Restaurant In 2011 the restaurant was leased out to a tenant who changed the concept to a 'World Buffet' style and made considerable changes to the layout and structure. Due to unrelated other business issues the tenant left the business in 2016. Since 2016 until today the restaurant has been occupied by a caretaker tenant running a basic business whilst the surrounding building has been converted and renovated. As this work is now coming to an end we are seeking a new long term tenant to take who can come introduce fresh new concept to this versatile and flexible business space.
The restaurant occupies the ground floor unit of a 3 storey detached property fronting two city centre streets directly off the main ring road. The upper floors are now nearing the completion of being converted to 13 self contained flats. It has modern fixtures and fittings and benefits from having an extensive inventory including all kitchen equipment, plant, cutlery, utensils, furniture and certifications.
Heads of Terms Annual rental: £25,000 (no VAT charged or any service charges) Current rateable value: £28,000 with rates paid approx. (£18,000) Minimum lease term considered: 4 years Security deposit required to protect notice period and inventory negotiable.
Facilities Currently set up for 150 covers in restaurant area Further 50 covers in bar area Air conditioned throughout Fully equipped kitchen to suit Indian style cooking Fully equipped bar with beer air conditioned beer cellar and coffee machine Fully equipped open theatre kitchen (currently mothballed) Central heating via gas boiler Hot water via separate gas boiler LED lighting throughout, CCTV, monitored burglar alarm, fire alarm, disabled access throughout. 15 feet high cascading water feature Available to occupy within 1 calendar month subject to terms
Location WV1 City centre adjacent to large surface council operated car park. Right in the centre of the new Westside development zone which is bringing a vue cinema and multiple retail and leisure outlets opening in 2020. Easy access by car from Ring Road and 1⁄2 mile from the rail/bus terminus and theatre. Wolverhampton is currently undergoing extensive development which will greatly improve footfall in this area within the next few years.
Property descriptions and related information displayed on this page are marketing materials provided by Leighton Paul property. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Leighton Paul property for full details and further information.
Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.