Location
Fronting the historic High Street in Guildford, with its principal entrance in the cobbled Angel Gate shopping thoroughfare with the accommodation sitting within the confines of the Angel Hotel, a Grade II listed building. Occupiers adjacent include GAP, Boots, Superdrug, Ernest Jones, Russell & Bromley and Rituals
Description
This is a fully fitted restaurant arranged on ground and basement levels including kitchen and preparation areas at basement level, principal restaurant at ground floor overlooking Angel Gate and the High Street and a trading basement known as The Crypt. Male and female WC’s.
Accommodation
| Ground floor trading area | 1,340 sq ft | 124.5 sq m |
| Basement trading area | 582 sq ft | 54.07 sq m |
| Kitchen | 423 sq ft | 39.30 sq m |
| Preparation & storage area | 495 sq ft | 45.99 sq m |
| Total area | 2,840 sq ft | 263.84 sq m |
Tenure
The property is held on effective full repairing and insuring lease expiring on the 9th September 2037, with rent reviews at 5-year intervals. The September 2022 rent review is outstanding. The current rental is £120,000 per annum exclusive of rates, service charge and VAT (if applicable).
Transaction
An assignment of the lease is offered and offers are invited. Alternatively, our clients may be prepared to grant an underlease for a term to be agreed.
Business Rates
Rateable Value until April 2023 is £129,000
Rateable Value from 1st April 2023 is £114,000
Legal Costs
Each party to bear their own legal costs incurred in the transaction
Viewing
The staff are unaware of the availability and all inspections are to be made strictly with the sole agents.
01483 300 176
