A very well presented and fully fitted café comprising a main customer seating/dining area with rear kitchen. In addition there is a basement currently sublet to a yoga studio at a passing rent of £950pcm (inc VAT).
Situated in a prime position on Park Row within a mixed parade of shops and in walking distance of the BRI Hospital and Park Street.
Offered to let by way of assignment of the current tenant's existing lease until February 2027. There is a tenant only break option in February 2022 and a rent review at the same time. The basement is let to a yoga business at £950pcm (inc VAT). We understand the lease is granted within sections 24-26 of the landlord and tenant act 1954 and therefore offering security of tenure.
Each party to incur their own legal costs with the landlords legal fees split 50/50 between the assignee and assignor.
A premium of £35,000 is sort to include fixtures and fittings. An inventory is available upon request.
Café: Approximately 473sqft
Store Room - 42sqft
Basement - Approximately 620sqft
plus additional toilets and kitchenette.
The floor plan is provided for indicative purposes only and should not be relied upon.
The rateable value for the ground floor is £13,500.
The rateable value for the basement is £7,000.
EPC rating: E (expires February 2027).
As an actively trading business viewings are strictly by appointment with Maggs & Allen.
We understand that VAT is applicable to the rent.
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.
We advise all interested parties to refer to the RICS Code for Leasing Business Premises, link available via our website.
Maggs & Allen use all reasonable endeavours 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.