LOCATION The property comprises a well located restaurant situated on the busy St Mary's Street in the town centre of Stamford, St Mary's Street is one on the most popular independent trader locations in Stamford. Stamford is a prosperous, historic market town renowned for its many listed stone buildings and popular with tourists, visitors and shoppers. The town is situated adjacent to the A1 with Peterborough some 12 miles to the south east and Grantham approximately 20 miles to the north.
DESCRIPTION The property is situated in the heart of Stamford on the busy St Mary's Street which provides one of the main thoroughfares through the town. The premises comprise a ground floor restaurant with 30 + covers. There is a bar and fully fitted commercial kitchen to the rear with separate male and female w.c.'s.
ACCOMMODATION The premises have been measured in accordance with the RICS code of measuring practise on a net internal floor area basis.
GIA: 111.32 sq m (1,197 sq ft)
SERVICES We understand that mains electricity, gas, water and drainage are connected. None of the heating systems or any other plant and equipment have been tested by Richardson and prospective purchasers must rely on their own investigations as to their existence and condition.
BUSINESS RATES From enquiries made of the Valuation Office website, we understand that the following rating assessment applies:-Restaurant and premises
Rateable value: £21,000
Interested parties should however rely on their own enquiries as to the amount of rates payable.
TERMS The property is currently subject to a lease at a rent passing of £27,500 per annum. The restaurant business has now closed. The property is available to purchase with the lease in place, or with vacant possession, subject to agreement with the tenant. Further details on request.
FIXTURES AND FITTINGS The price of the current tenant's fixtures and fittings is £25,000 plus VAT. A schedule of the fixtures and fittings is available on request.
LEGAL COSTS Each party to bear their own legal costs incurred in the transaction.
EPC RATING C - 52, Valid until 19th March 2034
VIEWING For an appointment to view or further information please contact -
Andrew Leech t:01780 758007 e:
[email protected]Katie Mulhern t. 01780 758005 e.
[email protected]
