• Restaurant / Event Premises

    LNW5437
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    Price reduced £225,000 
    • • A3 Premises with Late Licence
    • • Offers Greek and continental cuisine
    • • Currently operating as an event venue
    • • Covers for 125 but can seat up to 140
    • • Spacious and modern leasehold premises

    Description

    This is a rare opportunity to acquire immaculate restaurant / event premises with late licence until 1am. Currently operating as an events venue offering Greek and continental cuisine with regular tribute act nights as well as private parties and weddings, the restaurant has an excellent reputation and repeat clientele from surrounding areas. Currently covers for 125 people comfortably but can seat up to 140. Commercial kitchen to the rear providing plenty of additional storage along with more storage space to the rear of the unit. The current lease is a 12 year lease from January 2014 with 9 years left to run. It is a lease with a current rent of £55,000 per annum, Increasing to £65,000 from 1st January 2022 to end of the lease. Business rates currently are £16,000 per annum.

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