Property Features:
Comprises large ground floor restaurant with function room at first floor
Family run business since 2005. Lease sale due to a retirement.
VAT is applicable to this property
Comes fully equipped as seen on pictures
Property benefits from disabled lift between ground and first floor
Opening times 12pm-11pm on Monday-Saturday and 12pm-10pm on Sunday
Total area size 788 sq m (8,480 sq ft)
Occupiers close by include McDonalds, Tesco Express, KFC, Nando`s, Taco Bell and Premier Inn, amongst many others.
Property Description:
Comprises large ground floor restaurant with function room at first floor. The restaurant has been successfully run since 2005 and is now for sale due to a retirement. The property provides the following accommodation and dimensions:
Ground Floor: Entrance Lobby, Reception, Bar, 4 Restaurant Sections with 150+ covers in total, Full Commercial Kitchen, Disabled and Elderly WC, Disabled Lift to First Floor, Waiter and Service Sections, Storage
First Floor: Open plan function room, Bar, Preparation Kitchen, Staff Rooms, Storage, Male/Female WCs
Terms:
Lease assignment. The property is offered on the following terms:
Term: 10 Years from 7th August 2020 until 6th August 2030
Rent: £2,307.69 per week (PCM: £10,000) paid quarterly in advance
Rent Review: Open market rent review on 7th August 2025
Premium: £150,000
Premium can be paid in instalments.
Rateable Value:
Rateable Value - £75,500
Rates Payable - £19,328 (1st Apr 2022 - 31st Mar 2023)
EPC:
The property benefits from a C Rating. Certificate and further details available on request.
