Restaurants in Modbury available to rent
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Restaurant to Rent in Modbury

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Restaurants to rent within 10 miles of Modbury

More details for 103 Ridgeway, Plymouth - Retail to Rent

103 Ridgeway

Plymouth, PL7 2AA

  • Retail to Let
  • £25,000 pa
  • 700 sq ft
  • 1 Unit Available Now
  • Air Conditioning
  • Private Toilets

Plymouth Retail to Rent

Olive & Twist is located in an excellent trading position directly opposite Boots the Chemist in the heart of The Ridgeway, the main shopping thoroughfare serving the popular residential suburb of Plympton approximately 4 miles from the city centre of the major South Devon city of Plymouth. There are a full and varied selection of businesses represented nearby including various multiples such as Wetherspoons, Boots, Superdrug and Iceland. The area is serviced by a number of free public car parks all within comfortable walking distance. The business enjoys an excellent and consistent year round trade serving the surrounding residential and commercial area. Plymouth, with a population of over 264,000 is the largest city in the West Country. Largely rebuilt since World War II it is now a thriving industrial and commercial centre and is still one of the Royal Navy's principal base and warship repair dockyards. The city has excellent educational, recreational and entertainment facilities and access to the rest of the country is gained by road via the A38/M5 motorway and by rail. Europe is also accessible by the car/passenger ferry which is operated from its terminal at Millbay Docks. The premises are mid terraced and under the present ownership, the property has been extensively renovated and refurbished. It now comprises a charming and most attractive contemporary restaurant and bar area together with servery and kitchen and customer toilets at ground floor level, together with a large enclosed terraced trade patio to the rear and private car parking space. In addition, there is a self-contained one bedroom maisonette to the upper floors. An early viewing appointment is highly recommended to fully appreciate the location, quality and appeal of this reputable and well established concern.

Contact:

Huntley & Partners

Date on Market:

24/09/2025
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LoopNet UK Devon Restaurants To Rent in Modbury, UK

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Frequently Asked Questions About Renting A Restaurant in Modbury

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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 Modbury?
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 Modbury?
Search on LoopNet, and contact agents who specialise in hospitality and leisure property.

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

Modbury Restaurant Rental Market Summary

Key rental metrics for Restaurants in Modbury 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
Plymouth £13 2,435 sq ft
Exmouth £15 1,318 sq ft
Exeter £18 1,872 sq ft
St Austell £7 12,521 sq ft
Sidmouth £15 1,499 sq ft

Rent Analysis for Modbury Area

Compare rental rates per square foot across cities near Modbury. 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
Plymouth £6 £13 £27
Exmouth £15 £15 £15
Exeter £10 £18 £27
St Austell £6 £7 £9
Sidmouth £15 £15 £15

Available Restaurant Sizes Near Modbury

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

City Smallest Space Typical Size Largest Space
Plymouth 500 sq ft 2,435 sq ft 10,993 sq ft
Exmouth 1,318 sq ft 1,318 sq ft 1,318 sq ft
Exeter 1,216 sq ft 1,872 sq ft 3,408 sq ft
St Austell 1,717 sq ft 12,521 sq ft 40,469 sq ft
Sidmouth 1,499 sq ft 1,499 sq ft 1,499 sq ft

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