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Commercial Property for sale

Jade Palace, 2, Cotton Street, Bolsover, Chesterfield, S44

Offers in Region of £170,000

Property Description

Key features

  • Long established English/Chinese takeaway
  • Sales shop of 421 sq. ft., 39.11 sq. m approx.
  • Catering kitchen 225 sq. ft., 20.9 sq. m NIA approx.
  • Outbuildings for storage, cold store & rumbling room
  • Upper floor owners accommodation
  • Prominent town centre Market Place position
  • For sale freehold - going concern

Full description

*FOR SALE - UPON RETIREMENT

*A PROMINENT WELL ESTABLISHED TOWN CENTRE HOT FOOD TAKEAWAY BUSINESS WITH OWNERS ACCOMMODATION, SALES SHOP AND PREMISES OF 646 SQ. FT., 60.01 SQ. M APPROX.

Vendor - Mrs. Sau Hing (Wendy) Man

Viewing - Available strictly by prior appointment through the Selling Agents

Services - All the usual mains services, gas, water, electricity and drainage are currently connected to serve the property as a whole.

Tenure - Advised freehold Land Registry Title Deed reference DY73099

Business - Operated by the proprietor, one full time chef, one part time chef, two part time delivery drivers, now open evenings only 5.30 11.30 pm (midnight Friday and Saturday, closed Mondays). Turnover advised verbally circa £2,000 per week.

Inventory of principal items of plant, machinery, fixtures, fittings and equipment attached turnover to be confirmed by reference to audited trading accounts when available and inventory to be verified by inspection prior to exchange of contracts and full financial completion.

Terms - For sale freehold as a going concern upon forthcoming retirement to include goodwill, fixtures, fittings and equipment.

Non-Domestic Rates - Entered in the Rating List at £7,900 Rateable Value under the description shop and premises

Non-domestic rate charge £3,894.70 at 0.493p in the £ - pro rata 2015/2016 charge period.

The property is entered in Band A for Council Tax contribution purposes

Local Authority - Bolsover District Council

Possession - Vacant possession will be given upon completion of purchase by arrangement and agreement with the Vendor.

Solicitors - To be appointed and details advised

Location - The Jade Palace is prominently situated in a prime town centre trading location to the eastern periphery of the Market Place central area, more particularly at the junction of Market Place with the pedestrianised Cotton Street next door to Wilsons Estate Agency, near to Fulton Foods, TSB Bank, Connections Jewellers, Castle Oven bakers and the towns Post Office. On the opposite side of the road Georges Fashions, proposed Bolsover DC contact/information centre, Design by Dakin, T. A. Page & Son decorators and the towns open market area.

On the Market Place side Rileys Electricals Euronics, Farm Foods, Arthritis UK, larger stores include the Co-Operative Supermarket store and the Original Factory Shop, the town sustains an excellent range of local retail shops, trades and businesses.

The former mining town of Bolsover and associated settlements of Bolsover Model Village, Carrvale, Shuttlewood, Stanfree, Oxcroft and Warley sustains a population of approximately 12,000.

The town is renowned for its historic Grade I Listed Castle scheduled as an Ancient Monument under the care of English Heritage.

Description - Trading as the Jade Palace under the same family ownership for the last 28 years since 1988, Mrs. Man has been the sole owner/proprietor for some years, wishing to sell the business and freehold property upon a well-earned retirement.

The prominently situated property is of effectively three storey configuration of part brick, part stone construction under pitched slated roofs with double fronted sales shop at ground floor level fronting Cotton Street also facing the Market Place and main road running through the town.

Fitted catering kitchen and preparation room.

On the upper floors the owners family living accommodation with gas central heating, on the first floor spacious living room, clothes store room, double bedroom no. One, on the second floor three further double bedrooms, modern combined bathroom and toilet.

Outside rear yard leading to single storey outbuildings providing a useful store room with space for freezers and accommodating stock storage shelving, rumbling room with built-in cold store, potato peeling and chipping equipment.

The business is currently trading below its potential leading up to a well-earned retirement therefore offering excellent further potential when purchased into new ownership.

Accommodation - The accommodation briefly comprises

On The Ground Floor -

Retail Sales Shop - 22'6" x 20'0" overall (6.86m x 6.10m overall) - 421 sq. Ft., 39.11 sq. M

Terrazzo tiled floor finish, gloss painted walls and ceilings, fluorescent lighting

Catering Kitchen - 15'3" x 14'9" overall (4.65m x 4.50m overall) - With quarry tiled floor, timber framed obscure glazed window at the rear, exterior
door to rear yard and outbuildings.

We calculate a net internal area of - 646 sq. Ft., 60.01 sq. M

Outbuildings -

Useful Storage Building - 12'5" x 11'6" (3.78m x 3.51m) - 122 sq. Ft., 11.33 sq. M

Rumbling Room - 12'2" x 12'0" overall (3.71m x 3.66m overall) - With cold store - 146 sq. Ft.,13.6 sq. M

Outbuilding net internal area - 268 sq. Ft24.9 sq. M

Flat And Second Floor Living Accommodation - With gas central heating., internal staircase to first floor landing with built-in cupboard housing modern gas fired central heating boiler renewed circa 2013

First Floor Spacious Living Room -

Double Room -

Cloaks Storage Cupboard -

On The Second Floor -

Three Double Bedrooms -

Modern Combined Bathroom And Toilet - Equipped with white suite including panelled bath with Mira shower unit over bath, pedestal wash hand basin, low flush wc suite.

Outside - The property is flush to the pavement at the front, there is an open yard leading to the outbuilding at the rear.

For further information and viewing please contact the Selling Agent through whom all offers and negotiations should be conducted.

16-8019AJT
Date: 10th March, 2016

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More information from this agent

Nearest stations

  • Langwith-Whaley Thorns (3.4 mi)
  • Cresswell (4.0 mi)
  • Shirebrook (4.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bothams Mitchell Slaney, Chesterfield

West Bars House West Bars, Chesterfield, S40 1AQ

01246 908134 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Bothams Mitchell Slaney, Chesterfield

West Bars House West Bars, Chesterfield, S40 1AQ

01246 908134 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Langwith-Whaley Thorns (3.4 mi)
  • Cresswell (4.0 mi)
  • Shirebrook (4.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bothams Mitchell Slaney, Chesterfield

West Bars House West Bars, Chesterfield, S40 1AQ

01246 908134 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 26370754. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bothams Mitchell Slaney, Chesterfield. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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