Outstanding opportunity to acquire a spacious well equipped Freehold Licensed Restaurant with the benefit of 2 refurbished flats over and an adjoining shop, let on lease having approximately 7 years unexpired and providing a rental income of £9,360 p.a. exclusive of rates for the next 3 years, with rent to be agreed thereafter.
SPACIOUS DOUBLE FRONTED RESTAURANT with attractive woodstrip floor, ceiling with inset lighting, wall lighting. Full Gas Fired Central Heating. Well equipped including tables and chairs providing seating for approximately 100 persons. Attractive spacious wooden bar, 2 glass fronted double door counter fridges, glasswasher, ice maker, 2 group coffee machine, coffee grinder, sink.
Storeroom for wines
Ladies' cloakroom with 2 w.c's, 2 wash hand basins
Gentlemen's cloakroom with w.c. urinal and wash hand basin
LARGE LEVEL KITCHEN with non-slip floor. Well equipped including stainless steel extractor, stainless steel cladding to walls, 2 6-burner gas cookers with ovens, charcoal grill, upright double door stainless steel fridge, double deep fryer, 2-deck pizza oven, 2 2-door glass fronted counter fridges, 1 single door glass fronted fridge, 1 additional 3-door glass fronted counter fridge, chest deep freeze, upright deep freeze, upright fridge/freezer.
In addition to the main kitchen and at rear is a further kitchen utilized solely for deliveries in respect of the preparation of pizzas, burgers, kebabs, pastas and rice dishes. The deliveries at the business commenced approximately 1 year ago and in our opinion has terrific potential for further development. This kitchen also has a non-slip floor and is well equipped including single deck Zanolli conveyor belt pizza oven, kebab machine, additional stainless steel extractor, stainless steel cladding to walls, double deep fryer, 2 stainless steel tables, sink and drainer, upright double door glass fronted display fridge (on loan), upright stainless steel double door fridge/freezer, large mixer, dough roller, glass fronted fridge, refrigerated unit for toppings etc.
Also included in the sale of the freehold is an adjoining PIZZA SHOP, let on lease having approximately 7 years unexpired and providing a rental income of £9,360 p.a. exclusive of rates for the next 3 years, with rent to be agreed thereafter..
Turnover : WE ARE INFORMED the turnover currently averages £4,500 p.w. in our opinion offering tremendous potential for further development, especially with additional opening hours. (Included in the turnover is deliveries and slight takeaway of £1,500 p.w).
TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £485,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
The Italian Restaurant is open 6 evenings per week - Monday - Thursday inclusive - 5.30 p.m. - 10 p.m.
Friday & Saturday - 5 p.m. - 11 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is terrific potential for additional opening hours.
Number of Employees:
The Restaurant is at present operated by the vendor who is a chef plus 2 part time kitchen staff.
Restaurant/Bar area 1 full time plus 2 part time staff.
Takeaway Section operated by part time staff.
Number of bedrooms: 3
Included in the sale are 2 SELF CONTAINED FLAT over, all refurbished and with QUALITY NIGHT STORAGE HEATERS.
Flat No. 1 which is at present let and provides a rental income we understand of £400 per month, comprises:
2 Bedrooms (1 large double, 1 single)
Bathroom with bath, showever over bath, w.c. and wash hand basin
Fully fitted kitchen
Flat No. 2 also refurbished and in good condition, at present let on a shorthold tenancy and providing a rental income of £350 per month. The flat comprises:
1 Double Bedroom
Shower room with shower, w.c. and wash basin
Large lounge with open plan kitchen
Situated in a parade, excellent main road trading position, Country residential town, NOTTINGHAMSHIRE
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