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To Let Established Town Centre Ground Floor Restaurant Premises

For sale: £695,000.00|To rent: £39,000.00 Per Annum|149 - 3811 Sq Ft|Licensed & Leisure, Restaurant/Cafes, Retail

PROPERTY DETAILS

FOR SALE£695,000.00
TO RENT£39,000.00 Per Annum
SIZE149 - 3811 Sq Ft
ADDRESS6/6A Orwell Place, Ipswich IP4 1BB
TYPELicensed & Leisure, Restaurant/Cafes, Retail
TENURETo Let, To Let
POSTED ON1st August 2019

DESCRIPTION

Situation
The premises are situated in Orwell Place, in a prominent location close to the town centre. There are several other restaurant premises within the immediate vicinity.

Description
The property is Grade II Listed of brick and slate construction under a flat roof. The ground floor accommodation provides for a 100 cover restaurant with a well equipped kitchen. The premises currently trades under a 5 star rating. There is a bar area, conservatory dining area, storage, outside terrace dining/smoking area, cupboard, ladies and gents WC's and first floor storage area. Currently Trading, 2016 £288,000. Gross profit 73%.

Accommodation
(All areas are approximate only and subject to survey)
Restaurant 162.3 sq m 1,747 sq ft
Conservatory Dining Area 49.3 sq m 531 sq ft
Internal Storage 38.5 sq m 414 sq ft
Kitchen 23.1 sq m 249 sq ft
WCs 13.8 sq m 149 sq ft
Total Floor Area 287 sq m 3,090 sq ft
Plus Terrace Dining Area 67 sq m 721 sq ft

Terms & Tenure
The property is available to let on a new full repairing and insuring lease, for a term of years to be agreed, at a commencing rental of £39,000 per annum exclusive, with an ingoing premium to include leasehold, goodwill and fixtures and fittings. First floor 4 bedroom flat could produce £1,000 pcm. VAT is not applicable.

LOCATION

Location: 6/6A Orwell Place, Ipswich IP4 1BB

Ipswich (0.7 miles)

Derby Road (1.1 miles)

Westerfield (1.8 miles)

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