LOT 18

Queens Building, Rutland Street, Leicester, Leicestershire, LE1 1RE

A WELL LET COMMERCIAL INVESTMENT PROPERTY COMPRISING THE GROUND FLOOR OF AN HISTORIC BUILDING IN THE HEART OF LEICESTER'S CULTURAL QUARTER EXTENDING TO APPROXIMATELY 4,745 SQ FT (441 SQ M) AND CURRENTLY PRODUCING £60,000 P.A.

Result: Sold after auction for an undisclosed amount Guide price: £550,000 PLUS*

Auction Date

Tuesday, 14th July 2020 12:00pm

The property is the centerpiece of Leicester’s Cultural Quarter being a true representation of the regeneration of the area’s beautiful historic buildings balanced by the stunning Curve theatre directly opposite. Being in the heart of the Cultural Quarter the property is close to the Phoenix Digital Arts Centre and a wide variety of independent bars and restaurants. There is easy access to the city’s retail core, the railway and bus stations and ample car parking. The area is also developing as a hotbed for arts and media businesses many of whom grow from the LCB Depot incubator units on Rutland Street.

Tenure

Virtual Freehold (999 years from 2020)

Accommodation

The property was restored from its dilapidated state in 2018 and fitted out to provide a high-class bar and restaurant for the former Queen Victoria Arts Club.

A staggering fit-out has created a beautiful ground floor restaurant/ bar/club with huge display windows overlooking the Curve theatre.

There is an equally well fitted bar/ restaurant area to the basement

Ground Floor 2,702 sq.ft.
Basement 2,043
Total 4,745 sq.ft.

Tenancy Details

The property is let by way of a new 10 year lease with no breaks at a rental of £60,000 pa exclusive. The lease is backed by both Personal and Company guarantors.

Note

Auction Surveyor:
Andrew Brown: 020 8509 4470

Status

Sold after auction for an undisclosed amount

Joint Auctioneer

Adam Burdett

For viewings please contact: Adam Burdett at Intali on 0116 3651111

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.