- FULLY FITTED AND TRADING RESTAURANT
- 55 COVERS
- REAR ACCESS TO CAR PARK
TO LET ON A NEW LEASE AT AN ASKING RENTAL OF £22,000 PER ANNUM, EXCLUSIVE, OR ALTERNATIVELY THE PROPERTY MAY BE PURCHASED OUTRIGHT
LOCATION
Restaurant business located on the eastern edge of the Town Centre within an area of mixed commercial, licensed restaurant and leisure uses.
DESCRIPTION
This mid-terraced property is a fully equipped going concern, with the benefit of rear surface parking (meter charged) and useful living accommodation.
ACCOMMODATION
| Ground Floor: |
|
Entrance Lobby |
|
| Restaurant |
15ft max x 55’5” max – 55 covers approx.
Internal finishes all renewed to a good standard within the last 12 months. Dumb waiter to basement kitchen. Air conditioning, zoned dimmer lighted via servery etc.
Stairs to:- |
Basement |
|
Lobby |
|
| Kitchen: |
30ft x 11ft max. Comprehensively equipped to a good modern standard. |
Rear Lobby |
|
Ladies W.C. |
|
Gents W.C. |
|
| Dry Store |
12ft x 15ft |
| |
|
Door to rear car park |
|
First Floor |
|
| Bedsit |
15’3” x 12’ |
Shower/W.C. |
|
| Laundry |
8’ x 7’ |
Second Floor |
|
| Bedsit |
11’9” x 15’3” |
SERVICES
All mains services are connected to the property. There is a gas-fired space heating system with air conditioner/thermo control to the restaurant area.
RATES
| Rateable Value: |
£ 9,300 |
| Rates Payable (2004/2005): |
£ 4,026.90 |
It is recommended that interested parties verify this information with Northampton Borough Council Rating Department on (01933) 231691.
TERMS
Leasehold -
A new lease is to be granted for a term of years to be agreed incorporating 5 yearly upwards only rent reviews at a rent of £22,000 per annum, on full repairing and insuring terms exclusive of rates and outgoings, plus £120,000 (One Hundred and Twenty Thousand Pounds) for the goodwill in the business, fixtures, fittings, trade inventory and tenant’s improvements, plus stock at valuation.
Freehold - The property may be purchased at a figure of £400,000 to include the goodwill of the business and fixtures and fittings. the stock to be purchased separately at valuation.
VAT
The rental quoted excludes any VAT which the landlord may have a duty or choose to impose.
VIEWING: Strictly by appointment through
the Joint Sole Agents:
HADLAND CHARTERED SURVEYORS TEL: 01604 639657
RICHARD CONN & CO TEL: 01604 630251.
|
