Orwell Place, Ipswich, IP4

Location

The premises is situated in a fantastic trading location within the town centre along a street that provides lots of passing trade and a car park diagonally opposite.

Tenure

We are advised there are approximately 8 years remaining on the lease at a current rental of £25,000 per annum exclusive.

Premises

An imposing property with double doors leading into the premises which measures approximately 1,850 sq. ft. and is arranged as follows:



RESTAURANT/BAR AREA with high ceiling, ceiling fan, hanging lighting, laminate flooring, air conditioning and sound system throughout. To the right hand side of this area is 8 seated covers and 3 x bar stools; to the left hand side is 3 lounge chairs, and 2 x bar stools. To the back left of this are ais a bar behind which is equipped with 2 x triple display fridges, double display drink fridge, till system, draft beer tap, glass washer, kettle, ice bucket and alcohol display. A little opening from behind the bar area is a STORE ROOM which runs the length of the property down the left hand side with ice machine, wash hand basin, wine racking and shelving.

Kitchen

A stair case from the store leads to a commercial KITCHEN which is equipped with large double stainless steel fridge, large upright fridge, dishwasher, large chest freezer, double stainless steel sink, commercial extractor system, six burner range, another six burner range, twin basket fryer, single basket fryer, stainless steel prep table with under counter refrigeration, 4 microwaves, blender, chest freezer, fridge and stainless steel sink.

Seating Area

There is a staircase at the rear of the bar area leading up to a raised SEATING AREA which is currently arranged to provide 31 covers but could easily accommodate more if required. There are separate ladies and gents WC facilities. A further SEATING AREA 2 has hanging fans, feature beams and currently arranged to provide 25 covers but could easily accommodate more if required.

Trading Hours

Tuesday - Sunday 5 pm - 10 pm Closed on Monday. The premises is licenced for the sale of alcohol between the hours of 10 am until 12 am Monday - Saturday and 10 am - 11:30 pm on Sunday. The premises also benefits from a live music licence on those same hours.

Staff

The business is run by the vendors on a full time basis, with the assistance of 4 part time members of staff

Turnover

We are advised turnover averages approximately £2,000 per week.

Business Rates

The premises is subject to a rateable value of £16,500 and we are advised the rates are payable at around £2,058 per annum

Legal Cost

Each party to be responsible for their own, with the landlords legal cost split 50/50.

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.