Fantastic opportunity to acquire a lease on this well presented A3 Café/Restaurant unit in a very sought after and popular location close to the City Centre. The property boasts both inside and outside customer seating as well as fully operational commercial kitchen with extraction and disabled W/C facilities.
Situated opposite College Green and the Royal Marriott Hotel at the foot of Park Street and within close proximity to The City Centre. The property is very well located with a great passing trade.
The property benefits from A3 planning consent for Cafe/Restaurant. Application reference number: 13/01934/F
Available by way of an assignment of the current tenants lease running until December 2023 with a rent review December 2018.
There is an ingoing premium sought of £59,950 to include fixtures and fittings (inventory available on request from the office).
We are informed there is an annual Service Charge payable of £600-£700 as well an a contribution toward insurance of approx. £300 per annum.
The floor plan is provided for indicative purposes and is not to be relied on.
All figures quoted are exclusive of vat unless otherwise stated. We are informed VAT is applicable on this property.
The rateable value as per the VOA website from Apr 2017 is £22,500. We are informed the current tenant pays approx. £10,300 per annum although interested parties are advised to contact the local authority to confirm eligibility for any possible rate relief.
The ingoing tenant will be charged an application fee of £200 plus VAT (£240 inc VAT) towards the costs incurred in undertaking appropriate credit and reference checks. The assignment of the lease will be subject to landlords approval.
As an actively trading business, viewings are strictly by appointment with Maggs & Allen.
Maggs & Allen use all reasonable endeavors to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.