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Fully Fitted Leamington Spa Restaurant With Outdoor Seating For Sale

Leamington Spa, Warwickshire, UK
Asking Price:
£75,000 Furniture / Fixtures included
Turnover:
Undisclosed
Net Profit:
Undisclosed

An attractive opportunity to acquire a fully fitted restaurant in a prime town centre location in Leamington Spa, Warwickshire. Situated beside the entrance to the Royal Priors Shopping Centre, the property occupies a prominent corner position with a triple shopfront and high pedestrian footfall. Offered at a guide price of £75,000 for the leasehold interest and trade contents, the premises may appeal to established restaurant groups and experienced independent operators.

The restaurant occupies an attractive Regency building and provides approximately 100 internal covers, together with 40 external covers. Arranged across the ground and first floors, the accommodation includes a bar and servery, retail deli area, commercial kitchen, customer facilities and ancillary storage. The premises are fully fitted to a high standard and are currently open and trading.

The existing lease runs until February 2038 and benefits from security of tenure under the Landlord and Tenant Act 1954. With its established restaurant configuration, prominent frontage and outdoor seating, the property offers an incoming operator an opportunity to acquire a substantial hospitality venue in the heart of Leamington Spa.

  • Prime corner position beside Royal Priors Shopping Centre.
  • Approximately 100 internal covers and 40 external covers.
  • Attractive Regency building with triple shopfront and two customer entrances.
  • Fully fitted restaurant, currently open and trading.
  • Approximately 3,615 sq. ft. across ground and first floors.
  • Lease expiring in February 2038, with security of tenure.

Property Information

Property:

Leasehold

Lease Terms:

Existing 25-year lease commencing 11 February 2013 and expiring 10 February 2038, with security of tenure under Part II of the Landlord and Tenant Act 1954.

Passing rent of £93,000 per annum, with rent reviews scheduled for February 2028 and February 2033. Annual service charge of approximately £14,000, excluding VAT.

The permitted use includes retail and restaurant activities, takeaway food and drink, ancillary storage and external seating.

Leasehold Rent:

£93,000 per annum

Location:

Prominent town centre position at the entrance to Royal Priors Shopping Centre in Leamington Spa, with an adjoining multi-storey car park.

Nearby food and beverage operators include Giggling Squid, Costa, GAIL's, Starbucks and Bewiched Coffee. The surrounding town centre also accommodates a wide range of national restaurant brands and independent operators.

Premises Details:

Fully fitted Italian restaurant occupying the ground and first floors of a Regency building, with a triple shopfront, two customer entrances and rear delivery access.

The ground floor includes a bar and servery, retail deli, dining area with 86 covers and an accessible WC. The first floor accommodates the commercial kitchen, customer toilets, staff facilities, office, plant room and storage areas. Two hoists connect the floors.

External seating provides approximately 40 additional covers.

Size in square feet:
Approximately 3,615 sq. ft.

Business Operation

Expansion Potential:

The existing restaurant fit-out, retail deli area and permitted takeaway use offer flexibility for an incoming operator to develop a restaurant and takeaway offering, subject to the lease provisions and any necessary consents.