Chinese Restaurants for sale in Richmond

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London Properties are pleased to offer to the market this well-established Cantonese restaurant situated just off Market Place - Castle Hill -Richmond - North Yorkshire

Richmond, London, England

  • Freehold Price: £525,000
Seller Reference: Castle_Hill
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Business Description
 
 
 
 
 
 
 
 
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Seller Reference: Castle_Hill
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Business Description
LOCATION: Located in Grade Two listed premises in the center of the historic North Yorkshire market town of Richmond. Just off Market Place, the restaurant is hugely popular with both tourists and local residents. Having traded here for over 30 years, the restaurants reputation for high quality Chinese cuisine is legendary, however the premises and location would support any other style of restaurant, bistro or bar operation

DESCRIPTION: Ground Floor - Large restaurant currently laid out to accommodate 75 diners, plus reception seating and bar. Short steps to banquet table. Further to the rear of the restaurant is the kitchen which is superbly and comprehensively equipped with commercial catering equipment. Ample dry store and pot-wash areas. Hall to toilet facilities.

BUSINESS: Been under the same ownership now for over 22 years. During Spring & Summer months the average weekly turnover is in the region of £8,000 from short, evening only service. Showing Adjusted Net Profits n excess of £80,000 prior to directors’ remuneration on accounts for year ended 31st July 2018. The restaurant also enjoys a strong level of takeaway trade too. Offering a delivery service via Uber Eats, Just Eat or Deliveroo would greatly improve takings, especially given the high density residential military camp close by

USES: A3/A5

TENURE: Freehold £525,000

BUSINESS RATES: Nil. From information obtained from the Valuation Office Agency website www.voa.gov.uk

SIZE: Shop Unit 1980 sq ft approximately - Flat 1, 516 sq ft approximately & Flat 2, 1517 sq ft approximately

OPENING HOURS: Monday 5:30-8:30pm - Tuesday Closed - Wednesday 5:30-8:30pm - Thursday 5:30-8:30pm -Friday 5:30-9:30pm -Saturday 5:30-9:30pm & Sunday 5:30-8:30pm

STAFF: Owner managed with 8 part time staff.

UPPER PARTS:
Flat 1 - A large four bedroomed self-contained flat over two floors. The flat is tenanted and produces a rent of £620 per calendar month. Flat 2 - A two bedroomed self-contained flat over two floors. The flat is tenanted and produces a rent of £447 per calendar month

TURNOVER: We are advised that the yearly turnover is approximately £108,000 per annum

LEGAL COST: Each party to be responsible for their own legal costs

LOCAL AUTHORITY: Richmond Council

ENERGY PERFORMANCE CERTIFICATE: Shop Unit - Energy Performance Asset Rating is 67- C Rating. C copy of this property’s energy performance certificate is available on request & Flat 1 62 - D - Flat 2 57 - D

COVERS: 75 covers

REFERENCE CHARGE: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non- refundable after the references have been taken up, whether they are accepted or not by the Landlord

FIXTURE & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition

AGENT NOTE: London Properties for themselves for Lessors, Vendors and their agents, give notice that:-

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.

2. These details do not constitute any part of an offer or contract.

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.

4. All rent prices, fees and charges are quoted exclusive of VAT
Tenure:
Freehold
Location Details:
Castle Hill, Richmond, North Yorkshire, DL10 4QP
Listed by:
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