This restaurant and cocktail bar is situated on a prominent corner position along Watling Street (A2) which serves the local community of upper Gillingham and Darland as well as the excellent passing trade from people travelling between the Medway Towns. Neighbouring shops include a One Stop Shop and Betfred with the rest being made up of independents including a hairdressers, chemist, bathroom shop, pub, restaurants, nail salons etc.
There is also a new development planned opposite which is believed to be a large food store plus residential units.
Approximately 882 sq.ft. (81.9 sq.m.)
Lease: The assignment of the current lease with 18 years unexpired is being offered at a rental of £15,000 per annum exclusive.
Premium: These premises were only recently fitted out and therefore our client is looking for a premium in the region of £60,000 for the benefit of the fixtures and fittings. An inventory is available on request listing the equipment that will remain.
Rates: Rateable Value is £11,000. (this is not the rates payable figure). This property may be subject to Small Business Rate Relief and enquiries should be made directly with Medway Council.
Rent Deposit: Our client will require a rent deposit equivalent to one quarters rent.
Legal Costs: Each party to be responsible for their own legal costs.
