Thriving Central Cambridge Restaurant With Accommodation

£ 110,000
Tenure
Leasehold
Rent (per annum)
£ 30,000
Description
  • Turnkey operation - established and successful business
  • Fully fitted restaurant premises in high footfall area
  • Located on the main retail and commercial thoroughfare
  • c. 30 cover trade area at ground floor level
  • Rare benefit of two-bedroom duplex apartment at first and second floor level
  • 15-year protected lease commencing in September 2008
 
Location

Burleigh Street is a well-known retail and leisure pitch with high footfall located in the eastern part of Cambridge City Centre, linking Fitzroy Street and East Road. The refurbished Grafton Shopping centre is nearby, which includes Boots, Next, Decathlon, H&M, Pure Gym and Vue Cinema, along with Primark directly opposite to the premises. Neighbouring operators include Charlie's Coffee Co. & Pizzeria, Lokum, The Snug Bar, Mamasun, The Catch and Café Oriental. 

The premises is located within short walking distance to Anglia Ruskin University's main flagship Cambridge campus, close to the entrance to the Grafton centre.

Property

Kymmoy occupies a modern three-storey, brick-built building on the busy thoroughfare of Burleigh Street in central Cambridge.

The restaurant is located at ground floor level and is open-plan, with a serving counter to the rear and tables providing in the region of 30 covers. A WC for customers is provided. To the rear of the trade area is a well-appointed commercial trade kitchen with extraction and ancillary wash/prep room. Beyond this is a store room with walk-in chiller and rear exit.

At the back of the premises, the property benefits from off-road parking for up to two vehicles which are accessed via Burleigh Place. A staircase provides separate access to the duplex apartment, which is at first floor level. A rare and valuable asset for a business so close to the city centre, the apartment comprises a domestic kitchen and two rooms on the first floor and two double bedrooms and bathroom on the second floor.


Measurements

Floor                     Description                        Area m²/unit                    
Ground                 Retail zone a                       29.2                       
Ground                 Retail zone b                       27.3                       
Ground                 Retail zone c                       7.7                         
Ground                 Internal storage                  20.5
Total                                                                   84.7

Planning

The property benefits from permitted use Class 'E'. The relevant Local Authority is Cambridge City Council. 

Tenure

The property is held on a 15-year lease from September 2008 with 1 year remaining unexpired at a rent of £30,000 per annum, exc VAT. The agreement is inside the Landlord & Tenant Act 1954. Consideration will be given to offers on the basis of a lease extension.

Premium

Offers in the region of £110,000 (exc VAT) are sought for the leasehold interest, goodwill, website, social media and trade inventory.

The Business

Kymmoy is a long established restaurant and takeaway. The restaurant enjoys a terrific reputation, garnering fantastic reviews and is one of the most popular Asian cuisine restaurants in the city. Accounts from Oct 2020 - Oct 2021 show net turnover in the region of £273,000. Further trading information is available to genuinely interested parties who have viewed the premises.

Rates & Charges

Rateable Value: £26,750
Council Tax: £1,791 per annum (Band C)

Country
England
County
Cambridgeshire
Town
Cambridge
Address
11 Burleigh Street
Post Code
CB1 1DG
Reference Number
RF778022
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