Discover a remarkable commercial opportunity in the heart of Leicester's vibrant city centre. This leasehold property on Friar Lane, previously a successful restaurant, is perfectly positioned to elevate your business aspirations. Located on a prominent corner, it offers high visibility and excellent foot traffic, ideal for businesses looking to thrive in a bustling area known for its popular bars and restaurants offered to market for sale through the Modern
Method of Auction which is operated by iamsold Limited.
Discover a remarkable commercial opportunity in the heart of Leicester's vibrant city centre. This leasehold property on Friar Lane, previously a successful restaurant, is perfectly positioned to elevate your business aspirations. Located on a prominent corner, it offers high visibility and excellent foot traffic, ideal for businesses looking to thrive in a bustling area known for its popular bars and restaurants offered to market for sale through the Modern
Method of Auction which is operated by iamsold Limited.
The property features a flexible layout with a welcoming entrance that opens into a spacious, open-plan area, ready to be tailored to your business needs. Two staircases lead to the lower level, which includes well-appointed offices, W/C facilities, a convenient storage room, and a functional kitchen. This design provides ample room for customer-facing operations as well as private administrative areas.
With an impressive 992 years remaining on the lease, this property ensures long-term security. Service charges, covering communal maintenance, are available on request, and VAT will apply to the final sale price.
This is a rare chance to establish your business in one of Leicester’s most dynamic commercial hubs.
Auctioneer Comments
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation
Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information
Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent
information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase
price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service
Viewings are highly advised and are available by pre-arranged appointment only. Contact Home Property Sales & Lettings today to book your viewing.
