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Well equipped LICENSED STEAK & RIB RESTAURANT

Price:
Leasehold - £125,000
Freehold - £275,000
Seller Ref:
R2853
Location:

East Yorkshire

Business Type:

Food Service Businesses

See Other:
Restaurants for sale in East Yorkshire
Other takeaways for sale in East Yorkshire
Fast food restaurants for sale in East Yorkshire
Food service businesses for sale in East Yorkshire
Description:
THE BUSINESS:
Nationwide are pleased to offer to the market : ATTRACTIVE RESTAURANT with laminated strip floor, wall and ceiling lighting. Tables and chairs providing seating for 34 persons. Bar with 2 hand pumps, touch screen till with printers, glasswasher, 2 double door glass fronted counter fridges etc.

2 fully tiled cloakrooms each with w.c. and wash hand basin

LEVEL KITCHEN with non slip floor. The equipment includes 6-burner gas cooker, gas charcoal grill, 3 single deep fryers, 2 sliding double door glass fronted fridges, 1 additional fridge, 2 chest deep freezes, 1 upright deep freeze, large sink additional sink, wash hand basin, dishwasher, ice machine.

We understand the vendor enjoys a healthy turnover, full details of which will be discussed on inspection.

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease in respect of the Restaurant at a rental of £12,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. (The vendor is also prepared to grant a shorter lease if required).

Should the accommodation over be required this would be available as an optional extra at an additional rental of £600 per month.

RECOMMENDED FOR EARLY INSPECTION

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £275,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Location Details:
Enjoying a prominent position close to the sea front, EAST YORKSHIRE.
Trading Hours:
Summer Months & All School Holidays
12 noon - 11 p.m. seven days per week

Winter Months
Accommodation:
The SPACIOUS living accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:

First Floor
Kitchen
Large Dining Room
Large Lounge
Utility Room
Master Double Bedroom
Bathroom with bath, shower over bath, w.c. and wash hand basin
Additional separate w.c.

In addition there is a storeroom on the first floor

Half Landing
1 Double Bedroom

Second Floor
Large Lounge
2 Single Bedrooms

In addition there is a large attic

Yard at rear.
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