01892 552 500 01892 552 500Location
This restaurant is situated in a prominent town centre position close to The Royal Victoria Place Shopping Centre.
Description
A restaurant arranged entirely over the ground floor, with a small bar area, kitchen, stores and WC. Scope to extend or create rear courtyard area – subject to all the necessary consents.
Covers
53 covers plus bar area.
Tenure
Leasehold – a little under 10 years remaining. The lease has Landlord & Tenant Act protection with respect to security of tenure.
The lease is drawn up on a full repairing and insuring basis.
Rent
Current passing rent of £31,800 per annum, exclusive of all other outgoings.
Guide Price
£89,950 – for the leasehold interest and goodwill to include all fixtures and fittings.
Business Rates
On application
Legal Costs
Each party to be ultimately responsible for their own legal fees, with those of the landlord, to process the assignment, being shared equally.
Our client will require an undertaking for their legal fees and those of the landlords, should a prospective assignee / purchaser, withdraw from the transaction.
Viewing Arrangements
As this sale is confidential, named parties will need to book an appointment through our office.
