Rathods Property Centre - Property details

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Melton Road, Leicester, LE4 Restaurant To Let in Leicester

£75,000 Annually

Property reference: MER-1HLK12FWV49
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Property overview

Introduction

Rathods are pleased to offer this well established restaurant & exciting project for sale. The current business has been successfully trading over 30 years now with an excellent reputation and reviews. This vibrant restaurant is located within a prominent trading position on Melton Road in Leicester City Centre. The site is located to the North of Leicester city. The restaurant has a seating capacity of for 160 covers over two floors. Seating for the majority is located on the ground floor with some first floor seating. Total site area is 11,850 Sq meters or 1.185 hectares.

Description

Rathods are pleased to offer this well established restaurant & exciting project for sale. The current business has been successfully trading over 30 years now with an excellent reputation and reviews. This vibrant restaurant is located within a prominent trading position on Melton Road . The site is located to the North of Leicester city. The restaurant has a seating capacity  for 160 covers over two floors. Seating for the majority is located on the ground floor with some first floor seating. Total site area is 11,850 Sq meters or 1.185 hectares.  The site has a planning permission approved for Redevelopment of site to provide 125 Bedroom hotel with conference facilities (Class C1); Banqueting Hall (Class D1); Restaurant (Class A3); Shop (Class A1); Demolition of existing restaurant (Class C3).


RENTAL: £75,000 P.A.

PLUS GOODWILL / F& F: £500,000


FOR SALE PRICE: £4.5m

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Features

  • WELL ESTABLISHED RESTAURANT & EXCITING PROJECT FOR SALE / RENT
  • 160 COVERS OVER TWO FLOORS
  • FULLY FITTED
  • NEW LEASE FOR TERM TO BE AGREED
  • VEGETARIAN INDO- CHINESE RESTAURANT
  • PARKING FOR 80 CARS
  • RENT: £75,000 P.A.
  • GOODWILL: £500,000
  • FOR SALE PRICE: £4.5m
  • PLANNING APPROVED FOR 125 BEDROOM HOTEL WITH CONFERENCE FACILITIES, BANQUETING HALL, RESTAURANT & SHOP

Parking

  • Rear
  • Private

Heating

  • Double Glazing
  • Gas Central

Entrance Floor

  • Ground Floor
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