Tim Cox Property To Let
Stratford Marina
Location : Stratford Upon Avon
Date Available: 14 June 2024
Overview
Restaurant opportunity to let. A rare opportunit to rent an existing restaurant premises on Stratford Marina. The property has recently been extended to create a stunning fully glazed extention with electrically operated windows, with addition outside decking with awning providing space for further seating. Further space for an additional 60 covers may be available, subject to obtaining the necessary consents.
Type: Commercial to Let
Size: 115.38 sqm / 1242 sqft
Price: £37,500 per annum
Full Description
SITUATION
The property occupies a unique location in the heart of the town overlooking the River Avon and next to the newly created Nature Reserve.
ACCOMMODATION
The premises comprise an existing restaurant area that has recently been extended into a stunning fully glazed extension with electrically operated windows. In addition, there is an outside decking with awning for further seating.
Existing Restaurant 537 sq ft (49.89 sq m)
Existing Store 62 sq ft (5.76sq m)
Fully glazed extension 628 sq ft (58.34 sq m)
Electrical Cupboard 15 sq ft (1.39 sq m)
Existing shared wc facilities
Please note: Every effort has been made to ensure that the above floor areas are accurate. They are in accordance with the Code of Measuring Practice. Fittings restricted measurement at the time of inspection. Interested parties should verify these for themselves.
AGENTS NOTE
The existing restaurant includes the kitchen serving area and approx. 20 covers. The glazed extension provides a further 42 covers. In addition, it may be possible to acquire the adjoining property which would increase the space potentially to an additional 60 covers (subject to obtaining the necessary consents).
LEASE
A new lease for a term of years to be agreed.
PRICE
Offers are invited in the region of £37,500 pa for the existing restaurant and the new glazed extension or in the region of £57,500 for the whole property.
FLOOR PLANS
Floor plans are available from the Agents.
RATEABLE VALUE
The VOA has the following assessments:
Unit 1. The Boat House. £4,900 from 1st April 2023 (this ignores the extension)
Unit 2. The Boat House. £9,200 from 1st April 2023
Please Note : We believe that for certain tenants that there may be no liability to pay rates, however this office gives no warranty that the rating values supplied and the sums of money expressed as being payable are accurate and the purchaser/tenant must rely upon their own enquiries with the Local Authority on 01789 267575 or https://www.gov.uk/correct-your-business-rates
SERVICES
Mains electricity and water are connected. Drainage is pumped into the main sewer. Gas is available outside the property.
Energy-saving technology has been installed to keep the electrical running costs at a relatively low level. There is electric under floor heating in the extension and comfort cooling.
LEGAL COSTS
Each party to be responsible for their own legal costs incurred in this transaction.
VIEWING
Strictly by appointment with Tim Cox Associates. Telephone: 01789 269444