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We understand the premises have A3/A5 use and in our opinion there is tremendous potential to establish a Catering Business.
Price
NIL PREMIUM REQUIRED FOR THE NEW LEASE
Subject to contract.
ALL OFFERS CONSIDERED IN RESPECT OF THE FREEHOLD PREMISES.
Subject to contract
Features
Approx. 1,150 sq. ft. occupying an excellent trading position close to other A5 occupiers, numerous bars and clubs plus Civic Centre.
SPACIOUS PREMISES with electric shutters, suspended ceiling, electric heating, air conditioning.
Shop Width Front 36' 9"
Shop Width Rear 24' 6"
Shop Depth maximum 37' 5"
Total 1,150 sq. ft.
Tenure
The vendors own the freehold and subject to satisfactory references are prepared to grant a new 16 year lease full repairing and insuring lease at a rental of £35,000 p.a. for the first 4 years, with rent review at that time and thereafter every 4 years.
Alternatively the vendor is prepared to grant a new full repairing and insuring lease in respect of half the premises at a rental of £17,500 p.a. or £16,500 for the marginally smaller side, for the first 4 years, with rent review at that time and thereafter every 4 years.
