Lease for Sale including fixtures and fittings + SAV
Summary
- Prominent high traffic area
- Fully refurbished to an excellent standard
- Located on the Corner of Kingsway and School Lane
- Turn key opportunity
- Double frontage providing two separate business opportunities
- High quality fixtures and fittings included
- East Didsbury location
Accommodation
The accommodation comprises the following areas:
| Floor/Unit | Description | sq ft | sq m |
| Ground | Dining Area (inc New Yorker Milkshakes) | 614 | 57.04 |
| Ground | Counter Area | 205 | 19.05 |
| Ground | Kitchen | 399 | 37.07 |
| Ground | Pot wash area | 26 | 2.42 |
| Ground | Store | 40 | 3.72 |
| Total | 1,284 | 119.30 |
Location
Situated in a prime position on the corner of Kingsway (A34) and School Lane along a parade of local retailers in an otherwise residential location. The property is within walking distance of Didsbury town centre, one of South Manchester's most affluent leisure and residential locations.
Manchester City Centre is situated approximately 6 miles to the north with excellent transport links, being located approximately 2 miles from the M60 motorway.
Get directions from Google Maps
Mainline Stations
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Burnage8 mins
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East Didsbury9 mins
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Mauldeth Road24 mins
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Gatley32 mins
Underground Station
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Chesham2627 mins
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Amersham2665 mins
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Chalfont and Latimer2691 mins
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Chorleywood2724 mins
Further Information
Price Offers in excess of £120,000
Rent £18,000 per annum
Rates Payable £5,665 per annum
Service Charge n/a
EPC Rating This property has been graded as D (92)
Description
The property comprises a two storey end terrace building of brick construction beneath a flat roof. The subject of this letting is the restaurant/takeaway unit to the ground floor which has been split by the present occupiers to provide 'Nashville Restaurant' to the main of the building fronting onto Kingsway and a smaller 'New Yorker' dessert offering off School Lane.
The restaurant has been fully refurbished in the last 5 years at a cost of circa £350,000 by the present occupiers and provides a contemporary and vibrant takeaway premises with seating for 12, serving counter, good sized kitchen with washing area and walk in fridge, staff toilets, storage room, and separate dessert counter fronting School Lane.
Terms
The premises are available by way of an assignment of the existing 20 year effective FRI lease from 8th June 2021. The lease is subject to 5 yearly rent reviews and mutual break options.
Premium
The outgoing tenant is seeking offers over £120,000 for this ‘turn-key’ opportunity with the majority of fixtures and fittings to remain. An inventory can be provided on request to potential purchasers.
Rent
The passing rent is £18,000pa with rent payable on the usual commercial quarter dates
Business Rates
Rateable Value (2026 List) - £23,500
Rates Payable are believed to be in the region of £5,665.25 based on a rate of 38.2p/£ (Small Business RHL Multiplier) with transitional relief and small business support currently available.
Legal Costs
Each party are to be responsible for their own legal costs incurred in this transaction.
VAT
We understand that VAT is applicable to the rent on this property.
Gallery
