MapRestaurant to rent
Abbeygate Street, Bury St. Edmunds IP33 1UN
Restaurant
Features and description
- Passing rent £80,000 per annum + VAT
- Fully fitted turn key site
- Circa 120 covers plus basement bar
- Potential to increase basement capacity
- Circa 11 years left on the lease
- Sold by way of lease assignment
Rare opportunity to acquire a prime
Restaurant site in Bury St Edmunds
Ingoing premium £40,000 to include F&F
5,455 sq ft
Available Size 5,455 sq ft
Passing Rent £80,000 per annum
Premium £40,000
Rateable Value £59,000
VAT Applicable
Legal Fees Each party to bear their own costs
EPC Rating D (77)
Occupying the ground floor and basement of a 3 storey building - with the upper
floors set out as residential accommodation (Not included in the lease)
The restaurant is currently closed but is turn key with all equipment in place ready to
trade.
Fully equipped catering kitchen - walk in fridge and freezer included within the £40k
premium.
Location - The property is located on Abbeygate, which is one of the main shopping streets in
the Centre Of Bury St Edmunds.
Bury St Edmunds is a well regarded Town in East Anglia. With prestigious shopping,
and an award-winning market, Bury St Edmunds is under two hours from London and
very convenient for Cambridge, Ipswich and Norwich.
Accommodation - The accommodation comprises the following areas: Main entrance from the busy
street frontage on Abbeygate Street, leading into the main restaurant area. The
restaurant offers circa 70 covers with bar servery and stairs to basement bar and
storage. The back restaurant offering circa 50 covers with open kitchen servery.
Terms - Offered sale by way of lease assignment
15 year lease from May 2020 - Fully repairing and insuring terms
£40,000 lease premium - to include all equipment and any licenses to transfer
£80,000 + VAT plus building insurance is the current passing rent
Break and review clauses in 2028
Viewings - Strictly by prior appointment via the sole agents P & F Commercial [use Contact Agent Button]
or via [use Contact Agent Button]
Restaurant site in Bury St Edmunds
Ingoing premium £40,000 to include F&F
5,455 sq ft
Available Size 5,455 sq ft
Passing Rent £80,000 per annum
Premium £40,000
Rateable Value £59,000
VAT Applicable
Legal Fees Each party to bear their own costs
EPC Rating D (77)
Occupying the ground floor and basement of a 3 storey building - with the upper
floors set out as residential accommodation (Not included in the lease)
The restaurant is currently closed but is turn key with all equipment in place ready to
trade.
Fully equipped catering kitchen - walk in fridge and freezer included within the £40k
premium.
Location - The property is located on Abbeygate, which is one of the main shopping streets in
the Centre Of Bury St Edmunds.
Bury St Edmunds is a well regarded Town in East Anglia. With prestigious shopping,
and an award-winning market, Bury St Edmunds is under two hours from London and
very convenient for Cambridge, Ipswich and Norwich.
Accommodation - The accommodation comprises the following areas: Main entrance from the busy
street frontage on Abbeygate Street, leading into the main restaurant area. The
restaurant offers circa 70 covers with bar servery and stairs to basement bar and
storage. The back restaurant offering circa 50 covers with open kitchen servery.
Terms - Offered sale by way of lease assignment
15 year lease from May 2020 - Fully repairing and insuring terms
£40,000 lease premium - to include all equipment and any licenses to transfer
£80,000 + VAT plus building insurance is the current passing rent
Break and review clauses in 2028
Viewings - Strictly by prior appointment via the sole agents P & F Commercial [use Contact Agent Button]
or via [use Contact Agent Button]
Property information from this agent
About this agent
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.