Cavendish Road, Leicester - OnTheMarket
92-94, CAVENDISH ROAD, LEICESTER, LE2 7PH
This is an excellent opportunity to lease attractive licenced premises in a popular residential area. The property currently trades as a Lithuanian‐themed business with takings approaching £3,000 per week. The current lease runs until 2018 at a rent of £12,000 per annum. There is seating for around 45 people, an attractive beer garden and a large cellar. The sale will include all fixtures and fittings, goodwill and stock.
£29,950 Call 0116 242 9933 for further information
SITUATION The property is situated on Cavendish Road which is a popular street running between Aylestone Road (A426) and Saffron Way (B5366). The area is characterised by high density housing providing an excellent customer base.
DESCRIPTION The property comprises a ground floor public house with a beer garden to the rear and a beer cellar. The premises currently trade as The Hunters Inn (Medziotoju Uzeiga in Lithuanian). There is seating for approximately 45 people and the accommodation includes the main public area, kitchen, wash‐up area, beer cellar and staff and customer WC's. ACCOMMODATION The property has the following net internal floor areas which have been measured in accordance with the RICS Code of Measuring Practice. Main area 102.0 sq. m. (1,098 sq. ft.) Kitchen 7.9 sq. m. (85 sq. ft.) Wash‐up/store 8.5 sq. m. (92 sq. ft.) Beer cellar 96.3 sq. m. (1,037 sq. ft.)
SERVICES The property is connected to main electricity, water and drainage services and the accommodation benefits from electric heating. There is no gas supply. Please note that we have not tested any of the services/installations and we are therefore unable to give any guarantee of their reliability and working order.
THE BUSINESS The Lithuanian‐themed business has an established wet and dry trade and was established in 2015. Trading figures show a weekly turnover of up to £3,000 with scope for further improvement. There are genuine reasons for the disposal which are mainly due to the proprietor having business commitments elsewhere.
PLANNING The property has the benefit of Planning Permission for A4 Drinking Establishment use. BUSINESS RATES The property is described in the 2010 Rating List as Public House and Premises with a Rateable Value of £4,100. Within the Draft 2017 Rating List, which comes into effect from 1st April, 2017, the assessment increases to £7,050. However, under current regulations, there are no Business Rates payable. LEASE The property is held under a Law Society Lease on internal repairing terms expiring on 3rd April 2018 at a current rent of £12,000 per annum.
RENT £12,000 per annum. PRICE £29,950 for the goodwill, fixtures and fittings and stock.
ENERGY PERFORMANCE CERTIFICATE Rating F (130) COSTS Each party are to be responsible for their own costs incurred in respect of the transaction. VALUE ADDED TAX VAT is not payable in respect of this transaction. POSSESSION Vacant possession will be granted on completion of legal formalities. VIEWINGS Viewings must be arranged through Andrew Granger & Co. Please contact Kevin Skipworth on 0116 2429938 or email [email protected]
LOCATION
Andrew Granger & Co is the trading name of Andrew Granger & Co Ltd. Registration No. 09298477. Registered office: Phoenix House, 52 High Street, Market Harborough, Leicestershire LE16 7AF. Andrew Granger & Co for themselves and the vendors/lessors of this property whose agents they are give notice that:1. Prospective purchasers/tenants should note that no statement in these details is to be relied upon as representation of fact and prospective purchasers/tenants should satisfy themselves by inspection or otherwise as to the accuracy of the statements contained. These particulars do not form part of any contract. 2. Please note that no appliances, services or installations have been tested and no guarantee as to condition or suitability is confirmed or implied. Prospective purchasers/tenants are advised to obtain verification from their surveyor or solicitor. Contents, fixtures & fittings are excluded, unless specially mentioned within these sales particulars. 3. All measurements mentioned within these particulars are approximate. Photographs are also provided for guidance purposes only. 4. No person in the employment of Andrew Granger & Co has any authority to make or give any representation or warranty whatsoever in relation to this property or these particulars nor enter into any contract relating to the property on behalf of the vendors/lessors. 5. Site plans and floor plans are for guidance purposes only and are not to scale and should not be relied upon as a statement of fact. If Ordnance Survey maps are provided, it has the permission of the controller of H.M.S.O. Crown Copyright reserved, Licence No. 100003828. 6. Any reference to the use or alterations of any part of the property does not imply that the necessary planning, building regulations or other consents have been obtained. It is the responsibility of a purchaser or lessee to confirm that these have been dealt with properly and that all information is correct.
