A fully fitted and recently refurbished restaurant with additional residential accommodation above, in total approximately 3,000sqft. The ground floor provides approximately 90 covers, a large kitchen, cold store, beer cellar, male and female toilet facilities and disabled w/c. The upper parts provide a3 bedrooms, an office and a bathroom. The business is offered for sale and the profitable accounts are available for inspection on request. The property benefits from A3, A4 and A5 planning consent, and we are informed benefits from late night opening hours.
The restaurant is situated in a popular location on Gloucester Road where A3/Restaurant planning consent is highly desirable. Notable neighbouring occupiers include Sainsbury's Local, Boston Tea Party, The Anchor and the Tinto Lounge.
The floor plan is provided for indicative purposes and should not be relied upon.
All figures quoted are exclusive of VAT unless otherwise stated.
The rateable value with effect from April 2017 is £28,750.
The business/goodwill and inventory is offered for sale subject to a new Full Repairing and Insuring lease. Terms of the lease are to be agreed and each party are to incur their own respective legal fees.
A copy of the accounts and full inventory is available on request.
The ingoing tenant will be charged an application fee of £250 plus VAT (£300 inc VAT) towards the costs incurred in undertaking appropriate credit and reference checks. Accounts will be requested where available and a deposit and/or personal guarantee may be required.
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen has not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.
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.