About this property

Detailed Description

The Rowley Arts Centre was opened in May 2014 and comprises of a six screen cinema (Cineworld), three restaurant units, a gym; three residential flats above and a public plaza and thoroughfare.

The subject property is a single storey restaurant premises (formerly occupied by Frankie & Benny's) and remains fully fitted out to the Frankie & Benny's specification. There is also an external seating area.

There is a large, dedicated car park to the rear of the complex for the benefit of customers.

There are also numerous car parks serving the town centre close by. Public short-stay car parking is available in the Market Square. Long stay car parking is available at Tebbutts Road/Tan Yard.

Location

St Neots is a rapidly expanding town located on the banks of the River Great Ouse with a population of well over 30,000 residents. Adjoining and nearby settlements such as Little Paxton, increase the population figure to c. 40,000. The retail catchment is estimated to be in excess of 80,000. St Neots has the fastest rate of population growth within the County.

Benefiting from its rail links to London Kings Cross (typical journey time of 45-55 minutes), the town has seen a considerable expansion of its commerce and industry in recent years. It also enjoys excellent road communications with London and the east coast ports, being located at the intersection of the A1 trunk road and the A428/A421 Cambridge - Bedford M1 - Milton Keynes route. The opening of the A14 and A428 dual carriageways have significantly improved accessibility to the Midlands and the North West.

The town has a good range of shopping and leisure facilities with many national multiple retailers represented, including Boots, Waitrose, Fat Face, Marks & Spencer Simply Food and Waterstones. There are also a range of interesting smaller retailers.

Accomodation

Gross Internal Area 343 sq m 3,700 sq ft

ITZA 202 sq m 2,173 sq ft

Business Rates

The property may benefit from Small Business Rates Relief which may reduce the rates payable. Please contact the agents for more information.

Services

All mains services are available and connected to the premises. Drainage is to the mains sewers.

Interested parties are advised to make their own enquiries of the relevant utility companies to ensure that the capacity of services etc is adequate for the proposed business operation.

Viewing

Strictly by appointment via the Letting Agents.

Legal Costs

Each party will be responsible for their own legal costs incurred in documenting the letting.

Other

Planning

The property is understood to benefit from planning permission for Class E and Sui Generis (A3, A4 and A5) uses of the Town and Country Planning (Use Classes) (Amended) (England) Regulations 2020.

Terms

The property is offered on a full repairing and insuring lease on terms to be agreed.

Guide Rent: £55,000 per annum exclusive and payable quarterly in advance by Bankers' Standing Order.

Service Charge

The Tenant will be required to contribute towards the apportioned costs towards maintenance of the property. The Service Charge for the current year is £1,507.12 per quarter. Buildings Insurance is excluded.