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Leisure/hospitality for sale

£20,000

Cavendish Road, Leicester LE2

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Property description

This is an excellent opportunity to lease attractive licenced premises in a popular residential area. The property currently trades as a Lithuanian-themed business with takings approaching £3,000 per week. The current lease runs until 2018 at a rent of £12,000 per annum. There is seating for around 45 people, an attractive beer garden and a large cellar. The sale will include all fixtures and fittings, goodwill and stock.

Situation

The property is situated on Cavendish Road which is a popular street running between Aylestone Road (A426) and Saffron Way (B5366). The area is characterised by high density housing providing an excellent customer base.

Description

The property comprises a ground floor public house with a beer garden to the rear and a beer cellar.

The premises currently trade as The Hunters Inn (Medziotoju Uzeiga in Lithuanian). There is seating for approximately 45 people and the accommodation includes the main public area, kitchen, wash-up area, beer cellar and staff and customer wc's.

Accommodation

The property has the following net internal floor areas which have been measured in accordance with the RICS Code of Measuring Practice.

Main area 102.0 sq. M. (1,098 sq. Ft.)
Kitchen 7.9 sq. M. (85 sq. Ft.)
Wash-up/store 8.5 sq. M. (92 sq. Ft.)
Beer cellar 96.3 sq. M. (1,037 sq. Ft.)

Services

The property is connected to main electricity, water and drainage services and the accommodation benefits from electric heating. There is no gas supply.

Please note that we have not tested any of the services/installations and we are therefore unable to give any guarantee of their reliability and working order.

The Business

The Lithuanian-themed business has an established wet and dry trade and was established in 2015. Trading figures show a weekly turnover of up to £3,000 with scope for further improvement. There are genuine reasons for the disposal which are mainly due to the proprietor having business commitments elsewhere.

Planning

The property has the benefit of Planning Permission for A4 Drinking Establishment use.

Business Rates

The property is described in the 2010 Rating List as Public House and Premises with a Rateable Value of £4,100. Within the Draft 2017 Rating List, which comes into effect from 1st April, 2017, the assessment increases to £7,050. However, under current regulations, there are no Business Rates payable.

Lease

The property is held under a Law Society Lease on internal repairing terms expiring on 3rd April 2018 at a current rent of £12,000 per annum.

Rent

£12,000 per annum.

Price

£20,000 for the goodwill, fixtures and fittings and stock.

Energy Performance Certificate

Rating F (130)

Costs

Each party are to be responsible for their own costs incurred in respect of the transaction.

Value Added Tax

VAT is not payable in respect of this transaction.

Possession

Vacant possession will be granted on completion of legal formalities.

Viewings

Viewings must be arranged through Andrew Granger & Co. Please contact Kevin Skipworth on or email

Property info

What Zoopla users think of Leicester

Overall rating:

  • currently 4 stars
Very good - 76% (514 ratings)

Ratings breakdown:

  • currently stars
Community & safety
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Entertainment & nightlife
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Parks & recreation
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Community & safety
  • currently stars
  • 1
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  • 5
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  • currently stars
  • 1
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  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
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  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
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  • 3
  • 4
  • 5
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  • 1
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  • 5
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  • currently stars
  • 1
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  • 5

Nearby transport

  • Leicester (1.4 miles)
  • South Wigston (2.1 miles)
  • Narborough (3.9 miles)
  • East Midlands Airport (17.1 miles)
  • Coventry Airport (22.1 miles)
  • Birmingham International Airport (27.9 miles)
  • West Lynn Ferry Landing (64.9 miles)
  • King's Lynn Ferry Landing (65.0 miles)
  • Sharpness Old Docks (83.7 miles)

Nearby schools

View all schools in Leicester
  • Knighton Fields Primary Academy (0.2 miles)
  • Granby Primary School (0.6 miles)
  • Marriott Primary School (0.7 miles)
  • Leicester College co Freemen's Park Campus (0.8 miles)
  • Wyggeston and Queen Elizabeth I College (0.8 miles)
  • Regent College (1.1 miles)
  • Millgate School (0.5 miles)
  • Sir Jonathan North Community College (0.7 miles)
  • The Lancaster School (0.8 miles)
Note: Distances are straight line measurements

Local info for Leicester

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For more information about this property, please contact
Andrew Granger & Co, LE1 on +44 116 448 9059 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Andrew Granger & Co, and do not constitute property particulars. Please contact Andrew Granger & Co for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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