TO LET
Restaurant Unit, Fitted To High Specification With Fixtures And Fittings Included Unit R1, Priory Place, Fairfax Street, Coventry, West Midlands CV1 5SQ
1,478 Sq Ft (137.31 Sq M) £25,000 Per Annum For more information, please contact:
Property Highlights • Prime city centre restaurants development • Very visible unit, fully fitted out internally with fixtures and fittings included • Area currently being majorly developed with student accommodation • Mixture of strong operators making Priory Place a restaurant destination • Next to Coventry University • Opposite the city centre bus station
James Brookes 024 7630 8900
[email protected] 1 The Cobalt Centre Siskin Parkway East Middlemarch Business Park Coventry CV3 4PE
www.bromwichhardy.com
TO LET
Restaurant Unit, Fitted To High Specification With Fixtures And Fittings Included Unit R1, Priory Place, Fairfax Street, Coventry, West Midlands CV1 5SQ Location Priory Place is one of the premier leisure destinations in Coventry city centre and is part of the award winning £60m Phoenix Initiative, lying next to Millennium Square and opposite the main city centre bus station. The development already contains one of the country's most successful Nandos, the BBC Coventry and Warwickshire head quarters, China Express, an Indian, a Sushi, a traditional Fish & Chips and a Mediterranean restaurant helping to create a 'World Food Court' destination. The unit fronts on to Fairfax Street facing the city central bus station and Millennium Square housing the British Transport Museum, but is also next door to Sainsburys supermarket. The unit is also close to Coventry City University, which now has around 28,000 students and also a short distance to the main retail and leisure offers in Coventry.
Business Rates Rateable Value (2010) Uniform Business Rates (2016/17) (exclusive of water & sewerage)
£21,000 0.479 pence
Rates Payable
£10,059
Tenure Leasehold £25,000 Per Annum, A new fully repairing and insuring lease for not less than 10 years unbroken.
Service Charge
Description
The unit has a service charge of currently £303 per quarter. The available unit is currently trading as Chic 'n' Bun and has been trading as such for approximately 18 months. The unit is essentially rectangular, with a large four glass pane frontage and illuminated signage above. Internally the unit has been tastefully decorated, with a bar and kitchen to the left after entrance, with pizza ovens, cookers, fridges and display cabinets and extraction all to be included. To the rear are male and female WC facilities, with an area to the rear of the kitchen including a walk in fridge, food preparation and dish washing area and a mezzanine floor used for dry storage. The unit benefits from 46 covers currently and all of the fixtures and fitting can be included, so the restaurant is essentially ready to operate. The outgoing tenant requires a premium of £25,000 on exit.
Accommodation Description Restaurant Total
1,478 sq.ft
137.31 sq.m
1,478
137.31
EPC The unit has a rating of C 68
Viewing Viewing is available through sole agent Bromwich Hardy.
Legal Costs Any incoming tenant will be responsible for the landlord and outgoing tenant's legal costs in this matter.
TO LET
Restaurant Unit, Fitted To High Specification With Fixtures And Fittings Included Unit R1, Priory Place, Fairfax Street, Coventry, West Midlands CV1 5SQ
TO LET
Restaurant Unit, Fitted To High Specification With Fixtures And Fittings Included Unit R1, Priory Place, Fairfax Street, Coventry, West Midlands CV1 5SQ
Misrepresentation Act 1967. Unfair Contract Terms 1977. The property Misdescription Act 1991. These particulars are issued without any responsibility on the part of the agent and are not to be construed as containing any representation or fact upon which any person is entitled to relay. Neither the agent nor any person in their employ has any authority to make or give any representation or warranty whatsoever in relation to the property. September 2016