Commercial property to rent

The restaurant is extensively and well fitted throughout and comprises 110 covers with extra bar seating. The bar is particularly well fitted and laid out with the modern kitchen behind the bar.
Externally there is a terrace area which is capable of taking 24 covers.

The business was set up by the present occupier who owns a long lease on the building. Current takings average £5,000 per week.

All trade fixtures and fittings are owned outright and are included in the sale, subject to an inventory,

Parking
Two reserved parking spaces

Licence
The property is licensed by the local authority. Under the Licensing Act 2003, properties such as this, serving alcohol, must have a designated premises supervisor who must hold a personal licence.

Lease
The property is being offered on the basis of a new full repairing and insuring lease, for a term to be agreed, subject to rent reviews and at an initial rent of £40,000 per annum, exclusive of rates. For the goodwill a figure of £125,000, subject to contract, is required.

Note
An Energy Performance Certificate is available for viewing at the Agents Office.

Property Ref:1_220_2212846