Restaurant/cafe to let in Westgate Grill Café/Diner, Business For Sale, 5 Westgate, Peterborough PE1

From £33,400 pa (£17.28/sq. ft. pa)
Interested in this property? Call +44 1664 518993 * or Request Details

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

Restaurant/cafe to let

1,933 sq. ft*

Property description

Key Points

  • Café/Diner plus 4 bedroom Living accommodation to the 1st and 2nd Floors
  • £150k Premium for the Business to include fixtures, fittings & Goodwill
  • Passing rent to include commercial and residential - £33,400 pa
  • Well established business
  • Trading information available upon request
  • Description

    Occupying the Ground, First and Second floor of a 3 storey brick built building and situated on Westgate in the City Centre, the Westgate Grill adjoins a parade of other retailers in the heart of Peterborough City Centre. The ground floor Cafe'/Diner has a capacity of up to 88 covers, a fully fitter service counter, open kitchen with all essential cooking facilities, extraction, a pot room and a walk in fridge store. To the rear are 5 Wc's including a disabled facility.
    The residential floors comprise of family kitchen/dining space a good sized living room, 4 bedrooms and ample additional storage/ dressing room space. The outdoor space is a communal courtyard for bin storage only.

    Location

    Westgate is a popular retail hub just a 5 minute walk into the square. Westgate Grill is attached to Westgate Arcade and is part of the Queensgate Shopping Centre, this is the home to a host of Independent & high street retailers featuring everything from accessories, fashion, essential services and food/ takeaways.

    Viewings

    Viewings will be arranged strictly by appointment via the agents P and F Commercial. Prospective purchasers will be required to submit details of their interest and viewing will only be arranged once the current tenant has approved the application. Purchasers should email with details of current experience together with proof of funds for the premium.

    Terms

    A new 5,10 or 15 year Fri lease - Rent is £33,400 per annum in addition to a single premium payment of £150,000 to include Goodwill, fixtures & fittings. A deposit equal to 3-months rent will be required and there will be a contribution to the Buildings Insurance arranged by the Landlord. Rent is paid quarterly in advance. Tenants will be liable for their own utilities and rates payable.

    Availability_Text

    The accommodation comprises the following areas:

    Services

    We are advised that all mains services are connected to the property. These services have not been inspected or tested by the agent.

    Property info

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

    Arrange Viewing

    For more information about this property, please contact
    P & F Commercial, LE15 on +44 1664 518993 * (local rate)

    Contact P & F Commercial about this property

    Enter details
      Morning (8am-noon)
      Afternoon (noon-5pm)
      Evening (5pm-9pm)
    1. Characters remaining: 500

    By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by P & F Commercial, and do not constitute property particulars. Please contact P & F Commercial 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.

    Properties on the market nearby

    3 more properties like this

    View all UK commercial properties to let