Circa 2,700 sq ft - A1 retail space - Loughborough LE11

Circa 2,700 sq ft – A1 retail space – Loughborough LE11

To Let £32,500


  • LOCATION

  • Loughborough is a well known University town, situated between Nottingham to the north and Leicester to the south.
  • The town has good connectivity to the M1 motorway Junction 23, approximately three miles to the west. The property is situated between Market Street and Packe Street, access provided via Packe Street for parking and services. Market Street is a pedestrianised area with an mixture of residential, leisure and retailing occupiers.
  • Good road and rail links to surrounding towns and cities, with the M1, M42 and M69 / M6 all within a 20-mile radius and direct rail access to St Pancras station.

  • DESCRIPTION

  • Located on the ground floor of a 2 storey town centre property. The upper floors are in for planning permission for residential conversion. The ground floor has been split into 2 spaces with rear door access for deliveries.

  • ACCOMMODATION

  • The space offers circa 2700 sq ft of rectangular space taken to a basic fit out with existing lighting and flooring, with w/c and store room. The unit benefits from a small kitchenette within the retail trading area.

  • AMENITIES

  • The property is located in the town centre of Loughborough within walking distance to local shops and other town centre amenities.

  • SERVICES

  • We are advised that all mains services are connected to the property. These services have not been inspected or tested by the agent.

  • TERMS

  • Offered for let on new lease terms at an initial passing rent of £32,500 per annum plus VAT.
  • 10 year lease term with 5 year break clause on fully repairing and insuring terms or 5 year straight lease.
  • Plus landlords insurance and management charges at 5%.

  • OUTGOINGS

  • The property will need to be re rated once the ground floor space is split and the first floor space is converted.

  • VAT

  • We are advised that VAT will be chargeable on the Rent and on any Service charges and Landlords Insurance contributions required.

  • LEGAL COSTS

  • Both Parties will be responsible for their own legal costs.

  • PARKING NOTES

  • Limited car parking to the rear, possibly 1 spaces maybe included for business owners once the first floor development works are concluded.

  • OTHER

  • P & F Commercial is the trading name of F & P Partners Ltd and was formerly known as Moores Commercial. All emails sent to Moores Commercial will be forwarded to P & F Commercial and all data held by F & P Partners Ltd. will remain unchanged by the rebrand.

  • VIEWING

  • Strictly by prior appointment via the sole agents P & F Commercial Tel: 01664 431330 or via email office@pandfcommercial.com


    Property Details

    • Reference: 10583
    • Type: Retail
    • Status: To Let

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