Indian Restaurant for Sale in Staines

  • OPEN TO OFFERS
Staines-upon-Thames, UK
AVAILABLE BUSINESS & LEASE FOR SALE

Indian Restaurant for Sale in Staines

Staines-upon-Thames, UK
  • OPEN TO OFFERS

Description

Indian Restaurant for Sale in Staines. Quick Sale.


MAIN FEATURES

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

LEASE DETAILS

  • Lease: Ending Oct 2031 (Inside the Act of 1954)
  • Passing Rent: 40,000 plus VAT
  • Service Charge: £6,912 per annum
  • Rent Review Term: Every 5 years
  • Next Rent Review: October 2026
  • Premium: OPEN TO OFFERS (QUICK SALE)

TRADING DETAILS

  • Turnover: Circa £7,000 (£364,000/year)

THE LOCATION

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

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

LANDLORD’S REQUIREMENT

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

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.


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.

Details

Updated on August 16, 2023 at 6:28 pm
  • Price: OPEN TO OFFERS
  • Size: 1300 Sq. Ft
  • Covers: 80-100
  • Use: Restaurant
  • Type: RESTAURANTS
  • Status: AVAILABLE

Overview

  • RESTAURANTS
  • Type
  • 1300
  • Sq. Ft

Contact Information

RPS_Agent
  • RPS_Agent

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