Restaurant Investment Ground & Basement

Located at the busy junction with Holdenhurst Road and Christchurch Road, close to multiples such as Ladbrokes, Papa Johns, Subway, Domino's, and Betfred, this restaurant investment opportunity is situated in Bournemouth. Bournemouth Railway Station is less than half a mile distant, offering CrossCountry and South Western Railway services. Bournemouth is a popular seaside resort on the South Coast, approximately 25 miles south-west of Southampton. The property forms part of a terraced building and comprises a ground floor and basement restaurant. The ground floor features a restaurant area of approximately 650 sq ft, a kitchen and prep area of approximately 390 sq ft, and two WCs. The basement provides a seating area of approximately 370 sq ft. The property is held on a leasehold for a term of 999 years from 29th June 1984 at a peppercorn ground rent. It is let on a full repairing and insuring lease to KK-Cchin Sushi Bar Limited as a sushi bar for a term of 10 years from 21st January 2020 at a current rent of £17,850 per annum exclusive, rising to £18,500 per annum in January 2028. The tenant did not action their January 2027 break, and an £8,500 rent deposit is held. VAT is not applicable to this lot.