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Reference : R8979

Situated in a parade, excellent main road trading position, close to town centre, HAMPSHIRE (Please register to make appointments and view addresses)

We understand the Restaurant has been closed for approximately 3 months as the owners have been on Holiday and we further understand that the Restaurants was re-opened on the 1st June, 2008 and the turnover currently is in the region of £1,500/£1,700 p.w. in our opinion offering tremendous potential for further development in the right hands and indeed with additional opening hours.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £99,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

At present Chinese and Malaysian cuisine, which could obviously be continued and in our opinion there is scope for other types of cuisine, if desired.

IMPRESSIVE & SPACIOUS DOUBLE FRONTED RESTAURANT with double door. Front area carpeted. Rear section ceramic tiled floor. 2 air conditioning units. Inset ceiling lighting plus wall lighting. Tables and chairs providing seating for 60 persons (can be increased to accommodate 80/90 persons, if desired). Spacious bar with 2 hand pumps, ice machine, 2 double door counter fridges, mirror-backed shelving, upright glass fronted wine fridge, stainless steel hot display unit (utilized for buffets, not used at present) etc.

Spacious and well equipped level kitchen with ceramic tiled floor. The equipment includes 6-burner gas cooker with double oven, steamer, duck oven, 9-burner Chinese cooker, extractor unit, electric oven, double sink and drainer plus additional double sink and drainer, stainless steel double floor counter fridge, microwave oven, walk-in coldroom, walk-in deep freeze, rice cooker, hot water boiler, 2 stainless steel storage cupboards etc.

Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin

Stairs to half landing comprising large office (or double bedroom), cloakroom with w.c. and wash hand basin.

First Floor large room (can be utilized as living room or indeed used by the vendor for Karoke on occasions).
Large private kitchen/dining room

Second Floor
2 Double Bedrooms
Bathroom with bath,
Separate w.c.
Separate shower

Third Floor
2 Additional Double Bedrooms

On the first floor there is entrance to large garden area, potential for outside seating, if desired.

The Restaurant is at present operated by a husband and wife team with the assistance of 3 part time staff.

At present 6 evenings per week - 6 p.m. - 11 p.m.
CLOSED WEDNESDAY EVENING

As above

We understand the premises are held on a secure renewable lease having approximately 22 years unexpired at a rental of £25,000 p.a. exclusive of rates up to March, 2010, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £5,100 p.a. approx. + water rates

OUTSTANDING OPPORTUNITY TO ACQUIRE A WELL FITTED LICENSED RESTAURANT IN THIS EXCELLENT MAIN ROAD TRADING POSITION. IN OUR OPINION THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR FURTHER INCREASE IN THE RIGHT HANDS.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

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