Cambridgeshire
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
10 bedroom mixed use property for sale
- USE CLASSUse class orders: A3 Restaurants and Cafes, B1 Business and C1 Hotels
A3, B1, C1
Key features
- Leasehold assignment and business for sale
- 10 boutique bedrooms
- Large Restaurant with Outdoor Seating
- Large Car Parking Space
- Fully Equipped & Modern kitchen facilities
- Gas & Extraction in Place
- Benefits from Premises Licence
- Gross revenue for the year ending 2024: £795,000
Description
Property ID: RPS-21700
PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting viewing.
MAIN FEATURES
10 boutique bedrooms
Large Restaurant with Outdoor Seating
Large Car Parking Space
Fully Equipped & Modern kitchen facilities
Gas & Extraction in Place
Benefits from Premises Licence
Gross revenue for the year ending 2024: £795,000
LEASE DETAILS
Lease Ending Sep 2031 (Inside LTA 1954 Act)
Current Rent: £96,000 PAX
Rent Review Term: 5 years
Next Rent Review: TBC
Premium: £399,000 (Business, Lease and Fixtures & Fittings)
LANDLORD'S REQUIREMENT
3-6 Month's Rent Deposit Required (subject to references)
Personal Guarantor (subject to references)
Bank, Trade & Accountant's Reference required
Evidence of financial credibility
PREMISES
10 boutique bedrooms
Large Restaurant with Outdoor Seating
Fully Equipped & Modern kitchen facilities
Benefits from Premises Licence
Permitted Hours: Mon - Sat: 10am - 12 am & Sunday: 12pm - 11:30pm
5 Star Food Hygiene Rating
Payable Business Rates: Circa £42,415/annum (Rateable Value: £85,000)
THE LOCATION
Cambridgeshire
TRADING
Currently our client manages business with 5 full time staff members.
We have been informed that with additional restaurant trade, they have generated a gross revenue of circa £795,000 in 2024.
VIEWINGS & CONFIDENTIALITY
All interested buyers must agree Non-Disclosure Agreement with our company due to the "Confidentiality" requested by the client. Viewings are strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.
DISCLAIMER
The above information is provided by the seller and is issued without responsibility on the part of the firm therefore is not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.
About Restaurant Property Sellers, Ealing
Suite 107, Boundary House, Boston Manor Rd, Ealing, United Kingdom, W7 2QENotes
Disclaimer - Property reference RPS-21700_CAMBRIDGESHIRE_WEDDING_RESTAURANT. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Restaurant Property Sellers, Ealing. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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