Restaurants in Wavendon Gate available to rent
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Restaurant to Rent in Wavendon Gate (Milton Keynes)

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Restaurants to rent within 5 miles of Wavendon Gate (Milton Keynes)

More details for 394-398 Midsummer Blvd, Milton Keynes - Retail to Rent

City Stay Apartments - The Hub - 394-398 Midsummer Blvd

Milton Keynes, MK9 2EA

  • Retail to Let
  • 3,242 sq ft
  • 1 Unit Available Now
  • Security System
  • Smoke Detector

Milton Keynes Retail to Rent

Located at 396-398 Midsummer Boulevard in the heart of Milton Keynes, this prime property offers a total of 5,538 sq ft (514.5 sq m) of versatile space across three levels. The ground floor provides a spacious 3,242 sq ft restaurant area, complemented by a 1,529 sq ft basement and a 767 sq ft lower basement, ideal for additional dining, office, or storage use. The property is ideally situated adjacent to The Hub, a vibrant area featuring restaurants, cafes, hotels, and retail outlets, attracting high footfall from both local workers and visitors. Additionally, it is within walking distance of thecentre:mk, one of the UK’s largest shopping centres, and just a 10-minute walk from Milton Keynes Central Station, offering excellent transport links to London, Birmingham, and Manchester. The premises also feature a south-facing courtyard with outdoor seating, shared with the nearby Holiday Inn, and ample parking is available in the area, free after 6pm Monday to Saturday and all day Sunday. Available to let on flexible lease terms, this property is an ideal opportunity for businesses seeking a prominent and accessible location in one of the UK’s fastest-growing cities.

Contact:

Punch Retail & Leisure

Property Type:

Hospitality

Date on Market:

11/03/2025
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LoopNet UK Buckinghamshire Milton Keynes Restaurants To Rent in Wavendon Gate, Milton Keynes, UK

Learn More About Leasing Restaurants

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Frequently Asked Questions About Renting A Restaurant in Wavendon Gate

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

Find More Restaurants to Rent in and Near to Wavendon Gate (Milton Keynes) on LoopNet

Wavendon Gate (Milton Keynes) Restaurant Rental Market Summary

Key rental metrics for Restaurants in Wavendon Gate (Milton Keynes) 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
Milton Keynes £25 1,983 sq ft
Newport Pagnell £30 455 sq ft
Luton £19 12,595 sq ft
Northampton £16 2,924 sq ft

Rent Analysis for Wavendon Gate (Milton Keynes) Area

Compare rental rates per square foot across cities near Wavendon Gate (Milton Keynes). 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
Milton Keynes £25 £25 £25
Newport Pagnell £30 £30 £30
Luton £15 £19 £25
Northampton £8 £16 £26

Available Restaurant Sizes Near Wavendon Gate (Milton Keynes)

Overview of Restaurant sizes currently available in the Wavendon Gate (Milton Keynes) area. Understanding the typical size range helps narrow your search based on space requirements and operational needs.

City Smallest Space Typical Size Largest Space
Milton Keynes 723 sq ft 1,983 sq ft 3,242 sq ft
Newport Pagnell 455 sq ft 455 sq ft 455 sq ft
Luton 533 sq ft 12,595 sq ft 58,236 sq ft
Northampton 454 sq ft 2,924 sq ft 7,500 sq ft
Biggleswade 961 sq ft 961 sq ft 961 sq ft

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