An excellent opportunity to acquire a new lease on this fully fitted and operational restaurant premises, measuring approximately 2,040 sq ft. The property is arranged to provide a comprehensively equipped commercial kitchen with full extraction, a valuable alcohol premises licence and well proportioned external terrace areas to the front and rear. Offered to let on an effectively new full repairing basis at £40,000pa, subject to a premium of £65,000.
As the property is currently trading, no direct approach should be made to staff. All enquiries must be made via the agent and will be treated in the strictest confidence.
DESCRIPTION -
An excellent opportunity to acquire a new lease on this fully fitted and operational restaurant premises, measuring approximately 2,040 sq ft. The property is arranged to provide a comprehensively equipped commercial kitchen with full extraction, a valuable alcohol premises licence and well proportioned external terrace areas suitable for customer seating to the front and rear.
As the property is currently trading, no direct approach should be made to staff. All enquiries must be made via the agent and will be treated in the strictest confidence.
LOCATION -
The property occupies a prominent position within a busy and well established trading location on Gloucester Road. It benefits from consistently high levels of passing footfall and vehicular traffic, providing excellent visibility and exposure within this vibrant commercial thoroughfare.
LEASE DETAILS -
The premises is available to let on a new Full Repairing and Insuring Lease. Each party to incur their own respective legal fees.
PREMIUM -
An ingoing premium of £65,000 is sought to include fixtures and fittings.
BUSINESS RATES -
The rateable value with effect from April 2026 is £25,250.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
EPC rating: B.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
VAT -
All figures quoted are exclusive of VAT unless otherwise stated.
VIEWINGS -
By appointment.
TENANT APPLICATION FEE -
The ingoing tenant will be charged an application fee of £300 plus VAT (£360 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.
