Cafe to rent

Westgate Grill Café/Diner, Business For Sale, 5 Westgate, Peterborough, PE1 1PX

01664 518223

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Cafe

0 bed

0 bath

1,933 sq ft / 180 sq m

Property description & features

Café/Diner plus 4 bedroom Living accommodation to the 1st and 2nd Floors
£150k Premium for the Business to include fixtures, fittings & Goodwill
Passing rent to include commercial and residential £33,400 PA
Well established business
Trading information available upon request

Occupying the Ground, First and Second floor of a 3 storey brick built building and situated on Westgate in the City Centre, the Westgate Grill adjoins a parade of other retailers in the heart of Peterborough City Centre. The ground floor Cafe'/Diner has a capacity of up to 88 covers, a fully fitter service counter, open kitchen with all essential cooking facilities, extraction, a pot room and a walk in fridge store. To the rear are 5 Wc's including a disabled facility.
The residential floors comprise of family kitchen/dining space a good sized living room, 4 bedrooms and ample additional storage/ dressing room space. The outdoor space is a communal courtyard for bin storage only.

Westgate is a popular retail hub just a 5 minute walk into the square. Westgate Grill is attached to Westgate Arcade and is part of the Queensgate Shopping Centre, this is the home to a host of Independent & high street retailers featuring everything from accessories, fashion, essential services and food/ takeaways.

Viewings will be arranged strictly by appointment via the agents P and F Commercial. Prospective purchasers will be required to submit details of their interest and viewing will only be arranged once the current tenant has approved the application. Purchasers should email with details of current experience together with proof of funds for the premium.

A new 5, 10 or 15 year FRI lease - Rent is £33,400 per annum in addition to a single premium payment of £150,000 to include Goodwill, fixtures & fittings. A deposit equal to 3-months rent will be required and there will be a contribution to the Buildings Insurance arranged by the Landlord. Rent is paid quarterly in advance. Tenants will be liable for their own utilities and rates payable.

We are advised that all mains services are connected to the property. These services have not been inspected or tested by the agent.

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Places of interest

P & F Commercial - Oakham

18 Midland Co, Station Approach Oakham, Rutland LE15 6RA

01664 518223

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P&F Commercial is a well-established Commercial Estate Agency business operating across the EastMidlands. Centrally located in Rutland, with the major Cities of Leicester, Nottingham, Peterboroughand Northampton all within 40 miles, P&F Commercial are perfectly located to handle all types ofCommercial property including Shops, Offices, Industrial Units, Post Offices and any other generalInvestment/property businesses. With over 40 years combined experience in the property business, P&F Commercial has a wealth ofspecific knowledge in the sector. P&F Commercial do not just deal in vacant property but can assistbuyers and sellers in the transfer of operating businesses and are perfectly placed to assist start up’sand SME’s in the acquisition, lease or sale of the premises essential to making the enterprise asuccess. We understand that buying, selling or leasing property can be a stressful time and we are more thanhappy to handle the transaction discreetly with or without formal open market promotion and wecan arrange meetings and viewings outside office or working hours as necessary. We can handle any property from the lease of the smallest shop or office unit to multi-million poundfreeholds and we take pride in the way we can market our client’s properties using selected InternetPortals, our own website at www.pandfcommercial.com and our extensive database. We are always happy have an open chat about the services we can offer so please give us a call to discuss your requirements.

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Broadband availability and predicted speed

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Mobile phone signal availability and predicted strength: obtained from Ofcom on May 6, 2022

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Clear: No bars, no signal predicted
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Amber: Two bars, may experience problems with connectivity
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