Summary - Blaby Road, Oadby And Wigston, LE18 LE18 4PA
1 bed 1 bath Restaurant
**Standout Features:**
- Fully licensed bar/restaurant with a seating capacity of 50.
- Established business with excellent reviews and strong reputation.
- Current rent at £15,000 per annum plus goodwill and fixtures & fittings valued at £70,000.
- Prominent location in South Wigston, Leicester, surrounded by various shops and amenities.
- New lease available on request.
**Notable Concerns:**
- Only 3 years remaining on the current lease, which may pose financing challenges as mortgage lenders are likely to refuse lending on this property.
- High crime rates in the area may be a consideration for some buyers.
Located in the bustling heart of South Wigston, this well-established fully licensed bar and restaurant is a prime investment opportunity for aspiring business owners. With a cheerful seating capacity of 50 and a current annual rent of £15,000, this venue has built an excellent reputation, making it a popular destination for both locals and visitors alike. The business boasts strong potential for increased turnover, given its vibrant trading position surrounded by shops and restaurants.
However, it's crucial to note that the lease has only 3 years remaining, which could be a hurdle for potential buyers seeking financing options, as lenders may be hesitant to approve a loan under these circumstances. The property is available with goodwill and fixtures valued at £70,000, plus a new lease can be negotiated upon inquiry. Seize this chance to step into a thriving business environment—opportunities like this don’t last long!
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