This is an excellent opportunity to lease attractive licenced premises in a popular residential area. The property currently trades as a Lithuanian‐themed business with takings approaching £3,000 per week. The current lease runs until 2018 at a rent of £12,000 per annum. There is seating for around 45 people, an attractive beer garden and a large cellar. The sale will include all fixtures and fittings, goodwill and stock.
£29,950 Call 0116 242 9933 for further information
SITUATION The property is situated on Cavendish Road which is a popular street running between Aylestone Road (A426) and Saffron Way (B5366). The area is characterised by high density housing providing an excellent customer base.
DESCRIPTION The property comprises a ground floor public house with a beer garden to the rear and a beer cellar. The premises currently trade as The Hunters Inn (Medziotoju Uzeiga in Lithuanian). There is seating for approximately 45 people and the accommodation includes the main public area, kitchen, wash‐up area, beer cellar and staff and customer WC's. ACCOMMODATION The property has the following net internal floor areas which have been measured in accordance with the RICS Code of Measuring Practice. Main area 102.0 sq. m. (1,098 sq. ft.) Kitchen 7.9 sq. m. (85 sq. ft.) Wash‐up/store 8.5 sq. m. (92 sq. ft.) Beer cellar 96.3 sq. m. (1,037 sq. ft.)
SERVICES The property is connected to main electricity, water and drainage services and the accommodation benefits from electric heating. There is no gas supply. Please note that we have not tested any of the services/installations and we are therefore unable to give any guarantee of their reliability and working order.
THE BUSINESS The Lithuanian‐themed business has an established wet and dry trade and was established in 2015. Trading figures show a weekly turnover of up to £3,000 with scope for further improvement. There are genuine reasons for the disposal which are mainly due to the proprietor having business commitments elsewhere.
PLANNING The property has the benefit of Planning Permission for A4 Drinking Establishment use. BUSINESS RATES The property is described in the 2010 Rating List as Public House and Premises with a Rateable Value of £4,100. Within the Draft 2017 Rating List, which comes into effect from 1st April, 2017, the assessment increases to £7,050. However, under current regulations, there are no Business Rates payable. LEASE The property is held under a Law Society Lease on internal repairing terms expiring on 3rd April 2018 at a current rent of £12,000 per annum.
RENT £12,000 per annum. PRICE £29,950 for the goodwill, fixtures and fittings and stock.
ENERGY PERFORMANCE CERTIFICATE Rating F (130) COSTS Each party are to be responsible for their own costs incurred in respect of the transaction. VALUE ADDED TAX VAT is not payable in respect of this transaction. POSSESSION Vacant possession will be granted on completion of legal formalities. VIEWINGS Viewings must be arranged through Andrew Granger & Co. Please contact Kevin Skipworth on 0116 2429938 or email [email protected]
LOCATION
Andrew Granger & Co is the trading name of Andrew Granger & Co Ltd. Registration No. 09298477. Registered office: Phoenix House, 52 High Street, Market Harborough, Leicestershire LE16 7AF. Andrew Granger & Co for themselves and the vendors/lessors of this property whose agents they are give notice that:1. Prospective purchasers/tenants should note that no statement in these details is to be relied upon as representation of fact and prospective purchasers/tenants should satisfy themselves by inspection or otherwise as to the accuracy of the statements contained. These particulars do not form part of any contract. 2. Please note that no appliances, services or installations have been tested and no guarantee as to condition or suitability is confirmed or implied. Prospective purchasers/tenants are advised to obtain verification from their surveyor or solicitor. Contents, fixtures & fittings are excluded, unless specially mentioned within these sales particulars. 3. All measurements mentioned within these particulars are approximate. Photographs are also provided for guidance purposes only. 4. No person in the employment of Andrew Granger & Co has any authority to make or give any representation or warranty whatsoever in relation to this property or these particulars nor enter into any contract relating to the property on behalf of the vendors/lessors. 5. Site plans and floor plans are for guidance purposes only and are not to scale and should not be relied upon as a statement of fact. If Ordnance Survey maps are provided, it has the permission of the controller of H.M.S.O. Crown Copyright reserved, Licence No. 100003828. 6. Any reference to the use or alterations of any part of the property does not imply that the necessary planning, building regulations or other consents have been obtained. It is the responsibility of a purchaser or lessee to confirm that these have been dealt with properly and that all information is correct.
