Overview
Fully Let and Income Producing Bar/Restaurant – 1,355 sq ft (125.9 sqm)
The premises comprise a mid terrace self contained ground and first floor Wine Bar and Restaurant. The ground floor sales area offers approximately 537 sq ft, Kitchen with additional Stores and door with stairs leading to first floor Wine Bar/Function Room of approximately 578 sq ft and WCs. There is an Outside Seating Area to the rear.
Size
Amenities
Location
The property is located on Grove Road which forms part of the popular “Little Chelsea” area of the town centre and is renowned for its specialist retailers and a wealth of restaurants and cafes. Nearby occupiers include, Spar, Cavendish Bakery, Town Hall and Borough Council offices. The Arndale Centre and mainline railway station are a short walk away.
Rent
Business Rates
According to the Valuation Office website the premises are described as:
Public House and Premises
Rateable Value: £16,500
VAT Details
VAT is not chargeable on the terms quoted
Legal
Each party is to be responsible for their own Legal Fees
Terms
Freehold for Sale – subject to existing Lease - £285,000
Lease
Printers Playhouse Ltd - Company Number 09592300
The Tenant has just renewed the Full Repair & Insuring Lease for 10 Years at a Rent of £23,000 from March 2026, subject to Upward Only Rent Review and Tenant Break Clause on the 5th Anniversary.
TOTAL RENTAL INCOME £23,000
