25-27 Northgate Wakefield WF1 3BJ

This is a restaurant premises comprising of a modern double fronted shop front offering broadly open plan accommodation. The property forms part of the Bullring House complex which is one of Wakefield’s most prominent city centre buildings located within the “restaurant quarter” of the city centre.

The well presented restaurant area comprises of approximately 80 seats and a bar area. To the rear is an open kitchen with a further smaller kitchen along with pot wash area, beer cellar and a rear entrance area.

The premises include a DDA compliant wc along with male and female wc’s.

**Please note the business is available to purchase and the property is available to let by way of an assignment of the current lease. All interested parties should liaise directly with the current tenant.**

Accommodation

Main restaurant area including bar – 42ft 3in x 37ft = 1,563 sq ft

Pot wash area – 6ft x 7ft 3in = 44 sq ft

Beer cellar – 11ft 3in x 7ft 3in = 82 sq ft

Main kitchen area – 16ft 10in x 8ft 6in = 143 sq ft

Smaller kitchen area – 10ft 11in x 4ft 9in = 53 sq ft

Rear entrance area – 12ft x 7ft 9in = 93 sq ft

Total net internal area = 1,978 sq ft plus wc facilities 

Location

The property occupies a very visible location fronting onto Northgate at its junction with the Bull Ring. This area has become the “restaurant quarter” of the city over the years. Other nearby occupiers include Rustico, Olive & Mezze, Bella Roma, Calder & Hops Public House, Mumbai Lounge and Sofra Lounge to name a few.

Lease

Full Repairing & Insuring lease within the Landlord & Tenant Act 1954

6 year lease from 24th September 2024 to 23rd September 2030

Tenant only break date of 23rd September 2027

Year 1 rent: £38,000 per annum

Year 2 rent: £42,000 per annum

Year 3 rent: £45,000 per annum

Rent review date of 24th September 2027

There is a service charge applicable to this lease as it comprises 10.29% of the whole building of Bull Ring House.

Current rent

£38,000 per annum

Rateable Value

According to the local authority the rateable value for this property is £32,500

VAT

VAT is applicable to this property

EPC

The EPC rating for this property is: C-69

Legal fees

Each party is to be responsible for their own legal costs.

Small Business Rate Relief

Small Business Rate Relief will not be applicable to this property

Viewings & further enquiries

For viewings & further enquiries please contact our agents (Vickers Carnley) as follows:-

Lee Carnley – 01924 291500 – lee.carnley@vickerscarnley.co.uk

Isobel Smith – 01924 291500 – isobel.smith@vickerscarnley.co.uk