Agency logo

The Former Ra Ra Bar, 28 Market Place, Grantham, NG31 6LR

2,090 sq ft, £20,000 pa

To let
Save

Share

Rent: £20,000 P.A.X LEASEHOLD

TO LET

•Town centre, ready to trade A4 Bar opportunity with Restaurant potential.

•Premises spread over basement and ground floor levels.

•Located in a prime town centre pitch at the heart of the established Bar and Pub circuit.

•Total net internal area approx. 194 Sq M (2,090 Sq Ft)

•New effective full repairing and insuring lease available for a minimum term of 5 years.

•Ingoing premium required for fixtures and fittings plus rent deposit.

194 sq m (2,090 sq ft)


LOCATION
Grantham is an expanding and popular market town in South Lincolnshire with a resident population of approximately 38,000 people as of the 2011 Census with …

Rent: £20,000 P.A.X LEASEHOLD

TO LET

•Town centre, ready to trade A4 Bar opportunity with Restaurant potential.

•Premises spread over basement and ground floor levels.

•Located in a prime town centre pitch at the heart of the established Bar and Pub circuit.

•Total net internal area approx. 194 Sq M (2,090 Sq Ft)

•New effective full repairing and insuring lease available for a minimum term of 5 years.

•Ingoing premium required for fixtures and fittings plus rent deposit.

194 sq m (2,090 sq ft)


LOCATION
Grantham is an expanding and popular market town in South Lincolnshire with a resident population of approximately 38,000 people as of the 2011 Census with an extensive catchment area. The town has been awarded Growth Point Status and is set to grow dramatically both residentially and commercially in coming years. Grantham benefits from excellent road communication links via the A1 to the regional road and national motorway networks as well as main line rail connection to London Kings Cross with a journey time for approximately 75 minutes.

The former Ra Ra Bar at 28 Market Place occupies the prime town centre position at the heart of the established Bar/Pub circuit and is located close to a number of public car parks.

DESCRIPTION
The property briefly comprises the Basement and Ground floors of this much larger building which are fitted-out internally as a Bar with disabled WC facility, Cellar and Wash-up area at Ground Floor level with stairs leading to the Basement which is laid out as with a further Bar with seating areas leading to the disco area and with Ladies and Gentlemens facilities off. At Basement level the property offers features such as exposed brick barrelled ceilings to part together with exposed brick walls. The property benefits from ceiling mounted electric air conditioning/heating units at both Ground and Basement levels.

We consider the property to be suitable for continued use as a Bar Premises but alternately would suit a Restaurant operator and planning permission already exists for such a use given the established A4 consent appropriate to the Premises.

ACCOMMODATION
We have measured the premises on a net internal area basis and the property briefly comprises the following:

Description sq m sq ft
Basement
Bar, seating area and disco134 1,442
Store 9 99
Ladies and Gentlemens WC's
Ground Floor
Bar 51 549
Disabled WC
Cellar
Wash-up Bay
Total GIA 194.0 2,090

SERVICES
We understand that the property connected to mains electricity, water and drainage and that mains gas may be available in this location. We recommend that prospective tenants check on the adequacy, condition and provision of any services the relevant Statutory Authorities prior to making an offer to take a new lease in respect of this property.

Please note that Brown & Co have not tested any of the utilities or apparatus contained within the premises and that such no warranty is either implied or given as to their condition.

TERMS
The property is to be made available by way of a new effective full and insuring lease for a minimum term of 5 years.

Rental Terms
The premises are available at rent of £20,000 per annum exclusive of VAT, if applicable.

OUTGOINGS
The property is assessed under the 2017 Rating List as a Shop and Premises with a Rateable Value of £17,500. For further information and to confirm the level of Business Rates payable please contact South Kesteven District Council Tel: 01476 406080.

VAT
The rental terms quoted within these Letting Particulars are exclusive of, but maybe liable to, VAT at the prevailing rate and prospective tenants should clarify the position regarding VAT prior to entering into a commitment to take a new lease in respect of this property.

LEGAL COSTS
Each party will be responsible for their own legal costs incurred in the preparation of the new lease.

PLANNING
The property has been used for a number of years as a Bar and Premises and as such has an established use falling under Use Class A4 of the Use Classes order 2016. Such a Use Class allows the property to be used for any purpose falling under Use Classes A1 (Retail), A2 (Estate/Letting Agency and Professional Services), A3 (Restaurant/Café), A4 (Public House/Bar).

We understand that 28 Market Place is a Grade II Listed building and is situated within an established Conservation area.

Prospective tenants are advised to make their own enquiries in respect of planning-related matters via the Planning Department at South Kesteven District Council Tel: 01476 406080.

OTHER
Licensing
Prospective tenants are advised to clarify what Licences are appropriate to the subject property via the Licensing Department at South Kesteven District Council Tel: 01476 406080.
Premium and Rent Deposit
A premium is being sort for the fixtures and fittings contained within the premises and an inventory in this regard its available through Brown & Co as Sole Lettings Agents. Our client also requires the ingoing tenant to pay a rent deposit, the amount of which will be dependent upon the lease and rental terms agreed, and the business history and expertise of the ingoing tenant.

EPC Rating
The property has an EPC Rating of G164.


Read more »

Make enquiry

You are enquiring about: The Former Ra Ra Bar, 28 Market Place, Grantham, NG31 6LR £20,000 pa

By submitting this form you are agreeing to our website terms and conditions, and consenting to cookies being stored on your computer.

Arrange a viewing

How do I find out about the latest properties?

Register with us and we will email you properties matching your search requirements.

Go

Living in Grantham

Find out about living in Grantham, local schools, transport links, events...

Find out more »