Summary
The premises comprise ground floor and basement of a mid terrace building with Italian Restaurant adjacent and many food and drink outlets surrounding.
The building is approached by a porch with steps up to the ground floor restaurant area with rear kitchen.
The accommodation comprises as follows:-
Porch into waiting area - 6.23 x 3.3m, fitted bar, shelving, wall seating, laminate flooring, fire and burglar alarm panels.
Restaurant area 1 – 3.324 x 3.26m, laid out for 12 covers.
Restaurant area 2 - 6.815 x 2.85m, laid for 18 covers.
Restaurant area 3 – 2.58 x 8.5m, laid for 16 covers.
Furniture all available.
Kitchen – 6.79 x 4.78m, fully fitted with a range of kitchen equipment, gas water heater, extraction hood, freezers. Door to rear store with tiled floor.
Stairs down to basement storeroom – 3.22 x 5.35m.
Further small store and cellar.
Separate male and female WC’s.
Key Points
Fully equipped furniture available together with kitchen fittingsLaid out for 46 coversBasement storage
Business
The premises have been used for many years as an Indian restaurant.
Services
We understand that all mains services are either connected or available to the property. The agents have not tested any apparatus on site and therefore, cannot verify the conditions.
Equipment
A schedule of equipment, fixtures, fittings and furniture that can be included will be taken once a sale has been agreed.
Terms
The property is available by way of a new 10 year Full Repairing and Insuring lease via a service charge at a rent of £22,500 per annum (exclusive).
A premium of £25,000 plus VAT if exercised will be required for the benefit of the fixtures, fittings and equipment.
EPC
91D - A copy can be made available upon request.
Legal Costs
Each Party will meet their own legal and professional costs.
Location
The property is located on the north side of Spencer Street, a short distance from its junction with Victoria Terrace, virtually opposite The Assembly and Neon nightclubs.
A short distance to the west the former United Reform Church has undergone significant refurbishment to provide new office accommodation.
The property is located in the busy south town area of Royal Leamington Spa.