Well Fitted Restaurant in Upminster For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, ESSEX UPMINSTER

Price £55,000

Features

Well Fitted Restaurant (closed)

The business is currently setup as an Asian Fusion Restaurant, which could obviously be continued or in our opinion there is potential for other types of cuisine, if desired.

FITTED TO A HIGH STANDARD IN 2022 BUT YET TO COMMENCE TRADING

SINGLE FRONTED PREMISES in the region of 800 ft² with ELECTRIC SHUTTERS. Tiled floor, ceiling with LED lights. Tables and chairs providing seating for 24 persons (can be increased). Bar area, under-counter fridge, EPOS till.

KITCHEN. Stainless steel extractor unit, 7-burner gas cooker, electric cooker, 3 fridges, microwave, preparation table, double sink and drainer

Stockroom with deep freezer

Ladies' & Gentleman's Toilet with w.c. and wash hand basin.

Additional Staff Toilet with w.c. and wash hand basin.

Outside

Parking space for 2 cars.

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 10 years full repairing and insuring lease with rent reviews every 5 years, at a rent of £17,500 p.a.

Business Rates from April 2022 £4,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022 AND IS SOLELY OFFERED FOR SALE DUE TO PERSONAL REASONS.

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, FIXTURES & FITTINGS £55,000
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 27,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote