Lease Premium Available in Dorset

Sherborne, Dorset
REF: R07118

Asking Price:
£63,000
Annual Turnover:
TBC
Annual Net Profit:
TBC
REF: R07118

Overview

Tenure:
Leasehold
Established:
2018
  • High levels of footfall
  • Recently renovated
  • Low rent
  • Protected lease
  • Large amount of local tourism

This is a fantastic opportunity to purchase the lease premium of a fantastic premises in Dorset.

Currently operating as a Thai restaurant, the successful purchaser will benefit from taking over an impressive, recently renovated premises which can currently accommodate up to 48 covers.

Ideally located in a bustling, high-street location – the business is perfectly situated to take full advantage of local tourism to the area, leading to high levels of passing trade.

The current lease has a remainder of 8 and a half years and is fully protected, ensuring a new owner can take full advantage of the extremely reasonable rent without a charge for renewal. The sale of the current business’s equipment as well as fixtures and fittings is to be negotiated.

Located in the affluent town of Sherborne, the restaurant is located on the bustling high-street – just a short walk from the local train station and popular tourist spots.

Customers enter straight into the main restaurant area, currently accommodating up to 48 covers. To the back of the room are the customer toilets and access to a well-equipped kitchen, storage space and the drinks cellar. A staircase rises to the first floor, currently being utilised as a cocktail lounge. Externally there is a rear yard complete with a walk-in freezer.

This is a fantastic opportunity for an individual seeking commercial premises in the area.

With the current lease protected and low rent guaranteed, one would struggle to find a better rate in the surrounding area. Already well-equipped and licensed to run as a restaurant, the property could easily be adapted to accommodate another catering business of the purchaser’s choice.

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  • Town centre location
  • Close to local businesses
  • Good transport links
  • High-street premises
  • Residential area
Rent
£10,000
Rates
£6,000
Lease Term
10
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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