Restaurants for sale in Oxfordshire

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160 Cover Restaurant & Bar.

Oxfordshire, England

  • Leasehold Price: Offers Invited
  • Annual Turnover: £500,000
Seller Reference: PAX0127273145
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Business Description
 
 
 
 
 
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Seller Reference: PAX0127273145
Request Details
Business Description
The First Floor Restaurant benefits from a superb glazed frontage giving prominence to the street. The ground floor foyer provides direct lift ac- cess to first & second floor. Internally the premises are fitted out as a buffet style restaurant with a 160 plus covers, with the advantage that the private accommodation is on the second floor, currently under uti- lised as staff accommodation. The restaurant could easily be adapted to a range of styles and offers great potential for a new operator.

􏰀 .Vibrant Location with high student population 􏰀 170 Cover plus Restaurant
􏰀 .Fully Fitted to high standard
􏰀 .Feature Glazed Frontage
Declared revenue of over £500,000pa with potential of double that.
􏰀
VIWEING IS STRICKTLY BY APPOINTMENT ONLY

TRADE
The premises are currently operated as a large, modern Halal venture with an Indian, Chinese and Thai menu, plus an all you can eat buffet. The restaurant has been trading for many years. The opportunity exists to convert this restaurant to a range of bar/restaurant styles and offers superb potential. In addition the takeaway trade has not been increasing significantly..

ACCOMMODATION
Ground Floor
Main entrance. Double glazed doors provide access to entrance foyer,
stairs and lift to first floor.
First Floor (373m2)

This is currently laid out to provide 160 plus covers (maximum circa
200) with feature glazed frontage, Bar servery, Buffet servery. There is a casual Seating Area adjacent to the Bar.
Fully Fitted Trade Kitchen and equipped with extractor system, walk in Fridge Freezer, combi oven.
Second Floor (188m2)
Toilets,
Gents wc, two pods and two wash hand basins Ladies two WCs, two wash hand basins. Disabled WC and wash hand basin
Office

Ground Floor Storage (22m2)
Substantial ground floor storage

DESCRIPTION
LEASE
The premises are held on a 25 year free of tie lease from 2008 with a
passing rent of £35,000 per annum (agreed at last rent review in 2023).
A service charge applies.

BUSINESS RATES & COUNCIL TAX
The property is in an area administered by Oxford Council. The 2017
Rateable Value has been assessed at £24,750, £510pm

LICENCE
A premises licence prevails, the main licensable activities being: Supply of Alcohol, Performances of Dance, Provision of facilities for dancing, Live Music, Recorded Music:
Sunday to Saturday 12:00 hours to 23:30 hours.
Trading hours:
7.00am to 12.00pm
Tenure:
Leasehold
Is accommodation included?:
Potential of 11 bedrooms
Number of bedrooms:
7
Location Details:
Located in East Oxford, it’s a vibrant cosmopolitan area with a strong student and professional population. It provides an excellent range of restaurants from small privately owned to restaurants chain such as Nandos, there are also many bars such as Brewdog to music and comedy scene such as the 02 Academy and the Glee Club. The First Floor restaurant can be found directly opposite Tesco. The Second floor is available for sale too with accommodation for 10 HMO or a large office for 30.
Downloadable Documents:
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