Hey,
I have always wanted to be a restaurateur, and have a beautiful space where I can make delicious and exotic food. This dream was shattered when I asked my friend “how much does it cost to rent out a restaurant?”. He told me, renting a commercial space for a restaurant, or club is an expensive affair. Read more details below.
Check out commercial properties on NoBroker at the best rates, here. Design your restaurant by opting for NoBroker’s Interior Design Services The cost of renting a restaurant space depends on various factors : Location:The price of renting event venues, commercial real estate, and restaurants vary from one location to another. The cost of renting in popular tourist spots such as Connaught Place, Khan Market, Vittal Mallya Rd, and Ashok Nagar is higher.
Extra Cost:The cost of renting a restaurant space in Delhi might include extra costs such as concierge service, bar staff, special lighting, and a karaoke machine. The cost per month can vary from Rs.1.2lakhs to Rs.7 lakhs depending on the factors mentioned above.
Built-Up Area:The built-up area of the property impacts the rental charge. Naturally, a property that is 25000 sq. ft will have a higher rent than a 5000 sq. ft property. As my friend says “ big places have big rental demands”.
Age:A newly constructed property will attract more customers. The age of the property impacts the rent cost. New properties are generally more expensive in comparison to older properties. The furnishing of the place can raise its price as well.
This is all from my end on how much does it cost to rent out a restaurant.
Read more:
How do Commercial Condominiums Work?
How to Find Tenants for Commercial Property?
Authors Of The Question
How much does it cost to rent out a restaurant?
Umesh
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1 Year
2023-01-17T11:21:27+00:00 2023-01-17T11:21:28+00:00Comment
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