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Reference R5290

Indian Restaurant in Wotton-Under-Edge For Sale

Indian Restaurant in Wotton-Under-Edge For Sale
Buy a Indian Restaurant in Wotton-Under-Edge For Sale Sell a Indian Restaurant in Wotton-Under-Edge For Sale

Register to see map and to make an appointment Situated end of terrace, GLOUCESTERSHIRE WOTTON-UNDER-EDGE

Turnover 2,500
Price 18,000 / 365,000

Features

Spacious Licensed Restaurant - Closed January 2017

Grade II listed building

We understand established as Indian cuisine in 1995, which could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

SPACIOUS SINGLE FRONTED RESTAURANT. Front area section with quality laminated strip floor. Rear section carpeted. Full gas fired central heating. Tables & chairs providing seating for 50 persons. BAR with 1 hand pump, mirror-backed shelving, sink, single door glass fronted fridge, settee for customers' waiting for takeaways. Hot buffet display cabinet.

Ladies' & gentlemens cloakrooms each with w.c. & wash hand basin

LEVEL KITCHEN with quarry tiled floor, tiled walls, 9-burner gas cooker with 2 ovens, 3 stainless steel tables, Fosters double door stainless steel fridge, fridge/freezer, double sink & drainer, microwave oven, Tandoori oven etc.

Storeroom with deep freezer

Turnover

WE ARE INFORMED the turnover was 2,500/2,700 p.w. including takeaway, in our opinion offering terrific potential to introduce deliveries, if desired.

Trading Hours

were 12 noon - 2 p.m. & 5.30 p.m. - 11.30 p.m. seven days per week

Accommodation

On the first floor with full gas fired central heating is a large function room (not utilized at present), in our opinion this room has potential for conversion into private living accommodation.

In addition on the first floor are ladies' & gentlemen's cloakrooms plus 1 double bedroom.

Second floor
3 small double bedrooms
Bathroom with bath, shower over bath, w.c. & wash hand basin

Outside

Medium sized garden with paved patio plus overgrown garden area
Brickbuilt store

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of 18,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 500 p.a. approx. (after small business relief)

THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 13 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 18,000 SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 365,000 or near offer
SUBSTANTIAL MORTGAGE TO AN APPROVATED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 255,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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