About this property
The premises are located within the heart of the highly desirable village of Nettleham, adjacent to the Cooperative Supermarket, with neighbouring businesses comprising a mixture of retail and hot food uses, all benefitting from free visitor car parking.
We are delighted to offer this Lease and all business equipment for sale at a very competitive asking price, in order to achieve a quick sale. The property is located within a busy, modern Retail Development within the highly sought-after Village of Nettleham. The property is held on Lease and all business fixtures and fittings are included in the sale. Further details are available on request.
This very well-presented restaurant is fully licenced and currently trading as a continental restaurant and coffee shop, enjoying an excellent local reputation. The Lease and all business fixtures are available and the premises are considered suitable for a variety of restaurant uses, having seating for 20 covers, well-equipped kitchen and preparation areas, together with customer WC facilities.
Mains electricity, water and drainage are all connected.
The property is available ‘To Let’ by way of an assignment. The existing Lease is for a term of 10 years commencing 25th March 2015. The current Passing Rent is £10,000 per annum and a Rent Review will take place on the fifth anniversary of the Lease. Full details including a copy of the Lease are available to seriously interested parties.
The current Rateable Value is £10,000
In the event that a full rating liability is required, the current rates payable would be £4,790 (Rate to the pound for 2017/18 is 47.9 pence).
Given current small business incentives, it is unlikely that the ingoing Tenant would be required to pay Business Rates, but interested parties should make their own enquiries.
The ingoing Tenant will be responsible for a referencing fee of £100 inc VAT, together with the Landlord’s reasonable legal costs in granting consent to the assignment of the Lease.
Free Visitor Parking
By prior appointment through Mundys Commercial – 01522 556088.