33-41 High Street Leicester Leicestershire LE1 4FP

  • 33-41 High Street<br>Leicester<br>Leicestershire<br>LE1 4FP

33-41 High Street
Leicester
Leicestershire
LE1 4FP

Freehold Retail Investment

  • Majority let on a new 10 year lease
  • Prominent and busy pedestrianised location in Major Regional University City
  • Adjacent to the major 120 unit Highcross Shopping Centre
  • Nearby occupiers include House of Fraser, Boots the Chemist and Lloyds Bank
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    13
  • Auction
    10th December 2015
  • Rent
    £90,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,310,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Joint LPA Receivers
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Freehold Retail Investment

  • Majority let on a new 10 year lease
  • Prominent and busy pedestrianised location in Major Regional University City
  • Adjacent to the major 120 unit Highcross Shopping Centre
  • Nearby occupiers include House of Fraser, Boots the Chemist and Lloyds Bank
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 13
  • Auction 10th December 2015
  • Rent £90,000 per Annum Exclusive
  • Status Sold
  • Price £1,310,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Joint LPA Receivers

Property Information

Location
Miles
45 miles north-east of Birmingham, 30 miles south of Nottingham, 20 miles north-east of Coventry
Roads
A6, A47, A563, M1
Rail
Leicester Railway Station
Air
East Midlands Airport
Situation

The property is situated in the heart of Leicester City Centre in a prominent position on the north side of the busy pedestrianised High Street and adjacent to the major 120 unit Highcross Shopping Centre, whose anchor tenants include John Lewis, Debenhams, House of Fraser and close to the Haymarket Shopping Centre.

Tenure

Freehold.

Location
Miles
45 miles north-east of Birmingham, 30 miles south of Nottingham, 20 miles north-east of Coventry
Roads
A6, A47, A563, M1
Rail
Leicester Railway Station
Air
East Midlands Airport
Situation

The property is situated in the heart of Leicester City Centre in a prominent position on the north side of the busy pedestrianised High Street and adjacent to the major 120 unit Highcross Shopping Centre, whose anchor tenants include John Lewis, Debenhams, House of Fraser and close to the Haymarket Shopping Centre.

Tenure

Freehold.

Description

The property comprises ground and first floor restaurant and retail accommodation with ancillary accommodation on the basement, second and third floors. The property benefits from a service yard to the rear accessed from High Street.

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting
in respect of this sale without personal liability.

The adjacent property at No. 43-47 High Street is being offered as lot 1

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground and first floor restaurant and retail accommodation with ancillary accommodation on the basement, second and third floors. The property benefits from a service yard to the rear accessed from High Street.

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting
in respect of this sale without personal liability.

The adjacent property at No. 43-47 High Street is being offered as lot 1

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x. Review/(Reversion)
37-41



33/35		 Basement,
Ground
First
First
First
Second		 Ancillary
Retail
Retail
Ancillary
Ancillary (4)
Ancillary (4)
143.90 sq m
182.36 sq m
105.22 sq m
64.06 sq m
83.81 sq m
306.47 sq m
(1,549 sq ft)
(1,963 sq ft)
(1,132 sq ft)
(690 sq ft)
(902 sq ft)
(3,298 sq ft)
 DEMIPOWER LIMITED
(t/a KFC) (1)		 10 years from 10/11/2015
(2)		 £60,000 10/11/2020
(09/11/2025)
33/35 Basement
Ground		 Ancillary
Retail
69.21 sq m
82.62 sq m
(745 sq ft)
(889 sq ft)
 LOROS LIMITED (3) 3 years from 21/02/2015 £30,000 (20/02/2018)
Totals    
1,037.65 sq m
(11,169 sq ft)
     £90,000  

(1) For the year ending 3rd October 2014, Demipower Limited reported a turnover of £31,641,905, pre-tax profit of £567,768 and a total net worth of £915,542.
(2)The lease provides for a tenant option to determine the lease on 10/11/2020.
(3)Leicestershire & Rutland Organisation for the Relief of Suffering Limited are a Registered Charity since 1977 and currently operate 27 charity shops and have over 300 staff. (Source: www.loros.co.uk)
(4)Not currently used by the Tenant.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street
Leeds
LS1 2HL
Austin Judson 0113 283 2500austin.judson@walkermorris.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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