We are delighted to bring to the market arguably one of Scarborough’s finest Italian restaurants. Tuscany Too is located on the south side of the town and has built up a strong reputation for serving fresh authentic food in a beautifully presented dining area and bar. The restaurant has a spacious 40 covers and an additional outside seating area for another 16 covers. The restaurant is fully equipped and only coming onto the market due to potential retirement. We will be offering a new lease with terms to be agreed.
Full Description A well established Italian restaurant situated within a Victorian end terrace building.
Location Tuscany Too is prominently positioned on the corner of the main A165 Filey Road and Avenue Victoria on the south cliff side of the town meaning the restaurant is easy to find and benefits from all year round trade.
Terms To be sold Leasehold as a going concern including fixtures and fittings.
Guide price of £125,000 for the business with a commencing rent of £14,500 per annum exclusive of rates and services.
Viewing Strictly via sole agents Colin Ellis Property Services on 01723 363565
Based on property / land value of Guide price £125,000 there will be an approx of £ Stamp Duty due.
Less than £250k
£250k to £925k
£925k to £1.5M
Over £1.5 million
If a property is greater than £425k you are not eligable for Stamp Duty relief.
For properties over £625k, SDLT is charged at 0% up to £250k and 5% from £250k to £925k.
This stamp duty calculator is designed to give you an idea of your stamp duty liability when buying a freehold residential property in England & N.Ireland. Stamp duty calculations are rounded down to the nearest pound. Stampy Duty guide is approx. as of 23rd September 2022 - please visit https://www.gov.uk/stamp-duty-land-tax for the latest information