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5 East Gates, Leicester, LE1 5YA

To rent: £90,000.00 Per Annum|2774 Sq Ft|Retail, Office, General Retail, Retail - High Street, Restaurant/Cafes, Offices

PROPERTY DETAILS

TO RENT£90,000.00 Per Annum
SIZE2774 Sq Ft
ADDRESS5 Eastgates, Leicester, LE1 5YA
TYPERetail, Office, General Retail, Retail - High Street, Restaurant/Cafes, Offices
TENURETo Let
POSTED ON19th March 2020

DESCRIPTION

A Victorian three-storey mid-terrace retail building located on the prime pedestrianised pitch of East Gates, which adjoins Gallowtree Gate and High Street and directly opposite the Highcross Shopping Centre Entrance.

Total NIA approx. 2,774sqft (257.7sqm)

Situated opposite the Highcross Shopping Centre

Nearby occupiers include; McDonalds, Tim Hortons, Carphone Warehouse, Urban Outfitters and Virgin Money

Rent £90,000 per annum exclusive

Location
The property is located on the prime pedestrianised pitch of East Gates, which adjoins Gallowtree Gate and High Street, The main retail pitches in Leicester city centre. In terms of footfall, East Gates is utilised as one of the key routes for pedestrians moving between the Highcross Shopping Centre, Haymarket Shopping Centre and Gallowtree Gate. Nearby retailers include Five Guys, McDonald's, Tim Hortons, Carphone Warehouse, Urban Outfitters, TK Maxx and Virgin Money.

The property is positioned directly opposite the Highcross Shopping Centre, the former Shires Shopping Centre, which comprises 1.2m sq ft with over 140 stores anchored by John Lewis and Debenhams. Other tenants in the scheme include the newly relocated Zara, JD Sports, Reiss and Hugo Boss.

Description
The property comprises a Victorian three-storey mid-terrace building of solid brick construction beneath a dual pitched roof covered in slates, incorporating a flush fronted timber-framed shop front at ground level, with timber-framed sash windows to the upper floors. Internally, the property has been arranged to provide flexible retail accommodation at ground level with ancillary / staff storage accommodation over basement, first and second floors.

Accommodation
Basement:
83.4sqm 898sqft

Ground floor:
88.7sqm 955sqft

First floor:
43.8sqm 471sqft

Second floor:
41.8sqm 450sqft

Total 257.7sqm 2,774sqft

Measurements are quoted on a Net Internal basis in accordance with the RICS Property Measurement Second Edition

Services
We understand all mains services are connected to the property, save for gas.

Planning
The premises is understood to have an authorised planning use within Class A1 (Shop) of the Town and Country Planning (Use Classes) Order 1987 (as amended). The property may be suitable for other uses, subject to planning consent, and interested parties are advised to speak with Leicester City Council on 0116 454 1000.

Tenure
The premises are available by way of a new fully repairing and insuring lease for a term of years to be agreed.

Rates
The property is currently listed as Shop & Premises and has a rateable value of £72,000.00
Source: Valuation Office Agency

Rent
£90,000 per annum exclusive

VAT
The property is currently listed as Shop & Premises and has a rateable value of £72,000.00
Source: Valuation Office Agency

Legal Costs
Each party is to bear their own legal costs incurred.

Viewing
Viewings are by appointment with Readings or with the joint agents Innes England.

Readings Property Group
Hassan Gaffar (0116 2227575 / 0116 204 6164)
hgaffar@readingspropertygroup.com

Innes England
Joe Reilly & Aman Verma (0116 255 5455)

jreilly@innes-england.com
averma@innes-england.com

LOCATION

Location: 5 Eastgates, Leicester, LE1 5YA

Leicester (0.5 miles)

South Wigston (3.5 miles)

Syston (4.7 miles)

AGENT'S DETAILS

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