The property is a well known and popular restaurant, complete with premises licence, and offers the intended purchaser the chance to take on a true turn-key opportunity.
The restaurant is presented to a high standard throughout having only recently been fully refurbished and includes a new air conditioning system, CCTV system and a well stocked fully fitted commercial kitchen with separate walkin chiller and freezer.
The outgoing tenant has other business interests internationally, which is why they are bringing this rare opportunity to the market now.
Location
The property is located in the heart of Didsbury Village, one of South Manchester’s most affluent and popular areas.
Accommodation
Comprising of a substantial two-storey premises with covered outside seating to the ground floor. The ground floor consists of an attractive bar area with disabled toilet off and a largely open plan dining area offering 130 covers comfortably, with a further 40 covers available externally.
Internal stairs lead to the first floor where customer toilets, plant room, staff changing facilities and W/C, storage and further kitchen preparation areas are located.
Terms
TERMS - The premises are available by way of an assignment of the existing 15-year FRI lease from 23rd June 2023. The lease is subject to 5 yearly rent reviews and benefits from security of tenure.
PREMIUM - Guide price of £200,000
Price includes kitchen appliances, walk in chiller and freezer, new air conditioning system and CCTV.
RENT - £100,000 pax
VAT - We understand that VAT is applicable to the rent.
BUSINESS RATES - Rateable Value (2023 List) - £78,000
EPC - E(114)
LEGAL COSTS - Each party are to be responsible for their own legal costs in this matter.
Specification
- Annual T/O circa £1.5m
- Lease until 22nd June 2038
- Premises Licence
- NIA of 3,595 Sq. Ft. over ground and first floor
- £100,000 pax rent