Former Walkabout, 17 Belvoir Street, Leicester, LE1 6SL | Property for lease | Savills
17,552 sq ft
£85,000($159,613)
per year

Former Walkabout17 Belvoir Street, Leicester, LE1 6SL


    Key features

    • Freehold pub with vacant possession
    • New free of tie lease
    • Prominent Leicester town centre location
    • Potential for substantial turnover
    • Property arranged over four levels extending to c17,552 Sq Ft (1,630 Sq M)
    • Mid-terrace property with access from Belvoir Street
    • Pavement licence to the front elevation
    • Vacant first and second floor providing the potential for alternative uses subject to the necessary consents
    • Property benefits from a 3am premises licence all week
    • Guide Price: Offers in excess of £750,000 + VAT

    Vacant public house in Leicester for sale or to let extending to c17,552 Sq Ft

    About this property

    • Description
      The Former Walkabout comprises the basement, ground, first and second floors of a substantial end of terrace building with painted rendered and brick elevations beneath both pitched and flat roofs.

      Accommodation
      Ground Floor
      The ground floor provides an open plan trading area with the main bar to the side and seating on loose tables, chairs and benches for 160 customers. Ancillary areas comprises customer WC’s, trade kitchen and a number of stores.

      Basement
      There are two basements at the property which provide the cellar and stores.

      First Floor
      The first floor is split in to two areas and comprises the staff room, staff WC’s, office and managers flat which provides one bedroom, bathroom and kitchen/living room. There is a former factory to the rear which is currently vacant.

      Second Floor
      The second floor comprises the former factory that is currently vacant.

      External
      Externally, there is a seating area to the front of the property for 12 customers, which is held by way of a pavement licence.

      Tenure
      The property is held freehold (Title Numbers LT323772 & LT26154).

      Premises Licence
      The property benefits from a premises licence permitting the sale of alcohol on the following times:

      Monday to Saturday: 9:00am to 3:00am
      Sunday: 11am to 3:00am

      Planning
      The property is neither listed nor situated within a Conservation Area.

      EPC
      B-39

      Rateable Value
      £104,500

      Terms
      Offers are invited in excess of £750,000 plus VAT for the benefit of our client’s freehold interest. Alternatively, rental offers are invited in excess of £85,000 per annum for a new free of tie lease on terms of be negotiated.

      VAT
      The property is elected for VAT which will be chargeable in addition to the purchase price and rent.

      Fixtures & Fittings
      The fixtures and fittings can be included by way of separate negotiation.

      Money Laundering
      Prospective purchasers/tenants will need to provide proof of identity and residence as part of Savills mandatory anti money laundering checks.

      Viewings
      All viewings must be arranged strictly by appointment with the sole agent Savills and under no circumstances should any direct approach be made to any of the pub staff.

    Local information

    • Located in the city of Leicester, 11.5 miles (18.5 kilometres) south of Loughborough and 38.6 miles (62.1 kilometres) east of Birmingham.
    • The Former Walkabout is situated on Belvoir Street within central Leicester, forming part of a busy and established leisure circuit. Nearby notable operators include The Knight & Garter (Everards), O’Neill’s (Mitchell & Butlers) and Hogarths (Amber Taverns). Leicester Train Station lies approximately 0.5 miles to the south‑east, providing East Midlands Railway services to London St Pancras in around 1 hour and 11 minutes.

    Energy performance

    B (39)

    Available space

    Namesq ftsq mAvailability
    Basement - Basement 177071.54Available
    Basement - Basement 21,790166.30Available
    Ground7,485695.38Available
    1st7,507697.42Available