Summary - Melton Road, Leicester, LE4 LE4 5EE
1 bed 1 bath Restaurant
**Standout Features:**
- Established bar/grill with function room in prime location
- Seating capacity: 150 in the restaurant and 150/180 in the function room
- Private car park for 8 vehicles
- Licensed until 2:00 AM
- Goodwill and fixtures & fittings for £230,000
- Currently renting at £35,000 per annum
**Concerns:**
- Leasehold with only 11 years remaining
- High crime rate in the local area
Discover a fantastic investment opportunity with this fully licensed bar and grill situated on bustling Melton Road in Leicester. This vibrant venue boasts a generous seating capacity, catering to 150 patrons in the restaurant and 150/180 in the versatile function room, ideal for gatherings and events. With a bar license extending until 2:00 AM and a private parking area for 8 vehicles, this space invites nightlife and social gatherings, enhancing its appeal to potential owners.
While the established business enjoys a solid reputation, buyers should note the short remaining lease of 11 years, which may pose challenges in securing financing. Additionally, the local area has a higher-than-average crime rate, which could impact foot traffic and community perception. Nonetheless, with an opening window of operational hours and highly rated nearby amenities, this property offers substantial renovation potential and a chance for strategic growth in a multicultural environment. Don’t miss out on the chance to own a piece of Leicester's vibrant dining landscape!
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