Le Gros Franck, Cambridge

Leasehold for Sale

Rent: Passing Rent - £24,000 Ex VAT per annum

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Prominent 60 cover restaurant in central Cambridge

Key Points

  • 108 sq m Net Internal Area - (1,163 sq ft)
  • Prominent position close to Cambridge Station (c 10M passengers p.a.)
  • Opposite Botanical Gardens and CB1 City Quarter Development
  • Open trading over GF and basement for c 60 covers
  • Well equipped commercial trade kitchen
  • Licensing hours permit opening between 10:00 to 23:00 Monday to Saturday, which is not being utilised by the current owners.

Location

The area around the station has seen massive commercial and residential development in recent years. Cambridge is the most used station in the East of England and sees almost 10M passengers per annum. Le Gros Franck is situated in a prominent position, close to the junction with Station road, opposite the Botanical Gardens. Within walking distance are multiple office headquarters, including Mills & Reeve, Apple, Microsoft, Deloitte, Thales and Mott MacDonald.

Property

Le Gros Franck is a well presented lockup unit with open plan trading accommodation across ground floor and basement. 

The ground floor benefits from very high ceilings and glazed windows to the front, as well as a large servery and space for 20 covers. To the rear is a very well equipped commercial trade ktichen with extraction, wash up and storage areas.  There is rear access for deliveries and access to a rear bin store.

The basement provides additional trading areas with fixed seating for around 40 further covers, male and female WC's, plus additional storage and servery areas. An further internal staircase provides access to the kitchen and rear service yard.

Externally the property utilises a pavement licence for tables to the front. The net internal area of the unit, as measured by the VOA, is approximatley 108 sq m (1,162 sq ft).

Tenure

The property is held on a full repairing and insuring (FRI) lease held from Auditglen Limited from 2016 for a term of 10 years, subject to 5 yearly rent reviews. The passing rent is £24,000 per annum, exclusive of VAT. 

Trading Information

The business is open and trading and enjoys a well regarded reputation within Cambridge.  The business currently operates under limited trading hours and is closed during the evenings, which is a personal decision by the current owners.  

Planning

The property benefits from A3 Use Class (Restaurants & Cafe). We are advised that the property is not listed but is situated within a Conservation Area. Applicants are advised to make their own enquiries to Cambridge City Council at www.cambridge.gov.uk.

Licensing

The property is licensed for the supply of alcohol from 10:00-23:00 Mon-Sat with occasional extensions available. This is not utlilised fully by the exisiting operation. A copy of the Premises Licence can be provided on request.

Premium

The vendor is inviting offers for their leasehold interest inclusive of all goodwill and extensive trade fixtures & fittings. Stock at valuation will be payable in addition on completion. 

Rates & Charges

Business Rates
£12,454.00 per annum (based on a Rateable Value of £26,000)
Council Tax
Available on enquiry

57 Hills Road
Cambridge
Cambridgeshire
CB2 1NT