FinanceYou can borrow
£ 50,000 (lease)
to purchase this business subject to status, with a house or additional
security you maybe able to borrow the full amount.
Most Attractive & Superbly Fitted Licensed Restaurant for Sale
Sought after position, close to sea front NORFOLK
Features
The Restaurant is at present not trading, however, in our opinion offers tremendous potential for development in the right hands.
Full Gas Fired Central Heating
Ground floor main entrance to entrance hall with open staircase to first floor. Underfloor central heating. Ground floor marble tiled floor. Large RECEPTION BAR/COCKTAIL LOUNGE with attractive marble tiled floor. Sofas, armchairs plus bar stools providing seating for 36 persons. Attractive brickwork to walls. Quality granite bar, 2 double door glass fronted counter fridges, glasswasher, ice machine, deep freeze plus additional bar with double door glass fronted counter fridge, double sink.
Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
In addition there is a fully tiled disabled cloakroom with w.c. and wash hand basin plus additional fully tiled cloakroom with w.c. and wash hand basin
First floor IMPRESSIVE & SPACIOUS RESTAURANT with exposed brickwork, exposed rafters, quality varnished wooden floor, 3 chandeliers, wall lighting. Bar. Tables and chairs providing seating for 50 persons. Attractive wooden bar with 2 double door glass fronted counter fridges, ice machine, glasswasher, sink.
Open plan kitchen with non-slip floor, stainless steel equipment including 4-door stainless steel counter fridge, stainless steel hot cupboard for plates, stainless steel extractor, stainless steel cladding to walls, large double Lincat deep fryer, large Lincat charcoal grill, 6-burner gas cooker with double oven, upright stainless steel fridge, upright stainless steel steel deep freeze, commercial microwave oven, Lincat steam oven, commercial dishwasher, sink and drainer, stainless steel shute unit for rubbish to ground floor.
Turnover
As stated the Restaurant is not open at present, however, in our opinion offers tremendous potential in the right hands.
Tenure
The vendor owns the freehold and subject to satsifactory references is prepared to grant a new 12 years full repairing and insuring lease at a rental of £25,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
We understand the vendor will consider the sale of the Freehold at price to be agreed.
Uniform Business Rates: £4,000 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price
OFFERS INVITED TO INCLUDE THE NEW LEASE, FIXTURES & FITTINGS £100,000 subject to contract
LOAN POSSIBLE TO AN APPROVED APPLICANT
Viewing
Please call 020 8763 1777 for an appointment to view
Selling your business?
No sale No fee