Free of Tie Bar Rest Reduced For Sale

Business description

Advent Business Sales have been instructed to offer for sale this free of tie public house/restaurant business.

Established 6 years ago and in the hands of the current vendors since 2003 it is now reluctantly offered for sale due to ill health.

The business is set across two floors with ground floor being a popular bar area with seating and standing room, pool table, TV projector and décor expected from a busy city centre bar.

The first floor consists of a 60 cover restaurant which has been recently decorated to a very high standard throughout and a further bar area.

Both floors of the premises benefit from air conditioning and a fully stainless steel well equipped industrial kitchen including a tandoor.

Although this is a leasehold business it is worth noting that this is a free of tie business.

ref:LE7031

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Current Lease: 10 years
Lease Remaining: 4 Years
Review every: 4 years
Annual Rent: £26000


We are advised that the annual business rates are currently: £12,000

Living accommodation:

BUSINESS PREMISES Attractive spacious premises with the added security of an alarm system and consisting of the following: Ground Floor - Entrance leading to bar area with comfortable seating, standing room, TV projector, pool table and gaming machines - Stairs from bar to first floor - Doorway leading to w/c’s and first floor - Doorway leading to industrial kitchen First Floor - Office - Bar area with standing room - 60 cover restaurant External - Paved to road at front

Location:

This bar/restaurant occupies a prominent corner location along a busy road with a high level of passing traffic in a densely populated area of Leicester

The locality is vibrant and bustling being close to the city centre and the university, the bar is located on the main shopping parade for the area and the population is a mix of professionals and students.

Leicester is a vibrant multi cultural city with excellent transport links including access to the M1, the A46 to the North and A6 to the South of the city

Other information

Expansion potential:

With the restaurant being a recent addition to the business this offers excellent potential for growth

Trading hours:

10am – 11.00pm 7 days per week

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