Fully Fitted Takeaway/ Restaurant With A3
LEASE ASSIGNMENT
Fully Fitted Takeaway/ Restaurant With A3/ A5 Permission In High Footfall Location, Surrounded By Student Accommodation Unit R2, Priory Place, Fairfax Street, Coventry, West Midlands CV1 5SQ
1,044 Sq Ft (96.99 Sq M) £20,000 Per Annum £75,000 Premium For Existing Business 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
For more information, please contact: James Brookes 024 7630 8900 [email protected] 1 The Cobalt Centre Siskin Parkway East Middlemarch Business Park Coventry CV3 4PE
www.bromwichhardy.com
LEASE ASSIGNMENT
Fully Fitted Takeaway/ Restaurant With A3/ A5 Permission In High Footfall Location, Surrounded By Student Accommodation Unit R2, Priory Place, Fairfax Street, Coventry, West Location
Business Rates
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.
Uniform Business Rates (2017/18) (exclusive of water & sewerage) Rates Payable
£15,000 0.466 pence £6,990
Tenure Leasehold £20,000 Per Annum. Available is the assignment of the existing 25 year lease from 23rd March 2012, there are no break options, but rent reviews in March 2017, 2022, 2027 and 2032.
Service Charge The service charge is estimated at £195 per quarter
Description The available unit is currently trading as Chip Stop and has been trading as such since the creation of these units in 2012. The unit is rectangular in shape with a four window full pane frontage, leading into a large L shape service counter with two deep fat fryers a hot food storage counter and till system. The unit also includes drinks fridge, various hot food storage compartments and a fully stocked kitchen to the rear. There is also an office to the rear, food preparation area with chip slicer and a internal WC. The unit also benefits from seating for 20 persons and strong signage externally.
Accommodation Description
Rateable Value (2017)
Sq Ft
Sq M
Ground Floor Unit
1,044
96.99
Total
1,044
96.99
EPC The unit has a rating of C - 72
Viewing Viewing through sole agent Bromwich Hardy
Legal Costs Any new tenant will be responsible for the head landlord legal costs and the outgoing tenant’s marketing costs in any transaction.
LEASE ASSIGNMENT
Fully Fitted Takeaway/ Restaurant With A3/ A5 Permission In High Footfall Location, Surrounded By Student Accommodation Unit R2, Priory Place, Fairfax Street, Coventry, West Midlands CV1 5SQ
LEASE ASSIGNMENT
Fully Fitted Takeaway/ Restaurant With A3/ A5 Permission In High Footfall Location, Surrounded By Student Accommodation Unit R2, 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
Fully Fitted Takeaway/ Restaurant With A3/ A5 Permission In High Footfall Location, Surrounded By Student Accommodation Unit R2, Priory Place, Fairfax Street, Coventry, West Midlands CV1 5SQ
1,044 Sq Ft (96.99 Sq M) £20,000 Per Annum £75,000 Premium For Existing Business 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
For more information, please contact: James Brookes 024 7630 8900 [email protected] 1 The Cobalt Centre Siskin Parkway East Middlemarch Business Park Coventry CV3 4PE
www.bromwichhardy.com
LEASE ASSIGNMENT
Fully Fitted Takeaway/ Restaurant With A3/ A5 Permission In High Footfall Location, Surrounded By Student Accommodation Unit R2, Priory Place, Fairfax Street, Coventry, West Location
Business Rates
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.
Uniform Business Rates (2017/18) (exclusive of water & sewerage) Rates Payable
£15,000 0.466 pence £6,990
Tenure Leasehold £20,000 Per Annum. Available is the assignment of the existing 25 year lease from 23rd March 2012, there are no break options, but rent reviews in March 2017, 2022, 2027 and 2032.
Service Charge The service charge is estimated at £195 per quarter
Description The available unit is currently trading as Chip Stop and has been trading as such since the creation of these units in 2012. The unit is rectangular in shape with a four window full pane frontage, leading into a large L shape service counter with two deep fat fryers a hot food storage counter and till system. The unit also includes drinks fridge, various hot food storage compartments and a fully stocked kitchen to the rear. There is also an office to the rear, food preparation area with chip slicer and a internal WC. The unit also benefits from seating for 20 persons and strong signage externally.
Accommodation Description
Rateable Value (2017)
Sq Ft
Sq M
Ground Floor Unit
1,044
96.99
Total
1,044
96.99
EPC The unit has a rating of C - 72
Viewing Viewing through sole agent Bromwich Hardy
Legal Costs Any new tenant will be responsible for the head landlord legal costs and the outgoing tenant’s marketing costs in any transaction.
LEASE ASSIGNMENT
Fully Fitted Takeaway/ Restaurant With A3/ A5 Permission In High Footfall Location, Surrounded By Student Accommodation Unit R2, Priory Place, Fairfax Street, Coventry, West Midlands CV1 5SQ
LEASE ASSIGNMENT
Fully Fitted Takeaway/ Restaurant With A3/ A5 Permission In High Footfall Location, Surrounded By Student Accommodation Unit R2, 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
