Restaurant to rent

Church Street, Oakham, Rutland, LE15

£75,000 pa| £6,250 pcm

Property Description

Commercial information

  • Use class orders: A3 Restaurants and Cafes, A4 Drinking Establishments and C1 Hotels

Letting information:

Letting type: Commercial

Full description

Tenure: Leasehold

Location

The property is situated in the town centre of Oakham, a bustling and expanding market town, with a large public school. Oakham is the county town of Rutland with a population of approximately 11,000.

It is within convenient travelling distance of Leicester, Grantham, Nottingham and Peterborough and situated approximately 9 miles due west of the A1 trunk road.

Description

The building is arranged over 3 floors, with the ground to offer a bar / restaurant area,
kitchen, hotel lobby, public WC's.

On the First Floor will be 9 lettings rooms, all en-suite, with a further 3 en-suite rooms on the Second Floor.

Accommodation

Ground Floor 3,120 Sq.Ft 290.00 m.Sq
Upper Floors: 2,367 Sq.Ft 220.00m Sq

Rental

A commencing rental of 75,000 per annum exclusive is sought for the property.

Tenure

The property is available by way of a new full repairing and insuring lease for a term to be agreed between the parties.

Alternatively, the freehold may be available, with offers in excess of 1,100,000 sought.

Use

Planning permission has been granted by Rutland District Council for the extension of the ground floor and the conversion of the upper floors to provide 12 en-suite letting rooms.

Business Rates

The property will be reassessed once the works have been completed

Legal Costs

Each party to be responsible for their own legal costs incurred in the transaction

Viewing
Strictly by appointment through the sole agents Oak Property Consultants or their joint agents Reid Commercial 01572 729050


More information from this agent

Nearest station

  • Oakham (0.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Oak Property Consultants, Nottingham

34 Shakespeare Street, Nottingham, NG1 4FQ

0115 798 0077 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Oakham (0.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Oak Property Consultants, Nottingham

34 Shakespeare Street, Nottingham, NG1 4FQ

0115 798 0077 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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