Extensive (Ex Chain) Restaurant

£ 40,000
Tenure
Leasehold
Rent (per annum)
£ 50,000
Description
  • THIS PROPERTY IS UNDER OFFER
  • Town Centre location
  • Close to other highly regarded restaurants within the ‘Saints District’
  • Located over 2 trading floors
  • Extensively equipped commercial kitchen, including large pizza oven
  • Potential for c150 covers 
  • Surrounded by notable retail & hospitality businesses
  • Total floor area of 3,907 sq ft across 2 floors
Location

Ipswich town lies approximately 70 miles north east of central London, 55 miles south east of Cambridge, 43 miles south of Norwich, and 18 miles north east of Colchester. Major roads in the area include the A12, which provides dual carriageway access to the A14, providing a principal link from the Port of Felixstowe (9 miles to the south east) to the East Midlands.

The property is located on St. Nicholas Street, at the heart of the town centre and on the outskirts of one of the town's professional office districts which has been popular with a number of local and regional professional services for many years. The town centre is a two-minute walk away from St. Nicholas Street, with links to the main shopping thoroughfares, provides the through route to the popular Ipswich Waterfront, and is approximately 10 minutes’ walk from the train station.

Property

The property comprises a ground and first floor bar/restaurant premises with glazed frontage. Main entrance to the front of the property, located off St Nicholas Street. Main bar servery and open frontage looking into the kitchen to allow customers to observe. Potential to accommodate c150 covers across both floors, which are accessed by a large and decorative winding staircase. All areas still have extensive fixtures and fittings in place to include tables, chairs, kitchen equipment, plates, cooking utensils and cutlery. The property has a fully fitted kitchen which includes a large pizza oven, loading at the front or rear of the premises. Premises also benefits from a new boiler and modern plant room. 1 parking bay available to the rear of the property. There are WC’s on the first floor with passenger lift between ground and first. Ancillary areas include several storage areas, office and staff area with WC's.


Measurements

Total Floor Area - 3,907 sq ft.

Planning

Class E - A3/A4/A5 Restaurant and Cafes/Drinking Establishments and Hot Food takeaways.

The property is not listed but is situated within a Conservation Area.

Tenure

Available by way of a new free of tie lease, with term to be agreed. Guide rent £50,000 pax. Premium - £40,000.

Freehold sale may be considered with offers in excess of £650,000 plus VAT.

Fixtures & Fittings

All trade fixtures and fittings are included in the premium price.

The Business

The property has not traded since March 2020. No trade warranted or sold.

Rates & Charges

Rateable value of £47,250.

Country
England
County
Suffolk
Town
Ipswich
Address
13 St Nicholas Street
Post Code
IP1 1TH
Reference Number
RF137439
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