Restaurant in Camberley For Sale

Situated end of parade, excellent trading position, residential, office and commercial area, SURREY CAMBERLEY

Turnover £ 16,500
Price £300,000 / £2,000,000

Features

Spacious well Equipped Licensed Restaurant

At present Indian cuisine, which can obviously be continued & in our opinion in view of the excellent main road trading position, there is potential for other types of cuisine, if desired.

SPACIOUS RESTAURANT, tinted glass windows, quarry tiled floor. 2 air conditioning/heating units. Full Gas Fired Central Heating. Quality tables and chairs providing seating for 85 persons (can be increased to accommodate 110 persons. NEW BAR, 2 hand pumps, electronic cash register, glasswasher, icemaker, double door glass fronted counter fridge, 1 3-door stainless steel counter fridge, additional section used as a servery area with 2 group coffee machine, ice cream display counter, shelving, cool display unit.

Fully tiled ladies' cloakroom with 2 w.c's, wash hand basin
Fully tiled gentlemen's cloakroom with w.c. urinal, wash hand basin

LEVEL KITCHEN fully equipped including Tandoori oven, Chester 6-burner cooker with oven, additional 6-burner cooker with oven, stainless steel extractor, 1 upright double door stainless steel fridge, 1 stainless steel single door fridge, deep fryer, double sink and drainer, 3 stainless steel tables, walk-in coldroom, walk-in deep freeze etc.

Turnover

WE ARE INFORMED the turnover currently averages £16,000 / 17,000 p.w. including takeaway & delivery, in our opinion offering tremendous potential for further increase in the right hands.

Staff

The business is at present operated by the vendor with the assistance of his son plus 7 fulltime & 3 part time staff.

Trading Hours

Monday - Saturday inclusive - 11 a.m. - 2.30 p.m. & 5 p.m. - 11 p.m.
Sunday opening - 1 p.m. - 10 p.m.

Accommodation

INCLUDED IN THE FREEHOLD is the accommodation in the form of 3 SELF CONTAINED FLATS over, comprising:

Flat No. 1 with FULL GAS FIRED CENTRAL HEATING, at present let on a shorthold tenany & providing a rental income of £1,200 per month, however, we understand vacant possession can be given on completion, if required, comprises:

3 bedrooms (2 very large doubles plus 1 additional double)
Bathroom with bath, w.c. and wash hand basin
Kitchen with fitted units

Second Flat also at present let on a shorthold tenancy and providing a rental income of £1,000 per month, however, we understand vacant possession can be given on completion if required, comprises:

1 Double Bedroom
Bathroom with bath, w.c. and wash hand basin
Lounge/Dining Room
Kitchen with fitted units

Third Flat which could also be let to provide a rental income, comprises:

3 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

Forth Studio Flat which could also be let to provide a rental income, comprises:

Double Bedroom / Lounge
Shower room, w.c. & wash hand basin
Kitchen

Fifth Flat which could also be let to provide a rental income, comprises:

2 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease in respect of the restaurant only (excluding the accommodation) at a rental of £24,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £12,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £300,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR PRICE TO INCLUDE THE FREEHOLD PROPERTY (to include the 5 flats), GOODWILL, FIXTURES & FITTINGS £2 million plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 150,000 (lease) £ 1,400,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote