Restaurant for sale

INDIAN RESTAURANT SPORTS BAR WITH UPPER PARTS Petersborough Ref NO 24965


£150,000
S.O.A.

Description

INDIAN RESTAURANT SPORTS BAR WITH FUNCTION ROOM/Petersborough/ Ref NO: 24965

LOCATION: The premise is located on the main road Junction near Peterborough in a residential area surrounded by shops, museum, and nurseries. The premise is situated in a prominent location making it easily accessible location.

DESCRIPTION: Long established pub recently converted into an Indian restaurant and sports bar with a large floor area serving authentic Indian food restaurant opportunity to acquire this well-established restaurant and sports bar business serving authentic Indian cuisine. The Business benefits 70 covers serving on a floor area of 7000 sqft, fully licensed bar area and 25 designated car parking for the visitors.
The restaurant has a fully fitted kitchen with an area of 450 sqft, separate toilets for ladies & gents, large basement for storage, cold storage, rear storage area, and fire exit.
Potential to add Shisha, private functions, and party. Can also extend timings by opening early hour for serving breakfast and lunch, No nearby competition.
The premises come with accommodation of three bedrooms having a separate entry which is currently used by staff members but can be put on rent.

USES: A3-A5 with an alcohol license
BUSINESS: £4500 to £5000 per week
RENTAL: £20000 per annum
RATE: £7000P.A.
Timings of Sports Bar from 11 a.m to 11 p.m (Tuesday closed)
Timings of the Restaurant from 4 p.m to 11 p.m. (Tuesday closed)
TERMS: Leasehold 10 years remaining with rent review every 5 years.
PREMIUM: £150,000 for the goodwill, fixtures & fittings.
OPTION OF BUYING AS A FREEHOLD FOR £350000


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Restaurants
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Property reference
CP987241_24965