Indian Restaurant in Staines (Under Offer)

Indian Restaurant for Sale in Staines. Quick Sale.

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Price: £95,000 | Rent: £40,000 PAX | Turnover: £442,000 | Total Area: Circa 3000 Sq. ft

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MAIN FEATURES

• Fully Fitted Modern Indian Restaurant
• Large Car Park nearby
• Fully Fitted & Spacious Kitchen
• Circa 80-100 covers

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LEASE DETAILS

• Lease: 10 years from Oct 2021
• Passing Rent: 40,000 plus VAT
• Service Charge: £6,912 per annum
• Rent Review Term: Every 5 years
• Next Rent Review: October 2026
• Premium: 95,000 (QUICK SALE)

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TRADING DETAILS

• Turnover: Circa £8,500 (£442,000/year)

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THE LOCATION

• Staines, TW18
• Large Car Park nearby
• Several Retail Shops & Eateries nearby

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THE PREMISES

• Circa 3,000 Sq. ft
• Covers: Circa 80-100
• Restaurant & Cafe Use (New Use Class E)
• Rateable Value: 47,500
• Business Rates Payable: Circa £23,000/year (Currently paying circa £11,500 after discount)
• Premises License
• Current Trading Hours: 12pm-2:30pm, 5pm-10pm

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LANDLORD’S REQUIREMENT

• Must have Hospitality Background
• Rent Deposit of 6 months (non-negotiable)
• Bank, Trade & Accountant’s Reference required
• Evidence of financial credibility

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VIEWINGS & CONFIDENTIALITY

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

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client. Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.

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DISCLAIMER

The above information is 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.