Restaurant for Sale in Grantham Town Centre with 100 Covers and Fully Equipped Kitchen

Description

MAIN DETAILSExcellent town centre location with strong footfallFully fitted bar and restaurant with premium, modern décorSeating for approximately 100 covers, suitable for a wide range of cuisines or conceptsFully equipped commercial kitchen, ready for immediate operationGas supply, extraction system, and three-phase electricity already installedPremises licence in placeIdeal for restaurateurs, operators, or investors seeking a turnkey opportunityLANDLORD’S REQUIREMENTSRent deposit required subject to referencesPersonal guarantor required subject to referencesAccountant references requiredTrade references requiredLEASE DETAILSLease expiry: December 2030 (inside Landlord and Tenant Act 1954)Rent: £20,000 per annum plus VATService charge: £12,000 per annum plus VATRent review: Every 4 yearsNext rent review: December 2027Premium: £150,000 (business, lease, fixtures, fittings, and equipment included)THE PREMISESApproximately 3,565 sq. ft with seating for around 100 coversRateable value: £17,250Business rates payable: approximately £6,500 per annumFully fitted commercial kitchenModern interior décor throughoutThree-phase electricity installedTHE LOCATIONGrantham, NG31Approximately 0.5 miles from Grantham StationVIEWINGS & CONFIDENTIALITYAll prospective purchasers must sign a non-disclosure agreement due to client confidentiality requirements and must provide proof of funds to satisfy both premium and landlord requirements.Viewings are strictly arranged through Restaurant Property Sellers only. By proceeding, all parties agree to the stated terms and conditions.DISCLAIMERThe information provided has been supplied by the seller and is issued without responsibility on the part of the agent. It should not be relied upon as statements of fact. Interested parties must satisfy themselves as to the accuracy of all details. The agent and its employees have no authority to make or give any representation or warranty in relation to the property.