£50,000
(£1.00/sq. ft)
Leisure/hospitality for saleKingsbury Street, Marlborough SN8
50,000 sq. ft
Just added
Business
About this property
High footfall area of historic town centre
Overlooking High Street in market town
Bistro (22) and cellar bar (25)
Food sales driven business
Compact business with scope to improve further
Lock-up unit
leasehold £50,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
Franklyns Bistro is held on a part repairing and insuring lease from a private individual for a term of five years, commencing October 2021. The lease is excluded from the security provisions of the Landlord & Tenant Act 1954 and is fully assignable. Rent is £17,000 per annum, paid monthly in advance and subject to rent reviews every third year at open market rent. The lessee pays a proportion of the building’s insurance costs to the freeholder. An incoming party will be required to provide a rental deposit to the Landlord of £5,000 in advance plus personal guarantors. The lease is free of all trade ties.
We understand the freeholder would be prepared to create a new lease of up to ten years for a suitable candidate.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
Overlooking High Street in market town
Bistro (22) and cellar bar (25)
Food sales driven business
Compact business with scope to improve further
Lock-up unit
leasehold £50,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
Franklyns Bistro is held on a part repairing and insuring lease from a private individual for a term of five years, commencing October 2021. The lease is excluded from the security provisions of the Landlord & Tenant Act 1954 and is fully assignable. Rent is £17,000 per annum, paid monthly in advance and subject to rent reviews every third year at open market rent. The lessee pays a proportion of the building’s insurance costs to the freeholder. An incoming party will be required to provide a rental deposit to the Landlord of £5,000 in advance plus personal guarantors. The lease is free of all trade ties.
We understand the freeholder would be prepared to create a new lease of up to ten years for a suitable candidate.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
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