Restaurant for Sale in Grantham - 100 Covers. Town Centre Location
Property ID: RPS-20512
MAIN DETAILS
Excellent town centre location with strong footfall
Fully fitted bar and restaurant with premium, modern décor
Seating for approximately 100 covers, suitable for any cuisine or concept
Fully equipped commercial kitchen, ready for immediate operation
Gas, extraction system, and three-phase electricity already installed
Premises licence in place
Ideal for restaurateurs, operators, or investors looking for a turnkey opportunity
LANDLORD'S REQUIREMENTS
Rent deposit subject to references
Personal Guarantor subject to references
Accountant’s references
Trade references
LEASE DETAILS
Lease: Ending in December 2030 (Inside the LTA 1954)
Rent: £20,000 + vat per annum
Service charge : £12,000 + vat per annum
Rent review: Every 4 years
Next rent review: December 2027
Premium: 150,000 (Business, Lease & FF&E)
THE PREMISES
Circa 3565 Sq. ft with 100 covers
Rateable value: 17,250 (payable rates: circa £6,500/annum)
Fully equipped commercial kitchen
Fully fitted and modern décor
3 Phase Electricity
THE LOCATION
Grantham NG31
0.5 miles from Grantham Station
VIEWINGS & CONFIDENTIALITY
All interested buyers must agree Non-Disclosure Agreement with our company due to the "Confidentiality" requested by the client and must have proof of funds to meet the premium and landlord's requirements.
Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.
DISCLAIMER
The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.
