Restaurants in Ely available to rent
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Restaurants to Rent in Ely

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More details for 12-14 High St, Ely - Retail to Rent

12-14 High St

Ely, CB7 4LB

  • Retail to Let
  • £60,000 pa
  • 1,950 sq ft
  • 1 Unit Available Now

Ely Retail to Rent

The attractive Cathedral City of Ely has a resident population of approximately 20,256 and is located some 14 miles north-east of Cambridge, 23 miles south-east of Peterborough and 28 miles south of King’s Lynn. The city is dominated by a large Norman Cathedral which is a popular tourist attraction and in addition to its resident population, serves an extensive catchment in the surrounding rural area. Road communications are via the A10 (King’s Lynn to Cambridge main road) which links with the M11 (Junction 14) via the A14 trunk road 10 miles to the south. Ely also benefits from direct rail links to Cambridge, London, Birmingham and Manchester. Ely has experienced rapid growth in recent years, with development of new housing to the north and west, and new business parks near the station and at Lancaster Way. Ely continues to be a focus for growth within the district with the north of Ely identified in the Ely Masterplan vision as being suitable for the development of 3,000 homes by 2031. There are further plans to regenerate the station and riverside area while also expanding the city centre.

Contact:

Warrant Properties Ltd

Date on Market:

16/05/2023
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Frequently Asked Questions About Renting A Restaurant in Ely

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What should I consider before renting a restaurant?
Consider the location, footfall, nearby competition, size of the premises, kitchen facilities, extraction systems, licensing, business rates, and whether the layout supports your concept. Planning permission and permitted use are also key.
What is the typical lease length for a restaurant?
Most restaurant leases in the UK are between 5 and 15 years, often with a break clause or rent review after a set period. Short-term lets or pop-ups may be available in some areas.
Do I need planning permission to open a restaurant?
Yes, the premises must have the correct planning use class. Restaurants typically fall under Use Class E (formerly A3). If the premises does not have the correct use, you may need to apply for a change of use through the local council.
What licences do I need to operate a restaurant?
You will need a premises licence if you plan to serve alcohol, play music, or trade late. A food business registration with the local authority is also required before opening.
Are business rates included in the rent?
Usually not. Business rates are typically paid separately by the tenant. However, some landlords may offer rent packages that include rates or service charges. Always confirm what's included.
What is key money and is it common?
Key money is an upfront payment for securing a sought-after lease, often in high-demand areas. It can include fixtures, fittings, goodwill, or lease assignment value. It's more common in established restaurant areas like London or city centres.
Can I take over an existing restaurant?
Yes. Many restaurant premises are offered as lease assignments or with existing fit-outs. This can save on setup costs, but make sure to review existing equipment, licences, and obligations under the lease.
What should I check in the lease agreement?
Check repair obligations, permitted use, rent reviews, service charges, signage rights, and whether you can make alterations. Always seek advice from a solicitor familiar with commercial leases.
Can I renovate or fit out the restaurant space?
Generally yes, but you’ll need the landlord’s written consent for significant changes. Some premises come with a ready-to-use fit-out, while others are let as a blank shell.
How much does it cost to rent a restaurant in Ely?
Rental prices vary by area and size. Prime high street or city centre locations command higher rents, while fringe or suburban areas are more affordable. Additional costs include fit-out, licences, deposits, and business rates.
How do I find a restaurant to rent in Ely?
Search on LoopNet, and contact agents who specialise in hospitality and leisure property.

Find More Restaurants to Rent in and Near to Ely on LoopNet

Ely Restaurant Rental Market Summary

Key rental metrics for Restaurants in Ely and comparable markets. This snapshot combines rental rates and typical space sizes to provide a comprehensive view of the rental market.

Market Avg Rent Per Sq Ft Typical Size
Ely £21 1,307 sq ft
Cambridge £24 2,733 sq ft
Swaffham £4 5,231 sq ft
Peterborough £10 4,153 sq ft
Uxbridge £27 950 sq ft

Rent Analysis for Ely Area

Compare rental rates per square foot across cities near Ely. These rates help establish market benchmarks and identify opportunities for tenants and landlords in the commercial rental market.

City Min Rent Per Sq Ft Avg Rent Per Sq Ft Max Rent Per Sq Ft
Ely £20 £21 £23
Cambridge £19 £24 £26
Swaffham £4 £4 £4
Peterborough £9 £10 £10
Uxbridge £17 £27 £37

Available Restaurant Sizes Near Ely

Overview of Restaurant sizes currently available in the Ely area. Understanding the typical size range helps narrow your search based on space requirements and operational needs.

City Smallest Space Typical Size Largest Space
Ely 664 sq ft 1,307 sq ft 1,950 sq ft
Cambridge 1,144 sq ft 2,733 sq ft 5,316 sq ft
Swaffham 5,231 sq ft 5,231 sq ft 5,231 sq ft
Peterborough 2,531 sq ft 4,153 sq ft 5,152 sq ft
Uxbridge 400 sq ft 950 sq ft 1,500 sq ft

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