Martini Restaurant, Leighton Buzzard

Leasehold for Sale

Rent: Offers in the Region of £20,000 Ex VAT per annum exc VAT

Price: Offers in Excess of £35,000 Ex VAT

Busy town centre site

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Established and thriving business

Key Points

  • 1,523 sq ft Net Internal Area - (141 sq m)
  • New lease available, or alternatively Freehold offers will be entertained
  • Thriving Italian restaurant in town centre location
  • Character trade areas with exposed brickwork and timber beams
  • Al fresco courtyard to rear- 50+ covers
  • Newly constructed and extended commercial trade kitchen to rear

Location

The property is well located in the centre of Leighton Buzzard a vibrant town between Luton and Milton Keynes with a population approaching 40,000. Martini Restaurant is located to the east of town centre and High Street along Hockliffe Street close to a number of surrounding car parks and is very well presented in excellent decorative order.

Property

Martini Restaurant is a character brick and timber framed terraced 2 storey brick and timber framed property under pitched tiled roof. The characterful restaurant is accessed via a central doorway into a largely open plan character trade area for 56 covers, formally laid with exposed brickwork and beamed ceilings.

To the rear is a bar servery and a relatively newly constructed and equipped commercial trade kitchen to the rear.

The 1st floor provides a secondary trade area with dedicated bar servery used for private parties and functions with devoted internal staircase.

Externally there is a large paved patio area for al fresco dining which is extremely popular in summer months. This area can accommodate a further 50+ covers. Access for bins is through a shared archway giving access from the front pavement to the rear courtyard.

Comments

The building is capable of being converted to various licensed uses such as café, coffee shop or bistro, subject to the necessary consents.

The property is exceptionally well presented in excellent condition with newly equipped kitchen equipment and general fixtures and fittings, capable of being efficiently run without high wage costs.

Measurements

The gross external area of the ground floor footprint is in the region of 100m² / 1,075 sq ft. The area of the site, as measured from digital mapping, is approximately 195m². The net internal trade area is stated as 141.5m² (1,523 sq ft) from the VOA, which includes the 1st floor.

Turnover & Accounts

The business is in growth having been successfully run by the current owners as an Italian restaurant for many years. Accounts for the highly profitable business can be made available on request from genuinely interested parties.

Price & Terms

The business is available by way of a new FRI lease for a term to be mutually agreed at a rent in the region of £20,000 pax.  In addition an ingoing premium is sought in excess of £35,000 to include all fixtures and fittings and kitchen equipment with SAV.

Alternatively offers will be entertained for the freehold interest with the benefit of vacant possession to include all trade inventory.

Rates & Charges

Business Rates
£0.00 per annum (based on a Rateable Value of £10,750)
Council Tax
Available on enquiry

19-21 Hockliffe Street
Leighton Buzzard
Bedfordshire
LU7 1EZ