Well established takeaway business
Price:
Leasehold - £64,950
Location:
East Sussex, Brighton
Business Type:
Commercial Property, Food Service Businesses
DESCRIPTION:
The property comprises an ‘A3/A5 (Restaurant/Take Away)’ over ground and lower ground floor. The ground floor is largely open plan with customer waiting area and serve over counter. A fully fitted kitchen is located to the rear to include Tandoori oven, stainless steel preparation table, stainless steel sink, 1x 6 hob gas oven and 1x 5 hob gas oven will full extraction hood, Hotpoint upright fridge, plate wormer etc. to the rear of the kitchen is a small walled garden area with WC facilities a small store. The basement area provides for excellent dry storage area and has a number of shelves along with a stainless steel preparation table, washing up sink and chest freezer.
The accommodation is arranged as follows (measured on a net internal floor area): -
Floor Area Size (sq ft) Size (sq m)
Ground Sales/seating 364 33.82
Kitchen 150 13.94
Lower Ground Store 487 45.24
Total 1,001 92.99
THE BUSINESS:
The business was created by the current vendor in 2006 and enjoys an excellent reputation in the area for being a family run business providing authentic Indian cuisine and trading 7 days a week between the hours of 5pm to 11pm. We have been verbally informed that the turnover is in the region of £65,000 per annum. Due to the vendors personal preference the premises only trade as a takeaway and further scope exists to reinstate the premises as both a restaurant and takeaway.
Lewes Road is situated on the east side of Brighton on the main A270, linking Brighton City centre to the A27 and onto the Brighton bypass. Lewes Road is a densely populated residential area popular with professionals and students and forms part of a well-established commercial thoroughfare, where a wide variety of retail uses, catering facilities and several national traders being represented including Perfect Pizza, Victoria Wines, National Westminster Bank, Sainsbury’s, Spar and Co-op supermarkets. The subject property is located on the western side of Lewes Road between the junctions of St Paul’s Street and St Mary Magdalene Street. A location map and Streetview can be viewed by typing the postcode (BN2 3HW) into the website ‘maps.google.com’
LEASE TERMS:
The premises are available by way of an assignment of an existing 25 year effective full repairing and insuring lease from April 2006 inside the renewal provisions of the landlord and tenant Act 1954 which is due to expire April 2031. The current rent payable is £15,000 per annum exclusive of business rates. Rent review provisions are due every five years (2016).
PREMIUM:
Offers in the region of £64,950 for the leasehold interest for the benefit of the lease, goodwill and trade fixtures and fittings plus stock at valuation.
trading 7 days a week between the hours of 5pm to 11pm.
North Yorkshire
£ 750,000
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