Leasehold restaurant in Carlisle

This property is marketed by:
Sidney Phillips

Key Features

• Edge of Carlisle city centre
• Main A road position
• 3 section trade area (90)
• Two one-bedroom apartments
• Currently closed
• New flexible lease terms

Description

Vacant restaurant premises on prime main road position.

Location

Terracotta Restaurant is located in the hamlet of Carleton in the historic city of Carlisle. The city lies at the confluence of the rivers Eden, Caldew and Petteril and offers a wealth of culture and points of interest including Carlisle Castle, Tullie House and Stanwix Roman Fort. It is also within easy reach of the Lake District National Park, The North Pennines and Hadrian's Wall. The property is situated on the A6, just minutes from the M6 motorway to the east and the city centre to the west. The A69 provides links to Hexham and Newcastle Upon Tyne.  The property is of stone/brick construction over two storeys and holds an end terrace position under a pitched slate roof.

Tenure

LEASEHOLD £10,000 to include trade inventory

TERM 5 or 7 years

LANDLORD & TENANT ACT 1954 Inside Part II Landlord & Tenant Act 1954

ASSIGNABILITY Fully assignable subject to Landlord’s consent

BOND A bond of £5,000 plus personal guarantees if the lease is taken as a Limited Company

RENT £26,000 per annum, paid monthly in advance

RENT REVIEW Subject to rent reviews every third year of the term

REPAIR LIABILITY Full repairing and insuring lease agreement

TIE Free of all trade ties

INSURANCE The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent

VAT VAT will not be payable on the Premium and rental payments