Restaurants in Okehampton available to rent

Restaurants to Rent in Okehampton

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Frequently Asked Questions About Renting A Restaurant in Okehampton

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

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

Okehampton Restaurant Rental Market Summary

Key rental metrics for Restaurants in Okehampton 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
Exeter £19 2,156 sq ft
Barnstaple £6 1,741 sq ft
Ivybridge £31 463 sq ft
Plymouth £12 2,715 sq ft
£21 900 sq ft

Rent Analysis for Okehampton Area

Compare rental rates per square foot across cities near Okehampton. 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
Exeter £10 £19 £27
Barnstaple £6 £6 £6
Ivybridge £31 £31 £31
Plymouth £3 £12 £27
£21 £21 £21

Available Restaurant Sizes Near Okehampton

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

City Smallest Space Typical Size Largest Space
Exeter 1,216 sq ft 2,156 sq ft 3,408 sq ft
Barnstaple 1,741 sq ft 1,741 sq ft 1,741 sq ft
Ivybridge 463 sq ft 463 sq ft 463 sq ft
Plymouth 645 sq ft 2,715 sq ft 10,993 sq ft
900 sq ft 900 sq ft 900 sq ft

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