Commercial
£230,000
Commercial
Listed byPropertyZoom
PropertyZoom
Invest in a Fully Licensed Bar & Grill in Leicester
Leicester, Leicestershire, LE4 6PN, United Kingdom
Property TypeCommercial
TenureLeasehold
StatusActive
Floor Area—
Key Features
- BUSINESS LEASE FOR SALE
- WELL ESTABLISHED FULLY LICENSED BAR / GRILL & FUNCTION ROOM
- AN EXCELLENT REPUTATION & REVIEWS
- RESTAURANT COVERS 150
- FUNCTION ROOM COVERS 150 / 180
- BAR LICENSE TILL 2:00 A.M.
- PRIVATE CAR PARK TO REAR FOR 8 VEHICLES
- RENT: £35,000 P.A.
- GOODWILL / F & F: £230,000
- OPENING HOURS: 5:00PM - 11:00PM TUESDAY - SUNDAY
About This Property
Seize this unique investment opportunity with a well-established, fully licensed bar, grill, and function room located in the vibrant heart of Melton Road, Leicester City Center. The premises, benefitting from an excellent reputation and stellar reviews, provide a perfect setting for establishing a thriving business amidst a high-foot traffic area. It's strategically positioned near shops, restaurants, and boutiques, further increasing its appeal. The property boasts a substantial seating capacity, accommodating 150 covers in the restaurant and up to 180 covers in the function room. Additionally, it's equipped with a bar license permitting operations until 2:00 AM, ensuring maximum potential for revenue generation. Ample private parking is also available with space for up to eight vehicles, providing convenience and accessibility for your patrons. With a lease until 2034 and a projected annual rent increment set to an affordable rate, investors can expect sustainable growth while capitalizing on the cultural and commercial dynamics of the area. Whether you're enhancing your commercial portfolio or embarking on a new venture, the vibrant setting and proven track record make this property a promising investment opportunity.
Call about this propertyAsk about Invest in a Fully Licensed Bar & Grill in Leicester, availability, or viewing options.
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LE4 6PNProperty & area intelligence
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Rental enquiry
Running-Costs Calculator
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Estimated running costs£341 / mo
Annual running costs£4,092 / yr
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Your mortgage
Loan £184,000LTV 80.0% (band 80%)
Monthly payment
Repayment£613per month for 25 years
Interest only£0capital still owed at end of term
Total interest£0
Total repaid£184,000
First 10 years of repayment breakdown
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | £7,360 | £0 | £176,640 |
| 2 | £7,360 | £0 | £169,280 |
| 3 | £7,360 | £0 | £161,920 |
| 4 | £7,360 | £0 | £154,560 |
| 5 | £7,360 | £0 | £147,200 |
| 6 | £7,360 | £0 | £139,840 |
| 7 | £7,360 | £0 | £132,480 |
| 8 | £7,360 | £0 | £125,120 |
| 9 | £7,360 | £0 | £117,760 |
| 10 | £7,360 | £0 | £110,400 |
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