Restaurant for sale

53 Ironmarket, Newcastle-Under-Lyme, Staffordshire ST5


£300,000
8,500 ft²

Features

  • Central heating
  • Double glazed
  • Leasehold
  • Modern open plan living
  • New development
  • Newly built two bedroom apartments

Description

Location
The premises are located at the corner of Ironmarket and Market Lane in Newcastle-Under-Lyme town centre. Ironmarket is one of the main shopping streets in the town centre. Ironmarket is flanked on both sides by a range of buildings of varying age and style of construction, and which are mainly in retail use, but there are also numerous public houses, cafes and restaurants.

Description
A well-presented three storey town centre commercial premises with full glazed frontage, located within the pedestrianised area of Newcastle-under-Lyme. Most recently trading as a restaurant but would also be suitable for alternative uses including professional offices or retail.

Accommodation
Ground Floor comprises:

An attractive spiral staircase and a circular bar and seating area; (both situated to the front section of this property), and to the rear is the main seating area behind a curved glass partition with the male and female wc's nearby.

Total nia: 2,125 sq. Ft.

Second Floor comprises:

A seating area with nearby wc's, along with access to the third floor plant room and a fire escape exit to the rear. Followed by a kitchen which is located beyond the aforementioned seating area, are two dumbwaiters, a stores area and an office.

Total nia: 2,125 sq. Ft.

Services
Mains, gas, water, drainage and electricity connected. The property benefits from two dumb waiters serving all floors. Please note that no services have been tested by the agents.

Terms
Tenure

Available freehold, subject to contract and vacant possession upon completion.
Available by the way of a new internal and insuring lease for a term of years to be agreed, subject to rent reviews every three years and with the incoming tenant being responsible for the landlords reasonable legal fees.

Outgoings
Rateable Value:£48,750
Rates Payable:£23,936.25 pa (19/20)

VAT
The sale/rental price is subject to VAT.

Planning
It is recommended that potential occupiers make all enquiries to their local authority in order to satisfy themselves that their proposed use is authorised in planning terms.

Categories

Restaurants
Property reference
CP35464_42