Millstone Lane, Leicester

Location

The property is located on Millstone Lane within Leicester City Centre, close to a variety of established bars, restaurants and late-night venues, benefiting from strong footfall and easy access from transport links.

Description

A well-known basement bar and nightclub premises located on Millstone Lane. The business recently ceased trading providing a rare opportunity to take over a fully fitted venue in a proven location. The property is arranged over upper and lower basement levels with the benefit of existing fixtures and fittings providing minimal fit-out costs and the ability to reopen in a short time.

The current layout is suited to a late-night bar or nightclub operation, and the space offers flexibility for operators wishing to re-brand or introduce a new concept, such as a cocktail bar, live music venue, or events space, subject to planning permission.

The property is available ASAP, early viewings are highly recommended.

Accomodation

All measurements are approximate:

Upper Basement:
Bar & VIP Seating: 1,052 sqft (97.7 sqm)
Dance Floor, DJ Booth & W/Cs: 1,124 sqft (104.4 sqm)
Seating Areas: 295 sqft (27.4 sqm)
Upper Basement GIA: 2,470 sqft (229.6 sqm)

Lower Basement:
Seating Areas, Bar, DJ Booth & W/Cs: 1,195 sqft (111 sqm)
Storage Room: 115 sqft (10.7 sqm)
Lower Basement GIA: 1,310 sqft (121.7 sqm)

Total GIA: 3780 sqft (351.5 sqm)

Rent

£35,000 plus VAT PAX (per annum exclusive)

Premium

£45,000 premium for goodwill, including fixture and fittings.

Rating Assessment

Description: Nightclub and premises
Charging Authority: Leicester City Council
Rateable Value: £64,000.00
Rates Payable: £30,720.00
Period: 1 April 2026 - present

Services

The services, fittings and appliances (if any) have not been tested by the agents.

Planning

We understand that the property has Sui Generis use with potential for other uses subject to obtaining planning consent. All enquiries regarding planning should be made direct to Leicester City Council planning department.

Lease Terms

We understand that the premises is available by way of a new lease on a full repairing and insuring basis for a minimum term of 3 years or longer, with 3 yearly rent reviews. A rent deposit equivalent to a quarters rent is payable and is to be held for the duration of the lease.

Legal Costs

The ingoing tenant is to be responsible for the landlord's reasonable legal costs for the preparation of the lease.

Viewings

Kal Sangra, Shonki Brothers Ltd
85 Granby Street, Leicester, LE1 6FB
Tel:
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