The main restaurant was extensively and sympathetically refurbished in 2020. It benefits from extensive glazing on two elevations and a wooden effect/tiled floor with wall and ceiling mounted lighting.
There is a free standing bar area together with small sink. Behind the restaurant area is a large kitchen with a further preparation area and storage to the rear including a walk-in fridge. Separate customer and staff w.c facilities are provided and there is additional basement storage.
Location
The premises are situated on one of Old Town’s finest streets which is popular with a variety of independent shops, bars and restaurants. Old Town is a bustling part of Swindon with supermarkets, local retailers, restaurant & pubs and commercial occupiers all in close proximity. The premises comprises a ground floor lock up restaurant/ retail unit and is situated in a prime position fronting Wood Street with return frontage to the pedestrian link to the pay and display car park to the rear. There is an additional separate pedestrian access to the side leading onto Michael’s Way
Accommodation
1,032 sq ft net (95.91 sq 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 understand that the premises have a current planning consent for a restaurant which may also be suitable for retail use, but any occupier should make their own enquiries to the Planning Department of Swindon Borough Council. Tel: 01793 445500 or www.swindon.gov.uk The premises can be used between the hours of 7am and 11pm.
Business Rates The Valuation Office Agency website lists the property as Restaurant and Premises with a Rateable Value of £13,250. Interested parties should make their own enquiries to Swindon Borough Council to ascertain the exact rates payable as a change in occupation may trigger an adjustment of the ratings assessment www.voa.gov.uk .
Energy Performance Certificate An EPC has been commissioned and will be available for inspection.
Code for Leasing For the latest RICS advice on commercial property leasing, please consult the RICS Real Estate Code for Leasing 2020
Terms The property is available by way of assignment of the existing 20 year lease which expires on 7 October 2030.
Rent The current passing rent is £16,000 per annum exclusive of VAT. There is a rent review on 8 October 2025.
Legal Costs Each party is to be responsible for their own legal costs.
References/Rental Deposits 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 will be levied on the rent. We recommend that any prospective tenants establish the VAT implications before entering into any agreement.
Anti Money Laundering A successful tenant will be required to provide relevant information to satisfy the AML requirements when Heads of Terms are agreed.
Specification
- High Street Frontage
- Restaurant/Café/ Retail
- Nearby Population
- Dual Glazed Frontage