1 October 2025: Wednesday 01 October 2025 - 9:00am
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    Key features

    • Let to Tesco Stores Ltd on a 15 year lease from June 2022
    • Pedestrianised City Centre location
    • Close to the Highcross and Haymarket Shopping Centres
    • Investment Let at £65,000 p.a. (8.13% GIY on guide)

    Description

    A prominent corner building comprising of a convenience store investment let to Tesco Stores LTD on a 15 year lease from June 2022 at £65,000 p.a.

    Tesco stores Limited has been given a '5A2' D&B Rating and is owned by it parent company Tesco PLC

    Additional information

    Tenure

    Leasehold 999 year - Peppercorn

    Accommodation

    Ground Floor - Approximately - 4,208 sq ft (390 sq m)

    Tenancy

    Let to Tesco Stores LTD on a 15 year lease from June 2022 at £65,000 p.a.

    We understand the lease contains a tenant only break at 24/06/2032

    With the next scheduled rent review being 24/06/2032

    Rent

    £65,000 p.a.
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is situated in a prominent corner position on pedestrianised Humberstone Gate at its junction with Charles Street, in the heart of the city centre. The property is in close proximity to the major 120 unit Highcross Centre, anchored by John Lewis, Debenhams and House of Fraser and adjacent to the Haymarket Shopping Centre. Other nearby occupiers include Primark, H&M, Marks & Spencer, Caffè Nero, Boots the Chemist, Pandora, Clarks and Superdrug.

      Transport

      Road: Good road links via the A6, A47, A563 AND M1. Approximately 30 miles south of Nottingham, 45 miles north-east of Birmingham.

      Rail - Leicester Railway Station

      Airport - East Midlands Airport

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums