2607 sq. ft (242.2 m²)
Key features
- Existing stock and fixtures and fittings included
- Generous 90 covers, internally and externally
- Established License premises
- Available by way of Lease assignment at a low rent
- Premium offers sought in the region of £25,000
Description
The property includes the ground floor of a detached two-storey mixed-use building, providing approximately 2,179 sq ft (202.40 sq m) of commercial/leisure space. The restaurant currently serves British and seafood dishes (this can change) and has a generous 40 indoor covers, together with approximately 50 outdoor seats. The first floor is residential and used as an AirBnB by the landlord but could be rented, under separate negotiation, if the assignee was interested.
There is also rear parking for approximately three vehicles, shared with the residential accommodation above.
The premises is available by way of a Lease assignment. The existing Lease is for a term of 5 years from 01 May 2026, with a tenant only break and rent review at year 3. The passing rent is £25,000 per annum for the first year, £27,000 per annum for the second year, £30,000 per annum from the second anniversary. The Lease is contracted outside the LTA 1954. A copy of the Lease is available upon application.
The property is being assigned with all the existing fixtures and fitting and whatever stock remains at the time. In this respect, a lease premium in the region of £25,000 will be payable.
Unit Name: g | 2607 sqft |
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