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Reference : R8060

Excellent trading position, CITY OF LONDON (Please register to make appointments and view addresses)

WE ARE INFORMED the turnover averages £6,500 p.w. in our opinion offering tremendous potential for further increase in the right hands.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £130,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Outstanding opportunity to acquire a spacious RESTAURANT at present Thai cuisine, which could obviously be continued, and in our opinion there is potential for other types of cuisine, if desired.

Entrance to spacious GROUND FLOOR RESTAURANT, fully carpeted. Tables and chairs providing seating for 50 persons (can be increased to accommodate 60/70 persons, if desired). Large Bar, 2 double door glass fronted counter fridges, wine rack, sink, glass washer.

Stais to spacious basement, fully carpeted providing an additional large Restaurant area plus separate function room (can be combined) providing additional seating with tables and chairs for approx. 80 persons.

Ladies' cloakroom with 2 w.c's, wash hand basin
Gentlemen's cloakroom with 2 w.c's, wash hand basin

Ground floor disabled cloakroom with w.c. and wash hand basin

Ground floor level kitchen with quarry tiled floor, tiled walls, large stainless steel extractor unit, 2 7-burner Chinese cookers, double deep fryer, large charcoal grill, 2 microwave ovens, 3-door stainless steel counter fridge, commercial dishwasher, sink and drainer, additional sink.

Adjoining wash-up area with double sink and drainer, 1 upright double door stainless steel fridge, 1 upright double door stainless steel deep freeze, 1 upright single door deep freeze etc.

The business is at present operated under management. Staff employed, the vendor's sister as a manageress plus 4 full time chefs and 4 full time staff in respect of the restaurant area.

Monday - Friday inclusive - 12 noon - 2.30 p.m. & 5.30 p.m. - 11 p.m.
CLOSED ALL DAY SATURDAY & SUNDAY

We understand the premises are held on a secure renewable lease having approximately 18 years unexpired at a rental of £55,000 p.a. exclusive of rates for the next 1½ years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £18,000 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

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