A well renowned Indian restaurant business which has operated for approximately 25 years from the deceptively spacious ad well appointed premises. The property comprises over 3500 sq ft of space covering a ground floor restaurant/bar with 54 covers, a fully equipped commercial kitchen and staff areas (146.6 sq m) to the first floor a function room with approximately 80 covers (96.5 sq m) and further staff areas and wc's (26.3 sq m). There is also extensive cellars of the property providing for 5 separate store room areas and a parcel of land at the side of the restaurant which could offer development potential subject to relevant planning permissions for an extension to the restaurant or a separate property. The owners would also consider selling the business goodwill/fittings and stock at valuation for an asking premium of £95,000 and renting the restaurant property on a full repairing lease for a quoting rent of £35,000 per annum exclusive. The property benefits from A3/A5 permissions and a liquor licence, hot/cold air conditioning, fire system, two bar areas, gas anti lock extraction system and well maintained accommodation throughout.
Retail Zone A 54.4 sq m
Retail Zone B 41.7 sq m
Retail Zone C 1.8 sq m
Kitchen 34.6 sq m
Public Toilets 10.3 sq m
Restaurant 96.5 sq m
Internal Storage 12.2 sq m
Public Toilets 14.1 sq m
Through enquiries with the Valuation Office Agency website it is noted that the property attracts a Rateable Value in the 2017 Ratings List of £16,250. Please note the Rateable Value is not what you pay.
If let, then accordance with the usual practice, the ingoing tenant is responsible for both parties legal costs in connection with the transaction.
If sold, each party are to bear their own legal costs incurred in connection with the transaction.
There are municipal car parks within the local vicinity
Strictly by appointment with the agent Kirkham Property - 509 Middleton Road, Chadderton, Oldham OL9 9SH - Please call 0161 925 3759 or email email@example.com