The subjects comprise a prominent corner restaurant arranged over the ground and basement floors within a traditional four-storey stone-built tenement. The premises benefit from an extensive glazed frontage, outdoor seating and roller-shutter security.
The property is currently fitted out as a restaurant and bar. The lease permits use as a restaurant (or other Class 3 Food & Drink use, subject to landlord approval), and consequently the premises
would suit and lend themselves to a variety of restaurant, bar and other hospitality.
The property is held on a full repairing and insuring (FRI) lease for a term of 15 years from 1 June 2023, expiring 31 May 2038 (circa 11 years 10 months unexpired), with a tenant option to extend for a further 5 years to 2043 (subject to no monetary breach).
The current passing rent is £54,000
per annum no VAT.
