Nightclub let until 2026 (with guarantee from The Luminar Group Limited) (t/a Liquid & Envy Nightclub)
City Centre Location next to the main St Margaret’s Bus Station
Approximately 3,053.59 sq m (32,869 sq ft)
Six Week Completion
Lot 28
Auction 11th July 2013
Rent £150,000 per Annum Exclusive
Status Sold Prior
Price
Sector Leisure
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of Joint LPA Receivers Colliers International
Property Information
Location
Miles
10 miles south of Loughborough
27 miles south of Nottingham
32 miles south-east of Derby
Roads
A46, A47, M1 (Junction 21)
Rail
Leicester Railway Station (69 minutes to London St Pancras
International)
Air
East Midlands Airport
Situation
The property is situated in a prominent corner location on the eastern side of Churchgate at its junction with Gravel Street and Burleys Way (A594) just north of the city centre. St Margaret’s Bus Station, Leicester’s primary bus station, is located adjacent to the property, with Highcross Shopping Centre housing retailers such as House of Fraser, John Lewis and Debenhams less than 200 metres to the south-west.
Tenure
Freehold.
Location
Miles
10 miles south of Loughborough
27 miles south of Nottingham
32 miles south-east of Derby
Roads
A46, A47, M1 (Junction 21)
Rail
Leicester Railway Station (69 minutes to London St Pancras
International)
Air
East Midlands Airport
Situation
The property is situated in a prominent corner location on the eastern side of Churchgate at its junction with Gravel Street and Burleys Way (A594) just north of the city centre. St Margaret’s Bus Station, Leicester’s primary bus station, is located adjacent to the property, with Highcross Shopping Centre housing retailers such as House of Fraser, John Lewis and Debenhams less than 200 metres to the south-west.
Tenure
Freehold.
Description
The property comprises three interconnecting buildings offering a nightclub over ground and part first and self-contained offices over part first and second. The property benefits from a yard area to the rear.
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.
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 three interconnecting buildings offering a nightclub over ground and part first and self-contained offices over part first and second. The property benefits from a yard area to the rear.
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.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground Mezzanine and First
Nightclub Nightclub/ Ancillary
1,984.36 sq m 483.67 sq m
(21,360 sq ft) (5,206 sq ft)
RANIMUL 6 LIMITED guaranteed until 2015 by The Luminar Group Limited (1) (t/a Liquid & Envy Nightclub) (2)
25 years from 24/06/2001 until 23/06/2026 on a full repairing and insuring lease
£150,000
2017 and 2022
First Second
Office Office
268.02 sq m 317.54 sq m
(2,885 sq ft) (3,418 sq ft)
VACANT POSSESSION
Totals
3,053.59 sq m
(32,869 sq ft)
£150,000
(1) Luminar entertainment trades 53 of the largest nightclubs in the UK and have the largest square footage of nightclub capacity in the country. The venues are divided into various brands, of which the main ones are Oceana, Liquid and Lava & Ignite. (Source: www.luminar.co.uk 10/06/2013) (2) Liquid & Envy Nightclubs operate 18 venues across the UK. Since its launch in 2006, Liquid & Envy Leicester has cemented its status as being one of the best nights clubs in town. (Source:www.liquidclubs.com 10/06/2013)
