£17,000 pa
(£17,000.00/sq. ft. pa)
Restaurant to letKingsbury Street, Marlborough SN8
1 sq. ft
Business
About this property
Franklyns Bistro is situated on Kingsbury Street, where it benefits from views down Marlborough’s high street. Marlborough is one of Wiltshire’s most vibrant towns and lies on the old Bath Road between London and Bath. Marlborough’s high street is one of the widest in the UK and is home to a twice-weekly market. Both sides of the high street have characterful period buildings which house an array of high quality retail shops, tea rooms and bars.
Historically wealthy, the town remains vibrant and progressive, with its own chic café culture and various independent businesses. One of Marlborough’s many claims to fame is its mysterious Merlin’s Mound which is located within the grounds of the renowned Marlborough College. The Mound is the reputed burial site of the Wizard Merlin. Marlborough College was founded in 1843 and is an independent boarding school whose alumni include the Princess of Wales.
According to the 2021 census, Marlborough has a population of 9,129. It is situated on the River Kennet, some 24 miles north of Salisbury and ten miles southeast of Swindon. Given its many attractions, Marlborough is a very popular tourist destination and welcomes plenty of visitors each year. Due to its proximity to the M4, it is also a popular residential area for commuters.
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.
Historically wealthy, the town remains vibrant and progressive, with its own chic café culture and various independent businesses. One of Marlborough’s many claims to fame is its mysterious Merlin’s Mound which is located within the grounds of the renowned Marlborough College. The Mound is the reputed burial site of the Wizard Merlin. Marlborough College was founded in 1843 and is an independent boarding school whose alumni include the Princess of Wales.
According to the 2021 census, Marlborough has a population of 9,129. It is situated on the River Kennet, some 24 miles north of Salisbury and ten miles southeast of Swindon. Given its many attractions, Marlborough is a very popular tourist destination and welcomes plenty of visitors each year. Due to its proximity to the M4, it is also a popular residential area for commuters.
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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