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La Follia 3b La Follia Monson Road Tunbridge Wells, TN1 1LS

Retail for rent

£393Per Sq Ft
£156,000
Per annum
397Sq Ft
Space

A small restaurant premises situated in a busy retail parade, comprising an open plan front seating area, with 22 covers, and an 'open' kitchen beyond.

There is a side corridor serving a rear WC.

The current license allows opening times between 6.30am to 12.30am.

The sale will include all current fixtures, fittings and equipment (except a few personal items - details on request).

Floor Areas

Restaurant - 22.04 sq m (237 sq ft)

Kitchen - 14.88 sq m (160 sq ft)

Total useable space - 36.92 sq m (397 sq ft)

Tenure

Leasehold.

The salient lease terms are as follows:-

Lease Term - A new lease, effective 27th October 2019, is currently being signed although the salient terms are as below:

Current Rent - Year 1 - £13,000 pa, Year 2 - £14,000 pa, exclusive of all other outgoings and subject to VAT.

Repairs - To keep the internal area in keep in good repair and condition.

Alienation - Ability to assign or underlet the whole premises.

Use - A3 Restaurant or A1 Retail

Price

Offers invited in the region of £30,000 for the leasehold interest, fixture, fittings and equipment.

Business Rates

The rateable value is £16,750. Interested parties should clarify the rates payable directly with the local authority -

Service Charge

Details on application.

Legal Costs

Each party to ultimately be responsible for their own costs, with those of the landlords being shared equally. An abortive undertaking shall be required for all costs from the prospective purchaser / tenant.

Viewing Arrangements

Strictly by appointment and accompanied as the business is trading.

• Subject to contract.

• Subject to receipt of accounts and references.

• A rent deposit may be required.

Property Details

Location: Tunbridge Wells

Description: A fully fitted restaurant lease for sale.

22 covers.

Town centre location.

Size: 397 sq ft

Tenure: Leasehold

Price: Rent - £13,000 pax. Price - Offers in the region of £30,000 for the fixtures, fittings, equipment and leasehold interest.

Rates: RV - £16,750

Service Charge: On application

Terms: Sale of leasehold interest & fixtures, fittings and equipment.

Listed Features

  • Restaurant
  • Use Class - A1
  • Open Plan
  • Kitchen
  • General Retail
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