***FULLY FITTED RESTAURANT IN GREAT LOCATION*** Rare opportunity to acquire a lease by way of assignment on a fully fitted restaurant of approximately 1,400 sq ft located in a busy trading position on Mina Road, St Werburghs. Given the current demand for restaurants, early enquiries are recommended.
A fully fitted and well proportioned restaurant comprising a dining area providing approximately 44 covers inside with bar and open kitchen. To the rear of the property there is a further prep area and toilet facilities. In addition there is a first floor currently used for storage and staff area which could become additional seating.
Situated in the heart of St Werburghs and part of thriving and vibrant community. The property is ideally located benefitting from high levels of passing traffic and footfall throughout the day and evening. Mina Road is home to various independent shops and restaurants.
Please note there is an ingoing premium sought to include fixture and fittings of £50,000.
LEASE DETAILS -
The restaurant is available to let by way of an assignment of the existing occupiers lease. We understand there are approximately 5 years remaining on the lease. Each party to incur their own respective legal fees with the landlords legal costs split 50/50 between the ingoing and outgoing tenant. We understand the lease will be available to extend at a premium of £1,000 per year.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
BUSINESS RATES -
The rateable value with effect from April 2017 is £10,000. We therefore would expect those eligible for small business relief to benefit from 100% exemption at this time. However, we advise all interested parties to confirm directly with the local authority.
ENERGY PERFORMANCE CERTIFICATE -
All figures quoted are exclusive of VAT unless otherwise stated.
By appointment with Maggs and Allen.
TENANT APPLICATION FEE -
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.
CONTROL OF ASBESTOS REGULATIONS -
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.
CODE FOR LEASING BUSINESS PREMISES -
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.