The property consists of front retail area decorated to a high standard with 54-seater capacity and very well designed licensed bar. This is then followed by customer WC, storage, and kitchen and preparation area.
The property also benefits from a five bedroom demise above which is currently unoccupied, however can achieve an income of £19,200pa.
Location & Surroundings
Bournemouth is a large coastal resort town on the south coast of England directly to the east of the Jurassic Coast, a 95-mile (153 km) World Heritage Site. Bournemouth has a thriving youth culture due to its large university population.
The 2011 census records the population of Bournemouth as 183,491, comprising 91,386 males and 92,105 females. The mean average age of all persons is 40 years. With 4,000 residents per square kilometre, Bournemouth has the highest population density of any authority in the South-West region, and is the eighth most populated.
The surrounding areas are densely built up with residential property which results in a high demand for local trade. The restaurant is situated on a long high street with is surrounded by local businesses including solicitors, estate agents, post offices, and local pubs.
Business Description & Takings
The business currently caters for Indian cuisine and delivery and boasts from a strong residential following within the local community.
The business benefits from overhead flues, large cooker range, tandoori oven, fridge and freezer units, dough mixer, and other ancillary kitchen utensils and necessities. The business also comes with an alcohol licence with a fully serviced bar.
Oakville Real Estates have been advised that the current taking of the business is currently around £4,500 - £5,000pw (unverified).
Opening Times & Staffing
Currently the business is open 56 hours per week from Monday to Sunday. The business is currently being facilitated by 6 members of staff.
Tenure & Lease Terms
Currently held on new 15 year lease with a passing rent of £22,800 pa and a 3-yearly rent review period.
Owner is seeking offers of £80,000 for the leasehold interest and business goodwill.
Tenant to pay a contribution towards the landlord’s solicitor’s costs.
Viewings highly recommended. If you are interested in viewing this property please contact your agent at ORE on 02084729090.
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