Pub to rentBar Ra Ra, Market Place, Grantham, Lincolnshire, NG31
£28,000 pa| £2,333 pcm
- Use class orders: A1 Shops, A3 Restaurants and Cafes, A4 Drinking Establishments and A5 Hot Food Take away
The property is located in the heart of Grantham's leisure pitch in the Market Place, surrounding uses to the unit are a mixture of leisure and retail uses with a number of independent and national operators.
Grantham is situated approximately 24 miles to the east of Nottingham and 26 miles to the south of Lincoln and has a population in excess of 41,000. In addition the town sits on the East Coast Mainline and has a shortest travel time of 1 hour.
The property comprises a mid terrace property with accommodation at ground and basement levels.
To the ground floor is a bar area with seating, cellar, glasswash and staff toilet. To the basement is a further bar area, dance floor and customer toilets.
The property is occupied by way of lease for a term of 10 years from 24/06/2013 at a passing rental of £28,000 per annum. The lease provides for 5 yearly upwards only rent reviews.
Full Trading, Profit and Loss accounts will be made available to seriously interested parties who have viewed the property.
A copy of the premises licence can be provided upon request.
Offers of £25,500 are sought for the benefit of the lease, fixtures and fittings and goodwill of the business.
The property is currently trading Thursday through to Saturday from 11pm to 3am. The business therefore provides for growth by extending the current trading hours.
From Enquiries with the Valuation Office web site, the property is assessed as follows
Rateable Value - £15,250
Rates Payable 2016/17 £7,579.25
Fixtures and Fittings
All fixtures and fittings will be included in the sale
Each party to be responsible for their own legal costs incurred in the transaction
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