A fully fitted and equipped restaurant premises occupying the ground floor area, however, there is also additional storage and basement level. There is a very large and prominent frontage with window display and double doors leading to the main restaurant area.
We have been advised that there are approximately 130 covers and the restaurant is fully fitted with a large bar and sinks. There is a fully catered kitchen with all the usual fixtures and fittings.
To the rear of the property, there are fully tiled ladies, gents, and disabled toilets.
Location
The premises are situated in the established and busy trading area of South Street close to the junction of Gildredge Road within a short level walk of the town centre with its mainline railway station and the Arndale shopping centre.
Term
The premises are currently held on a 20 year effective full repairing and insuring lease having 4 yearly rent reviews and with the current passing rental being £30,000 per annum exclusive of rates and all other outgoings.
Premium
Offers are invited in the region of £20,000 for the leasehold interest to include all the fixtures and fittings.
Details upon application.
Rates
According to the Valuation Office website the premises are described as:
Restaurant and premises
Rateable Value: £35,750
Payable for the year ending 31st March 2019 = £16,981.25
EPC
VAT
VAT may be chargeable on the terms quoted.
Legal Costs
Each party is to be responsible for their own legal fees.
Amenities
• Excellent trading location
• Lighting throughout
• Some outside seating area
• Fully fitted
• WC accommodation
Accommodation
Area Sq ft Sq m
restaurant 2,000 222.97
Viewing
For further information, email details or to arrange an inspection, please contact the agents:
Simon Hunt Mike Tingley
T: T: M: M: E: E:
Subject to contract sh/hc/07/18
Listed Features
- Basement
- Catering
- Effective FRI Lease
- Kitchen
- Office
- Restaurant
- Shopping Centre
- Storage
- WC Facilities