restaurant unit to let AWS
RESTAURANT UNIT TO LET
01733 897722
23 Cowgate Peterborough PE1 1LZ £35,000 per annum
City centre location
Parking & loading to rear
285.57 sq m (3,074 sq ft)
Adjacent very busy Wetherspoons
‘Voted by the Estates Gazette Most active agent in the East of England 2014, 2015, 2016’
Bury St Edmunds
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Cambridge
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Huntingdon
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Peterborough
LOCATION
SERVICE CHARGE
The property is located on Cowgate, within Peterborough City centre. Cowgate is a busy street leading off Church Street / Cathedral Square and is occupied by a wide variety of retailers including Subway, Colemans, Tamu Dessert Parlour, Wetherspoons, a variety of Estate Agents, The Pizza Café, Kall Kwik, Fit 4 Less and Topo Gigio Restaurant, amongst others. The central area of Peterborough has seen a number of new restaurant and bar entrants recently, including Wagamama, Pint & Pot (Charles Wells), Cote, Loungers, Middletons, The Stoneworks Bar and Puzzles Bar. It is understood that the Wetherspoons public house directly adjacent this property is one of the top performers in the portfolio for real ale sales in the UK.
A service charge will be levied for the upkeep and maintenance of the structure and communal areas of the building. Further details upon request
PLANNING The property has planning consent for uses within Class A3, however consideration will be given to other uses including A1 or A4 subject to a suitable planning consent being obtained. If required. Further details from the letting agents.
BUSINESS RATES The property has a Rateable Value of £26,500 (2017 List). From 1st April 2017 properties with an RV of below £51,000 are normally charged at a rate of 46.6 pence in the pound on the RV. It is likely however that this property will be affected by Transitional Rates Relief and interested parties are strongly advised to check the actual rates payable figure with the Business Rates team at Peterborough City Council.
DESCRIPTION The property comprises a self contained lock up retail premises arranged over ground floor only. Previously used as a Chinese restaurant, the property has been fitted out to a reasonable standard to include a large seating area, marble topped bar, raised rear seating area, large kitchen area (equipment removed), storage areas, and male and female WC’s. There is rear loading via the secure yard area to the rear, as well as one parking space within the rear car park.
LEASE The property is available on a new lease for a term to be agreed.
LEGAL COSTS Each party is responsible for their own legal costs.
RENT
FLOOR AREA
The rent is to be £35,000 per annum exclusive of VAT, Business Rates and other outgoings.
The property has a total Net Internal Area of 285.57 sq m (3,074 sq ft)
VAT
SERVICES
We understand that VAT will be payable in respect of the rent.
Mains electricity, gas, water and drainage are believed to be connected to the property. Interested parties are however advised to make their own enquiries of the relevant service providers. No warranty can be given in respect of the condition or working order of services, fixtures and fittings.
VIEWING Strictly by appointment with the sole agents:-
Barker Storey Matthews 37 Priestgate, Peterborough PE1 1JL Contact: Julian Welch [email protected] (01733) 897722
EPC This property has an EPC within Band E (105). A copy of the EPC is available on our website.
4A119 170906 Note: Barker Storey Matthews is the trading name of BSMH Ltd. Reg No. 2566342. These particulars do not constitute or form any part of an offer or contract nor may they be regarded as representations. All interested parties must themselves verify their accuracy. All measurements are approximate. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax. NIA Refers to Net Internal Area. Where appropriate or stated IPMS 3 relates to the International Property Measurement Standards 1st Edition. A definition can be found at: www.ipmsc.org/standards/office
Bury St Edmunds
●
Cambridge
●
Huntingdon
●
Peterborough
Note: Barker Storey Matthews is the trading name of BSMH Ltd. Reg No. 2566342. These particulars do not constitute or form any part of an offer or contract nor may they be regarded as representations. All interested parties must themselves verify their accuracy. All measurements are approximate. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax. NIA Refers to Net Internal Area. Where appropriate or stated IPMS 3 relates to the International Property Measurement Standards 1st Edition. A definition can be found at: www.ipmsc.org/standards/office
Bury St Edmunds
●
Cambridge
●
Huntingdon
●
Peterborough
ORDNANCE SURVEY PLAN THIS PLAN IS REPRODUCED FROM THE ORDNANCE SURVEY MAP WITH THE PERMISSION THE CONTROLLER OF HER MAJESTY’S STATIONERY OFFICE, © CROWN COPYRIGHT RESERVED. OF
THIS PLAN IS PUBLISHED FOR IDENTIFICATION PURPOSES ONLY AND ALTHOUGH BELIEVED TO BE CORRECT, ITS ACCURACY IS NOT GUARANTEED AND IT DOES NOT FORM PART OF ANY CONTRACT. LICENCE NO. 100003928
