Restaurant/cafe for sale in Hatton Garden, Liverpool L3

£265,000 (£229.83/sq. ft)
Restaurant/cafe for sale 107 sq. m*
Interested in this property? Call +44 151 382 7454 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Commercial Investment
  • Well-Established Restaurant
  • Current Passing Rent: £25,000 per annum
  • Gross Yield of 9.43%

Property description

Commercial Investment

Location
The property is located fronting on to Hatton Garden within a mixed-use development, and in close proximity to the city's amenties including the prime retail shopping locations, restaurants, and access to public transport networks, such as Moorfields inner city railway station approxmiately 0.2 miles east. The immediate surrounding area comprises a number of regional and national-type occupiers such as Tesco, Travel Lodge, Costa Coffee and John Moore University buildings also within close proximity.

The Property
The propety comprises of a large ground floor commercial unit, currently trading as a restaurant and fit for that purpose. Internally the premises benefits from a timber flooring throughout, spotlighting, fully fitted bar, stainless steel kitchen with non-slip flooring, CAT2 lighting and extraction system in situ with WC facilities to the rear. Externally, the premises benefits from a full-height, double-glazed frontage.

Accommodation
We have measured the premises in accordance with the RICS Code of Measuring Practice (6th Edition) to provide the following approximate areas and dimensions:

Restaurant (Including entrance lobby and fitted bar area): 82.2 sq.m. (885 sq.ft.)
Kitchen: 24.9 sq.m. (268 sq.ft.)
WC: Not Measured

Tenure
The property is Let to a Mediterranean restaurant on an effectively Full Repairing and Insuring Lease for a Term of 15 years from the 1st January 2017 at an initial rent of £25,000 per annum, subject to upward only rent reviews every 3 years of the term.

We understand the property is held by way of a 250 year long lease at a peppercorn ground rent. Further details are available upon request.

Rates
We understand through internet enquiries that the property has a rateable value of £11,500.

The Uniform Business Rate for 2017/18 is 46.6p (or 47.9p above £18,000) This firm gives no warranty that the values supplied and the sums of money expressed as being payable or accurate and would strongly recommend that prospective lessees rely upon their own enquiries with the Local Rating Authority to verify the rates payable and to establish the position in respect of any appeals and the inheritance of any transitional relief which may reduce or increase the rating liability.

Interested parties should make their own enquiry of Liverpool City Council's Rating Department on or .

Price
£265,000, exclusive of V.A.T. And all other outgoings.

Viewings
Strictly by appointment via the sole agents SK Real Estate (Liverpool) Ltd Tel: / Contact Tom Pearson ()

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own research into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
SK Real Estate, L3 on +44 151 382 7454 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by SK Real Estate, and do not constitute property particulars. Please contact SK Real Estate for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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