Let on a long lease for 15 years until 2037 t/a Pepe's
Total approximate floor area of 638.20 sq m (6,865 sq ft)
Prominent city centre location on pedestrianised Market Street
Within walking distance to Leicester Railway Station
Nearby occupiers include McDonalds, Tesco Express, Pragnell Jewellery and a mix of bars, restaurants and Hotels
Lot 36
Auction 30th October 2025
Rent £27,500 per Annum Exclusive
Status Available
Guide* £250,000 - £275,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
25 miles south of Nottingham, 38 miles north-east of Birmingham
Roads
M1, M69, A6, A50, A47
Rail
Leicester Railway Station (1 hour 8 mins to London St Pancras International)
Air
Nottingham East Midlands Airport
Situation
The property is prominently located on Market Street close to its junction with Belvoir Street, a popular pedestrianised thoroughfare in Leicester City Centre. Nearby occupiers include McDonalds, Tesco Express, Pragnell Jewellery and a mix of bars, restaurants and Hotels.
Tenure
Freehold.
Location
Miles
25 miles south of Nottingham, 38 miles north-east of Birmingham
Roads
M1, M69, A6, A50, A47
Rail
Leicester Railway Station (1 hour 8 mins to London St Pancras International)
Air
Nottingham East Midlands Airport
Situation
The property is prominently located on Market Street close to its junction with Belvoir Street, a popular pedestrianised thoroughfare in Leicester City Centre. Nearby occupiers include McDonalds, Tesco Express, Pragnell Jewellery and a mix of bars, restaurants and Hotels.
Tenure
Freehold.
Description
The property comprises a substantial four storey period building providing ground floor retail accommodation with ancillary accommodation on the upper three floors and basement.
VAT
VAT is applicable to this lot.
EPC
Band C
Description
The property comprises a substantial four storey period building providing ground floor retail accommodation with ancillary accommodation on the upper three floors and basement.
(1) Pepe's Piri Piri are a fast food shop restaurant operating from 239 locations across the UK (www.pepes.co.uk) (2) The lease provides a Tenant option to determine on 18/08/2027. (3)The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
