RB Gates Nationwide are pleased to present this independent WEDDING & PARTY VENUE HIRE BUSINESS Lease in Leicester City Centre. The business has tremendous potential in the local area and comes FULLY LOADED with all the fixtures and fittings such as Tables, Chairs, Cutlery and Stages for DJ equipment / Bride & Groom seating for Photographs.
This Venue has the capacity to seat roughly ~450 people. Vendor confirms that recommendations are to place 22 tables of 10 persons on the ground floor. The Small balcony can seat up to ~80 people and the 1st Floor can seat up to ~200 people. We are informed that the whole venue for one evening can typically be hired for £1499.00 however most events consist of the ground floor and small balcony hire for quote: £1199.00. This would usually allow for 7 hours of use. This gives rise to a number of extra ADD-ONS which can then be charged such as:
- Extra hours of usage: £100 per extra hour
- Pearl Banquet Suite Package of +£3.00 Per Person for Chairs Covers, Table Covers, Hall Set-up, Plate / Knife / Fork / Glass Set. E.g. if there are 300 people then this would add an extra £900.00 to the total bill.
The business also includes the following within the price:
- Business name of ‘Pearl Banquet Suite’ including outside sign which is already attached to the building
- Social Media Accounts such as Instagram [440 Followers at 01/02/20] & Facebook Page [251 Followers at 01/02/20]
- Fully functional Website with pictures of events at the venue in the past
- FIXTURES AND FITTINGS such as tables, chairs, kitchen equipment, cutlery and CCTV alarm system [Not including Stereo & TVs]
Our clients have taken great pride in their business and we are informed they have spent a considerable amount of money on investing in this business allowing access to good quality fixtures, fittings and equipment (included within sale price). The property provides access to a reasonably sized kitchen area both upstairs and downstairs. The Venue also includes washroom facilities on the ground floor.
Tenure: LEASEHOLD [6 YEAR TERM] Commenced Sept 2018 [*Not Renewable*]
EPC Rating: TBC
Rent: £36,000 per annum (We are informed)
Council Tax: £450.00 PCM (with 30% discount) (We are informed)
Location: Unit G1, Kapital Building, Charter St., Leicester, LE1 3UD
Main Front Venue Area: 348.29 m2 [3748.96 ft2]
Kitchen to Rear: 58.34 m2 [627.96 ft2]
Glass Kitchen Area: 12.46 m2 [134.12 ft2]
Office: 10.21 m2 [109.89 ft2]
Cutlery Storage Area: 6.57 m2 [70.72 ft2]
Small Balcony: 84.23 m2 [906.64 ft2]
First Floor Rear Area: 202.78 m2 [2182.70 ft2]
First Floor Kitchen: 29.99 m2 [322.81 ft2]
BY APPOINTMENT ONLY with the Agents RB Gates Ltd T/A RB Gates, Nationwide. Viewing is highly recommended as businesses such as these rarely stay on the market for long. [NO TIME WASTERS PLEASE] [Please be aware that proof of finance will be required at early stages for qualification purposes]
Terms & Conditions
- Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing to a sale.
- General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
- Buyers Premium: A buyer’s premium of £750.00 will apply when purchasing this property.
- Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions using your own due diligence carefully before ordering carpets or any built-in fixtures and fittings.
- Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalizing their offer to purchase.
- Disclaimer: These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither RB Gates Ltd nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
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