Established Business For Sale -785 Sq. Ft. Wimborne Town Centre Restaurant and Take Away in Sought After Market Town
The attractive and historic East Dorset market town of Wimborne Minster is situated approximately 5 miles north of Poole and some 10 miles north west of Bournemouth.
The town features a vibrant mixture of local and national retailers. Waitrose have a town centre store and other quality names represented in Wimborne include Fat Face, Rohan, Sea Salt, White Stuff, Crew Clothing, Moshulu, and Phase Eight.
Wimborne also enjoys a strong foody scene with a variety of high-quality restaurants and other eateries trading in the town.
The Wood Fired Piadizza Co occupies an excellent corner trading location within this characterful, modern retail parade just off The Square. The restaurant fronts Mill Lane which is a busy, mainly pedestrian, thoroughfare linking The Square and Crown Mead shopping precinct and car parks.
A well-presented restaurant and bar which currently offers 42 covers inside, seated on upholstered benches and seats. The space could potentially accommodate more however and, in addition, there are 8 bar stool positions.
In addition to the restaurant space there is a good-sized kitchen, storeroom, accessible WC and rear lobby giving access to a rear loading area.
The restaurant space incorporates a timbered bar and features good natural lighting, ambient lighting and 'Karndean' natural wood effect flooring.
Internal Width: 14'11" 4.55M
Restaurant Depth: 37'0" 11.28m
Restaurant: 543 sq ft (50.46 sq m)
Kitchen: 166 sq ft (15.42 sq m)
Storeroom: 76 sq ft (7.06 sq m)
Total Internal Area: 543 sq ft (50.46 sq m)
Rateable Value £9,400
Source www.voa.org.uk The 2023/2024 small business multiplier is 0.499 (49.9p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.
LEASE TERMS
The premises are held on the residue of an effectively full repairing and insuring lease (via service charge) granted for a term of 10 years from 30th March 2016 at a passing rent of £20,000 per annum, exclusive.
We understand that there are two outstanding rent reviews from 2019 and 2022 although no related notices have been served on the tenants by the landlords.
PRICE
Offers are invited in the region of £50,000 for the leasehold interest, goodwill, trade fixtures, fittings and equipment with stock (if required) to be purchased in addition at valuation.
We understand that planning consent exists for restaurant and take away use. Applicants must, of course, satisfy themselves that the premises have planning consent for their own intended use.
Asset Rating - D86
All interested parties should be aware of the Code of Leasing Premises 1st Edition, February 2020, for England and Wales, which recommends that they should seek professional advice from property professionals before agreeing or entering into a business tenancy.
Please note all prospective purchasers will need to be verified for 'Anti Money Laundering' purposes prior to issuing memorandum of agreed terms of sale.
Atmospheric Town Centre Licenced Restaurant and Take Away
( Agency Pilot Software ref: 8034 )