Commercial Investment

A two storey mid terraced shop in the ever popular Francis Street/ Allandale Road shopping district in the heart of Stoneygate. On a busy parade with a good selection of niche shops and service providers. An excellent footfall. The freehold interest is to be sold subject to the terms of a 6 year full repairing and insuring lease first granted on 1st January 2015 generating an annual income of £9,000 PA. Rent review after 3 years. Trading as a beauty salon.

Tenure

Freehold

Ground Floor

Retail area 14’4” x 11’0”, Inner Hall, Treatment Room One 11’7” x 7’9”, Reception Area 10’6” x 8’2”, Kitchen 6’4” x 6’0”, Cloaks/WC

First Floor

Landing, Treatment Room Two 11’7” x 11’0”, Treatment Room Three 9’10” x 8’4”, Treatment Room Four 9’2” x 8’2”

Outside

Garden to the rear served by a shared side pedestrian access.

Directions

Best approached by leaving the city on the A6 London Road. At the junction with Stoughton Road, turn left and take the second left on to Allandale Road. At the junction turn left on to Francis Street where the property can be identified on the right by the auctioneers 'for sale, board.

Viewing

By appointment with the Auctioneers. Tel: 0116 222 7575

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Leicester City Council

Solicitors

Lawson West, 241 Uppingham Road, Leicester, LE5 4DG, Ref: Ms Beverley Hayes, Tel: 0116 212 1000

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1200.00 (£1000.00 plus VAT)

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.