Turkish Restaurant & Pub in Cambridgeshire For Sale

Unopposed trading position, busy road, residential area, market town CAMBRIDGESHIRE

Price £85,000

Features

Turkish Resturant & Pub with Large Car Park (closed)

CAR PARKING FOR 80 CARS

BEER GARDEN PLUS SISHA LOUNGE

4 STAR HYGIENE RATING

BAR with seating for 10 persons. 3 taps, glass fronted upright double door drinks display fridge. Tables and chairs providing seating for 40 persons.

Ladies' & gentlemen's toilet with w.c. and wash hand basin.

RESTAURANT AREA. Laminated strip floor. Air conditioning with hot air. Tables and chairs providing seating for 60 persons.

Ladies' & gentlemen's toilet with w.c. and wash hand basin.

KITCHEN. Stainless steel extractor unit, charcoal grill, 2-pan deep fryer, electric cooker, 8-burner gas cooker, 3 fish fridges, freezer, dessert section, waffle machine.

Turnover

WE ARE INFORMED by the owner WHEN TRADING the turnover averaged £7,600 p.w. with £5,500 p.w. from the Restaurant, £1,500 p.w. from the bar and £600 p.w. from Sisha Lounge

Accommodation

THE FIRST SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £1,100 per month inclusive of bills comprising:

3 Bedrooms (2 doubles, 1 single)
Lounge
Kitchen
Bathroom with bath, w.c. and wash hand basin

THE SECOND SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £800 per month inclusive of bills, comprises:

2 Bedrooms (1 double, 1 single)
Lounge
Kitchen
Bathroom with bath, w.c. and wash hand basin

Outside

Large rear garden with lawn

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 5 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £19,200 p.a. (As will be apprciated with the current rent of £22,800 from the accommodation, there is at present a rent profit of £3,600 p.a).

We understand the landlord is prepared to grant a new 15 years lease at rent to be agreed.


Business Rates from April 2023 £1,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, FIXTURES & FITTINGS £85,000 subject to contract
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote