Impressively Profitable Indian Restaurant

  • Leasehold Price: £395,000
Derby, Derbyshire, England
For Sale

Impressively Profitable Indian Restaurant

Derby, Derbyshire, England
  • Leasehold Price: £395,000

Description

Shalimar Gold is located on the ground floor of a two storey end of terraced property of painted brick elevations beneath pitched tiled roofs, with single-storey flat roof extensions to the rear.  The accommodation consists of immaculately appointed trading areas over the ground floor which briefly consist of an entrance hall providing access from Midland Road, leading to the reception area and the open plan restaurant.  The restaurant is wonderfully appointed providing a stylish and modern dining area accommodating approximately 130 covers in total. The restaurant as a bar servery, a mixture of freestanding and upholstered perimeter seating, inset ceiling and feature chandelier lighting and is fully air conditioned with dual heating-cold units.

The Shalimar also boasts modern fully tiled Ladies, Gents and Disabled W.C.s situated to the rear of the dining area; a large, fully equipped commercial kitchen, including 2x Tandoor ovens, with wash-up area, prep area and walk in refrigerator. The ancillary areas also include a store room off the kitchen, office and staff W.C.

A two bedroom apartment, located over the upper floors, is also available. The accommodation briefly comprises two bedrooms, lounge, kitchen and bathroom.

To the exterior the Shalimar has a small rear yard, with storage shed and a car park to the rear, laid to tarmac with 15 car parking  spaces.  

Leasehold Terms:
Rental : £60,000 (plus VAT) for a new Free of Tie leasehold interest. The agreement will be a Free of Tie, full repairing and insuring lease, for a minimum term of 10 years.
Location Details:
The Shalimar Gold restaurant is prominently located on Midland Road, adjacent to the Derby mainline train station. The restaurant is a short walk from Pride Park, the 80 hectare business park, which is home to both the football ground and Derby Arena; Derby College and the London Road Community Hospital. Shalimar Gold is also close to the city centre and Intu Derby, originally The Eagle Centre, a large indoor shopping centre. The restaurant benefits from its location generating footfall from commuters, students, local hotel residents and rail users.  Derby had a population of 248,700 at the 2011 census and is a centre for advanced transport manufacturing, being home to Rolls Royce, Bombardier Transportation and Toyota.
Is this business relocatable:
No
Is stock included:
NA

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