AiA are delighted to present to the market Pepe’s Piri Piri, a fully operational franchise business for sale in Market Street, Leicester LE1 6DN.
The unit occupies a prominent position in Market Street, a popular retail high street and thoroughfare in the centre of Leicester. The property is surrounded by a mixture of national and locally trading occupiers.
Most notable occupiers are Caffe Nero, Greggs, Subway, McDonalds, Slug & Lettuce, Fat Face, RBS and Nisa Local. The business is a short walk from the Highcross Shopping Centre and Gallowtree Gate, another very popular retail destination in Leicester.
The property comprises a 4-storey, terraced block with the restaurant unit at the ground and 1st floor level and 2 flats above which are currently being used as storage. The main restaurant space is on the ground and first floor and benefits from a complete and generous franchise fit out to a very high standard.
Basement: 388sqft (36.1sqm)
Ground floor: 769sqft (71.4sqm)
First floor: 646sqft (60sqm)
Second floor: 315sqft (29.2sqm)
Third floor: 206sqft (19.1sqm)
Total: 2324sqft (215.8sqm)
Current rent: £27,500 per annum
Lease expiry: 2032
Rateable value: £23,000 (rates payable £11,270 per anuum)
Average turnover: £11,500 per week (approx)
For further information or to arrange a viewing please contact our Administrator:
T: 0141 221 2600
Alternatively, please contact our Surveyor:
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.