47 Station Road, Urmston, Manchester, M41 9JG

The property comprises a unique Grade II listed building built in the 1930's which was formerly used as a billiards hall and Indian restaurant. The restaurant is fit out to a high standard throughout keeping the buildings character with exposed timber beams, timber floors, exposed brickwork and open kitchen.

The property is currently configured to provide an attractive lobby/entrance with disabled access to the front leading to the bar areas and lounge/seating area near the entrance. The restaurant caters for 150 covers throughout the middle of the property with seating arranged on different levels. To the rear of the property is the open kitchen and WC facilities. Additional storage and cold stores are located on a mezzanine above the kitchen.

Externally, the site is self contained with a small yard to the rear accessed via two rear entrances.

TENANCY INFORMATION

The lease has recently been re-geared to a newly formed company EGE 48 Ltd (CRN 11029230) at an initial rent of £XXX per annum (exclusive plus VAT) for a term of 15 years from and including 10 October 2018 and expiring 9 October 2033 providing an unexpired lease term of 14.9 years to expiry with no break clause.

The lease provides for upwards only rent reviews on the fifth and tenth anniversaries of the term to open market rental value (OMRV).

COVENANT

Istanbul Grill is a Mediterranean restaurant and cocktail bar. There are currently 4 restaurants trading as Istanbul Grill in Greater Manchester and another in Cheshire which has been rebranded as Topkapi Palace. Each restaurant has been opened and established by the same restaurant owner and has been subsequently sold onto staff in each instance. The restaurants are owned and operated independently.

Istanbul Grill Urmston was established over 4.5 years ago as Istanbul Grill (Urmston) Limited and we are informed by the tenants they trade very well.


( Agency Pilot Software Ref: 701 )