Vacant restaurant premises on prime main road position.
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.
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
Contact us via [email protected]