St Johns, Warwick

LEASE FOR SALE (by assignment)
Hot Food Takeaway Retail Unit, together with Self Contained First Floor Two Bedroom Accommodation

St Johns - is a popular parade of shops situated between Warwick and Leamington Spa off the Coventry Road. Adjoining occupiers include William Hill, Co-Op Funeral Service, One Stop, Domino's, Subway and St Johns Fish Bar.

Description - Ming Kee Chinese Takeaway has been operating from this location as a family run business from the 1970's. The lease is available due to retirement and the property's lease is being sold as seen with all existing fixtures and fittings.

The property comprises a ground floor lock-up shop with hot food takeaway use, together with separate self-contained two bedroom first floor accommodation.

Accommodation - Internal Frontage 5.36m with fully glazed window to the front
Open Plan Sales Area with Servery Counter and Kitchen behind and further Wet and Dry Stores to the Rear, together with WC.
Access to rear service area.

Retail Area - 370 sq.ft. (34.39 sq.m.)
Kitchen - 182 sq.ft. (16.92 sq.m.)
Rear Stores Area
Separate WC

Total Net Internal Floor Area 552 sq.ft. (51.28 sq.m.)

Existing Lease - The premises are available by way of assignment of the balance of the 15 year lease from 29th September 2012, which expires on the 28th September 2027. The lease is within the Landlord & Tenant Act as regards security of tenure and, as such, any tenant will benefit from rights to renew.

Current Rent - The current rent is £17,000 per annum exclusive.

Terms - Offers are invited for the benefit of the lease and the existing fixtures and fittings. The property is being sold as seen to include all of the existing fixtures and fittings to include kitchen equipment, refrigerators, freezers and storage units, etc. Any personal items are excluded from the sale.

Vat - All prices and rents are quoted exclusive of VAT, which may be payable in addition.

Legal Costs - The ingoing tenant is to be responsible for the tenant's legal costs, together with any costs charged by the Landlord in respect of approval of the assignment, preparation of Licence to Assign, together with any stamp duty (if this should be payable).

Rateable Value - The current rateable value of the shop premises is £11,500.

Energy Performance Certificate - The current EPC rating is TBC. A full copy of the Energy Performance Certificate is available upon request.

Viewing - Strictly by appointment with the sole Letting Agents:

Peter Clarke
(option 5)