LOCATION
The unit is located on Oak End Way; it has an impressive frontage with external seating area and, adjacent to Thai Rack, and with Malik's (Indian cuisine) and Blossom (Chinese cuisine) makes up the quartet of restaurants along this road. Other notable traders in the town include Boots Pharmacy, Costa Coffee, Caffe Nero, Pizza Express, Waitrose, WH Smith, Neville Johnson, and Hob Salons.
Tesco Supermarket with its large car park and Station Road public car park are both within a short walk. There is street parking along Oak End Way and nearby South Park. Gerrards Cross is an affluent commuter town, conveniently located with good access to J2 M40 (approx 3 miles), J1A M40 and J16 M25 (approx 6 miles). The mainline station is served by the popular Chiltern Line with regular services to Birmingham and approx 25 minutes to London Marylebone.
What3Words Location: ///WORTH.SAVES.DRAGON
DESCRIPTION
The property has traded as Di Paolo (Italian restaurant) for 12 years and comprises a smart seating area, private dining room, male and female customer WCs, dry stores and kitchen with remote chiller store. It has excellent reviews on Trip Advisor and we gather has a seating capacity of approx. 90 covers plus forecourt seating for approx. 16 diners.
ENERGY PERFORMANCE CERTIFICATE
Rating C (58).
BUILDING INSURANCE
The last full year's Building insurance premium was £TBA.
TERMS
Our client holds a lease expiring March 2024 at the passing rent of £46,000 per annum exclusive. This is available for assignment or, alternatively, we understand the landlord will consider granting a new lease on terms to be agreed.
Offers are sought for the business goodwill, fixtures, fittings, furniture and equipment.
VAT
We understand that VAT is not currently payable on the rent.
BUSINESS RATES
We understand the 2023 Rateable Value is £39,500
Rates payable for tax year 2023/2024: approx. £19,750 before substantial discounts which include Transitional relief and Retail, Hospitality and Leisure Relief, subject to status. With this combined relief, rates payable should be approx. £4,060 for qualifying businesses for the 23/24 tax year. NB: Rates discounts can be amended by the Government from time to time. Details on application or from Buckinghamshire Council - 01895 837540
( Agency Pilot Software ref: 382 )
