A3 Catering Premises Guildford Town Centre To Let
434 sq ft (40.3 sq m) over 2 floors
Restaurant / take-away premises
Guildford town centre adjacent to the High Street
20-24 covers inside
Outdoor seating for about 30+ covers (not included in lease)
Potential for evening/wine bar use
Location
The property is located in The Shambles, a pedestrian cul-de-sac off the High Street and Guildford’s prime retail shopping area. The Shambles is located next to Gap and opposite Ernest Jones. Guildford mainline railway station is approximately 1/2 mile away.
Description
Busy town centre catering premises with seating on ground floor and additional seating area outside (which is not within the lease). Fully equipped and operational. We consider the premises would also be suitable for use as a wine bar with evening trade subject to planning and landlord’s consent.
Accommodation
The accommodation is approximately as follows:
Ground floor 24.83 sq m 267 sq ft
First floor
Trading/Storage 5.16 sq m 56 sq ft
Kitchen 10.31 sq m 111 sq ft
Total 40.30 sq m 434 sq ft
Price
Guide price: £30,000 for the fixtures and fittings and leasehold interest.
.
Terms
The premises are held on a 15 year FRI lease from 31st January 2003 expiring on 30th January 2018 at a passing rent of £25,000 pa exclusive. The lease is protected by the Landlord & Tenant Act 1954 Part II. The landlord has indicated that a new lease may be available at a rent of £27,500 p.a.
Rates
Rateable Value: £9,300.00
Rates Payable: £ 4,622.10 (2016/2017)
Some Business Rates relief may be available to small businesses.
Legal Costs
Each party to bear their own legal costs
incurred in the transaction.
EPC
Rating: E