Turkish Restaurant for Sale in Halstead

  • Leasehold £95,000
  • £25,000/Per Year
Market Hill, Halstead CO9 2AR, UK

Turkish Restaurant for Sale in Halstead

Market Hill, Halstead CO9 2AR, UK
  • Leasehold £95,000
  • £25,000/Per Year

Description

Brand New & Fully Fitted Turkish Restaurant for Sale in Halstead


Rent: £25,000/year (until August 2023), Lease: 18 yrs (renewable), Premium: £95,000 ORIO (For FF&E)


LEASE DETAILS

  • Lease: 18 years remaining (Inside the LTA 1954)
  • Rent: 25,000/year until August 2023
  • Actual Rent: £40,000/year
  • Next Rent Review: August 2023
  • Rent Review Term: 5 years
  • Premium: 95,000 plus SAV

PREMISES DETAILS

  • Total Area: Circa 2303 Sq ft (as per VOA)
  • Rateable Value: £19,000 (Payable Circa £8,500 per year)
  • Planning: A3 with alcohol licence
  • Trading Hours: Mon-Fri (4pm till 11pm), Sat: 12pm-12am & Sun: 12pm -10pm
  • Covers: 135 (90 Restaurant & 45 Bar)
  • Fully Fitted Restaurant, Bar & Kitchen

LOCATION

  • Halstead High Street, CO9
  • Previously Occupied by Prezzo
  • Several Eateries nearby hence making attractive proposition

PLANNING & OPENING HOURS

  • A3 with Alcohol Licence
  • Trading Hours: Mon-Fri (4pm till 11pm), Sat: 12pm-12am & Sun: 12pm -10pm

LANDLORD’S REQUIREMENTS

  • Proposed tenant must have a guarantor (homeowner)
  • 3-6 months rent deposit required
  • Tenants with hospitality business experience will be preferred

VIEWINGS

All interested buyers must have proof of funds to meet the premium and landlord’s requirements.

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DISCLAIMER

The above information are provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.

  • Address Market Hill, Halstead
  • Post Code CO9

Details

Updated on October 20, 2020 at 4:47 pm
  • Price: Leasehold £95,000
  • Size: 2023 Sq Ft
  • Covers: Rest: 90 | Bar: 45
  • Use: Old A3
  • Type: RESTAURANTS
  • Status: Leasehold

Overview

  • RESTAURANTS
  • Type
  • Rest: 90 | Bar: 45
  • Covers
  • Old A3
  • Use
  • 2023
  • Sq Ft

Contact Information

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