This is a fantastic opportunity to acquire this A3/A4 ground & basement floors restaurant. The basement venue hall can hold up to 200 people for functions and first floor restaurant has 100 covers, there several WC on both floors, a fully equipped preparation/washing-up kitchen area and a full range of modern, high quality catering appliances, all of which we understand are to be included in the sale price and further details of which will be available upon request to any genuine interested parties, service lift which connects to both kitchen on both floors, manager’s office, several store rooms, alcohol licence to service until 2am, electric shutters and cctv.
Location
The premises are prominently located on the busy Guildford Street through the high footfall town centre of the prosperous market town of Luton in Bedfordshire and with excellent access to the national motorway network (M1 Junctions 10 and 11). This is now a very well established concern which enjoys all the considerable commercial advantages of a fantastic corner trading position among other complementary outlets. Luton Main Line Station is within few minutes’ walk away.
Accommodation
UTILITES: All main services are connected.
SIZE: Approximately 2,500 sq ft
Terms
TERMS: The premises are available on a 12 year full repairing and insuring lease and with 4 yearly rent reviews.
USES: A3 & A4
PREMIUM: £100,000 for the benefit of the lease, fixtures, fittings and goodwill.
RENTAL: £17,000 per annum and the water bill is included in the rent.
BUSINESS RATES: Interested parties are recommended to make their own enquiries with the Rating Department of Luton Borough Council
OPENING HOURS: Monday - Sunday 4:30 p.m till 11:00 p.m
TURNOVER: Approximately £4,000 per week that’s does not included basement bookings.
STAFF: 4 Full time staff
LOCAL AUTHORITY: Luton
LEGAL COSTS: Each party is to bear their own legal cost.