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Established INDIAN RESTAURANT

Price:
Leasehold - £129,000
Seller Ref:
R2706
Location:

Wales, South Wales

Business Type:

Food Service Businesses

See Other:
Indian takeaways for sale in Wales
Fast food restaurants for sale in Wales
Indian restaurants for sale in Wales
Other takeaways for sale in Wales
Restaurants for sale in Wales
Food service businesses for sale in Wales
Description:
THE BUSINESS:
Nationwide are pleased to offer to the market : SUMMARY:

• PRICE (LEASEHOLD) £129,000
• TURNOVER will be disclosed on inspection

DESCRIPTION:

DOUBLE FRONTED, Air conditioning with hot air, granite tiled floor, Tandoori oven

• Tables and chairs providing seating for 130 People.
• Kitchen, work surfaces (stainless steel), preparation table, microwave oven (commercial), freezer, 4 x fridge, double sink and drainer.
• 3 x Toilet with w.c. and wash hand basin.

We are advised by the vendor the business enjoyed a lucrative turnover which, we understand, the vendor is happy to discuss on inspection.

We have not had sight of the lease but WE UNDERSTAND FROM THE VENDOR that the premises are held on a SECURE RENEWABLE lease from the private landlord:

• Lease granted for 20 years in 2010 (renewable under 1954 act)
• Reviews every 5 years (next review 2015)
• RENT £25,000 p.a.

THE VENDOR HAS ADVISED THAT:

• BUSINESS RATES from APRIL 2011 payable: £9,000 (Please contact local council to confirm)
• WATER RATES (METERED).

THE BUSINESS IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

TO INCLUDE THE SECURE RENEWABLE LEASE, FIXTURES & FITTINGS
£129,000
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

N.B. The purchaser is to be responsible for the Landlord solicitors costs.

Location Details:
Situated in a Parade, excellent main road trading position, office and commercial area, South Wales.
Trading Hours:
7 Day week (Monday - Sunday) 5am - 11pm
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