Hotels + Leisure to let

Café/Diner Business for sale with 4 bedroomed Living Accommodation. Peterborough City Centre
£100,000 Premium for the business
£31,000 per annum Rent
Size - 1,933 sq ft
Rent - £31,000 per annum
Rateable Value - £23,500
Legal Fees - Both parties will be responsible for their own fees
VAT - No VAT
EPC - EPC exempt - EPC has been commissioned, will be available in less than 28 days
Occupying the Ground, First and Second floor of a 3 storey brick built building and situated on Westgate in the City Centre, the Westgate Grill adjoins a parade of other retailers in the heart of Peterborough City Centre. The ground floor Cafe'/Diner has a capacity of up to 88 covers, a fully fitter service counter, open kitchen with all essential cooking facilities, extraction, a pot room and a walk in fridge store. To the rear are 5 Wc's including a disabled facility.
The residential floors comprise of family kitchen/dining space a good sized living room, 4 bedrooms and ample additional storage/ dressing room space. The outdoor space is a communal courtyard for bin storage only.
Location - Westgate is a popular retail hub just a 5 minute walk into the square. Westgate Grill is attached to Westgate Arcade and is part of the Queensgate Shopping Centre, this is the home to a host of Independent & high street retailers featuring everything from accessories, fashion, essential services and food/ takeaways.
Terms - A new 5, 10 or 15 year FRI lease - Rent is £31,000 per annum (Split £19k ground floor and £12k for the apartment) in addition to a single premium payment of £100,000 to include Goodwill, fixtures & fittings. A deposit equal to 3-months rent will be required and there will be a contribution to the Buildings Insurance arranged by the Landlord. Rent is paid quarterly in advance. Tenants will be liable for their own utilities and rates payable.
Prospective purchasers will be required to submit details of their interest and viewing will only be arranged once the current tenant has approved the application.
Services - We are advised that all mains services are connected to the property. These services have not been inspected or tested by the agent.