The property comprises a freehold Murco branded filling station, with Nisa branded convenience store, on a prominent 0.45-acre site. The filling station provides 4 islands with 24 pumps beneath the forecourt canopy. The convenience store has been recently rebranded as a Nisa Express, with modern store fit-out, following recent capital expenditure from the operator. The property also contains a hand car wash to the north of the site and ATM within the convenience store.
Location
The site occupies a prominent and highly visible position on St Peters Road, Leicester, 0.5 miles east of Leicester City Centre.
Leicester is the main commercial centre and administrative capital of Leicestershire. It is a rapidly growing city, with a population of approximately 369,000 (according to the 2021 census), rising by almost 12% over the last decade, outstripping the rate of growth in both the East Midlands and England as a whole.
Leicester is the largest city in the East Midlands and is strategically located within the centre of the UK providing excellent access to national road, rail and airport infrastructure.
The property sits within a densely populated residential area to the east of the city centre. There are extensive traffic flows along St Peters Road, as it connects with Leicester’s ring road to the west via Sparkenhoe Street, and provides local amenities including neighbourhood retailing, St Peter’s Health Centre, Sparkenhoe Primary School and St Peter’s Church.
Accommodation
Site Size - 0.45 acres
Terms
Tenure - The property is held freehold under title no. LT3299.
Offers - Offers in excess of £800,000 are invited for the freehold interest
Tenancy - The property is let as follows:
Tenant: Sterling Petroleum Ltd
Rent: £60,000 pa
Term: 10 years expiring 30/11/2033
Rent Review: 01/12/2028 Upwards-only to higher of passing rent and open market rent.
Repair: Full repairing and insuring
Planning - We understand the property has consent for its existing use. Interested parties are to rely on their own enquiries with the local authority.
Business Rates - The property is assessed as follows:
Petrol Filling Station and premises: £9,800
Hand Car Wash: £12,000
Advertising: £800
EPC - A is available within the Marketing Pack.
Marketing Pack - A Marketing Pack containing additional property information is available upon request.
VAT - Prices are quoted exclusive of VAT.
Costs - Each party to be responsible for their own professional costs incurred in the transaction.
Specification
- Prominent freehold filling station & convenience store investment
- Let until December 2033 with a passing rent of £60,000 p.a.
- Upwards-only rent review in December 2028
- Situated in densely populated residential area on edge of Leicester City Centre
- 0.4-acre site in highly visible and accessible location
- Site operated under Murco and Nisa brands
- Offers in excess of £800,000 invited for the freehold interest