The restaurant premises comprises a detached restaurant unit in Alphington Retail Park, benefitting from a glazed return frontage to two main estate roads and external seating area to the front elevation
Location
Located in Alphington Retail Park, just off the A377 (Alphington Road), approximately 1 mile south west of Exeter city centre. Alphington Retail Park provides a wide range of retail and leisure offerings. Occupiers on the scheme include Nando’s, KFC, Starbucks, Snap Fitness, Consol and Sally Beauty
Accommodation
Ground Floor 3,408 sq ft (316sq m )
Terms
Services We are advised that all main services are connected to the premises. We confirm that we have not tested any of the service installations and any occupier must satisfy themselves independently as to the state and condition of such items.
Planning We are verbally advised that the accommodation has planning consent for restaurant use but any occupier should make their own enquiries to the Planning Department of Exeter City Council. Tel: 01392 277888 or Planning services - Exeter City Council
Business Rates Interested parties should make their own enquiries to Exeter City Council Council to ascertain the exact rates payable as a change in occupation may trigger an adjustment of the ratings assessment.. www.voa.gov.uk. From informal enquiries of the Valuation Office website, the premises has a Rateable Value of £117,000 (2023).
Energy Performance Certificate The EPC Rating is B(27) and the full certificate can be provided on request. Code for Leasing For the latest RICS advice on commercial property leasing, please consult the RICS Real Estate Code for Leasing 2020
Tenure / Lease Terms The Property is available by way of a new lease direct from the Landlord, on terms to be agreed. Planning | Rates | EPC | Terms Rent The property is offered to let for £125,000 per annum exclusive of VAT for the whole, or at a rent to be negotiated for part.
Legal Costs Each party is to be responsible for their own legal costs.
References/Rental Financial and accountancy references may be sought from any prospective tenant prior to agreement.
Prospective tenants may be required to provide a rental deposit subject to the landlord’s discretion.
VAT Under the Finance Acts 1989 and 1997, VAT may be levied on the rent.
We recommend that the prospective tenants establish the VAT implications before entering into any agreement.
AML A successful tenant will be required to provide relevant information to satisfy the AML requirements when Heads of Terms are agreed.