The property is located on the side of the A141 between March and Wisbech, close to the roundabout junction with the A47 Trunk Road between Norwich and Leicester. Wisbech and March both have populations of around 20,000 and are Fenland Market towns.
A detached, former public house now utilised as a Chinese Restaurant and Take-Away with ancillary residential accommodation above. The property sits on a large site providing ample car parking facilities and there is an area of additional land at the rear of the site.
In brief the Accommodation comprises:
Entrance Foyer with Ladies, Gentlemen and Disabled WCs and Storage Area off
Waiting Area 10.7m x 7.4m (78.7sq m) with Bar Servery, tables and chairs and Take-Away Counter
Restaurant 24.8m (max) x 5.8m (max) (127.9 sq m) with Air Conditioning and currently providing 76 covers
Commercial Kitchen 10.5m (max) x 8.3m (max) (70.5 sq m) with walk in fridge
Preparation Room 5.3m (max) x 2.6m (max) (11.7 sq m)
Dry Goods Store 6.3m x 3.6m (22.5 sq m)
Rear Corridor with WCs off
Bar Cellar 6.3m x 2.0m (12.4 sq m)
Stairs to First Floor
Bedroom 3.7m x 2.8m (10.4 sq m)
Bedroom 3.8m x 3.6m (13.5 sq m)
Bedroom 4.7m x 2.8m (11.8 sq m)
Bedroom 4.7m x 4.1m (19.1 sq m)
Bathroom 2.7m x 1.9m (5.1 sq m)
Bedroom 2.7m x 1.6m (4.4 sq m)
Large hard surfaced Car Park.
Area of land to rear of property extending to 0.214 Acre (STMS)
Mains drainage, electricity and water are all understood to be connected. Interested parties are advised to make their own enquiries of the relevant utility companies and drainage authority.
The property is offered To Let on a new lease of 20 years on a Full Repairing and Insuring basis at a quoting rent of £20,000 per annum. In addition, a Premium of £15,000 is payable at the start of the lease to cover fixtures, fittings and goodwill of the business.
Rateable Value (2017 List): £27,250
Small Business Multiplier 2018/19: 48.0p in the £
Interested parties are advised to make their own enquiries of the Local Rating Authority (Fenland District Council, Fenland Hall, County Road, March, Cambridgeshire PE15 8NQ 01354 654321) as to the rates payable.
It is understood that the property has not been elected for VAT. Should any part of the transaction become subject to VAT this will be payable at the prevailing rate in addition to the sale price.
The Tenant will be responsible for reimbursing the Landlord's reasonable legal costs incurred in the preparation of the lease.
The current use of the property is long standing and believed lawful and falls within Use Class A3 (restaurants and cafes) as defined by the Town & Country Planning (Use Classes) Order 1987 (As Amended).
Further details from the Sole Agent Maxey Grounds & Co LLP, 22-24 Market Place, March, Cambridgeshire PE15 9JH. Contact Alan Faulkner
Tel: 01354 602030
For an appointment to view apply to the Agent.
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