Retail property (high street) to rent
Property description & features
- To let: ground floor retail unit
- A new development project of a substantial ground floor retail unit.
- Could be let up to 4 separate shops with a loading bay at rear.
- Total GIA: 2,384 sqft (222 sqm) approx.
- Located on The Golden Mile on the corner of Belgrave Road / Cooper Street.
Location
This property is located in a mixed commercial/residential area in Leicester's 'Golden Mile' on the corner of Belgrave Road and Cooper Street. This is claimed to be the highest concentration for Indian jewellery shops in the UK and is now a busy marketplace for cultural foods and fashion.
Description
A substantial ground floor retail space currently under development. The ground floor can be let as a whole or up to four separate shops with WCs and a loading bay/delivery parking at the rear.
All measurements are approximate:
Shop 1: 623 sqft (57.9 sqm)Shop 2: 563 sqft (52.3 sqm)Shop 3:418 sqft (38.8 sqm)Shop 4: 780 sqft (72.5 sqm)Total GIA: 2,384 sqft (222 sqm)
Rent
£80,000 pax for the ground floor, or available to let as individual shops. Rent for individual shops TBA.
Planning
We understand the property has Class E use with the potential for other uses subject to obtaining planning consent. All enquiries regarding planning should be made direct to Leicester City Council planning department on[use Contact Agent Button].
Lease Terms
We understand that the premises is available on a minimum 3-year FRI lease or longer. A rent deposit equivalent to a quarter rent to be payable and held for the duration of the lease, in a nil interest bearing client deposit account.There will be a service charge and a contribution towards the building's insurance.
Legal Costs
The ingoing tenant to be responsible for the landlord's reasonable legal costs for the preparation of the lease.
Rating Assessment
Charging Authority: Leicester City CouncilDescription:TBARateable Value:TBARates Payable:TBAPeriod- Please make your own enquiries in respect of the rating liability or business rate relief with Leicester City Council.
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