NIL PREMIUM - price stated is annual rent payable.
Well presented restaurant premises with 54 covers over ground & first floors. Spacious modern commercial kitchen. Prominent town centre location. Rates exempt. New lease agreement – negotiable terms & incentives available. Initial rental £25,000 per annum (VAT payable). Potential for alternative uses. Outright sale also considered.
The premises extend over ground and first floors forming part of a two storey terrace. The business recently ceased trading, however, remains fitted and equipped, capable of re-opening for trade with limited investment.
The ground floor provides restaurant seating for circa 20 covers with a servery to part. A food lift located at the ground floor servery, connected to the first floor kitchen above. There is further seating at first floor level for circa 34 covers.
Gents and accessible toilet facilities are located at ground floor level, with ladies facilities on the first floor. The commercial kitchen is spacious and fitted and equipped to a good modern standard.
The restaurant occupies a prominent corner position at the junctions of the A803, one of towns’ principal arterial routes, Manor Street and Bank Street. The location is on the periphery of the principle town centre, approximately 100m to the north of the High Street.
The property is offered on a new lease agreement, the terms of which are negotiable. Our client will also consider an outright sale of the property.
An initial rental of £25,000 plus VAT is proposed per annum although incentives are available.