
LE1 1DH
Melton Road, Syston
Offers Over £230,000 Sold (STC)
Commercial
Readings Property Group are pleased to bring to market the opportunity to purchase a long term investment in a popular location within Syston. The Property is let on a 25 year lease from 1st November 2018 at a current rental of £12,000 per annum subject to 3 yearly rent reviews. There is a rent review due in November which gives the opportunity for a significant uplift in rent.
Location
The property is located in Syston which is within the district of Charnwood. The town has excellent road links to the A46. Leicester Railway station is approximately 6 miles in distance and the town also has a railway station which provides links to nearby major cities such as Nottingham. The property is located on Melton Road, a busy retail thoroughfare through Syston. Nearby occupiers include Tesco, Aldi, Costa Coffee, Greggs etc.
Description
The Property comprises of a ground and first floor currently occupied by an Indian Restaurant. The ground floor includes a bar area, seating and kitchen. The first floor includes further seating, storage and WC facilities. There is a temporary building in the yard for additional storage.
Accommodation
Based on a Net Internal Area, the measurments are as follows:
Ground Floor Restaurant
54.4 sqm (585 sqft)
First Floor
54.0 sqm (581 sqft)
Terms
The property is being offered at offers over £230,000
Rating
Rateable value £8,400
Rates payable 2025/26: £TBC
Prospective purchasers are required to confirm rates payable with the local authority and make their own enquiries regarding small business rates relief.
Energy Performance
TBC
VAT
We understand VAT is not applicable.
Services
Mains water, gas and electric are available.
Legal Costs
Each party to bear their own legal costs
Viewings
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 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 Code of Measuring Practice (6th Edition) and ISVA code of measuring practice.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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