Restaurant for sale

10 Bank Street - IV1

£79,500

Property Description

Commercial information

  • Business for sale

Key features

  • Enviable location
  • Highly profitable
  • Excellent first business
  • Well presented

Full description

Tenure: Leasehold

Description
The Riverside Restaurant is an extremely busy business which has been run by the current proprietor since 2013. The business has built up a fantastic reputation. The Restaurant was recently awarded 2 Awards from the Scottish Food Awards & Academy. 1 was a Gold Medal for Real & Local Food and the other was for Inverness Neighbourhood Restaurant of the Year for 2017.



Situation
Inverness is a city in the Scottish Highlands. It is the administrative centre for the Highland council area, and is regarded as the capital of the Highlands of Scotland. It is the northernmost city in the United Kingdom and lies within the Great Glen at its north-eastern extremity where the River Ness enters the Moray Firth.

Riverside occupies and enviable position on Bank Street in the city offering fantastic views over the river, and benefits from being surrounded by residential and business premises.


Building Internal
The restaurant is located on the ground floor of a commercial property. The main entrance is from the front into a reception hallway. The restaurant is located to the left on entry. On entering the restaurant, you are welcomed into a well presented and modern dining room. The dining room can seat 30+ persons. To the right on entry you will find a servery bar area. This bar is utilised to prepare drinks for diners, and as a staff work station. The dining room is tastefully decorated in neutral colours and is well furnished with wooden tables and chairs.
To the rear you will find an ample commercial kitchen. The kitchen is fully equipped and presented in excellent order throughout.
Ladies and gents’ facilities are well situated the reception hallway on the first floor.
The business trades throughout the year offering a good selection of Scottish fayre with a European influence, with a daily specials selection. The business is open for both lunch and dinner.
Riverside is open from 1200-2100 Tuesday through to Saturday.


Building External
The front of the property is straight to street with ample on street parking. Also to the front you will find an outside seating area. There is a delivery entrance/fire escape off the kitchen.


Services
We have been advised that all mains services are fitted.

Tenure
The property is held on the Scottish equivalent of leasehold. The current lease expires in July 2018, with an annual rental of 10,000. We are advised the landlord would happily extend the lease term.


Accounts
Full trading Figures will be made available after a formal viewing has taken place.

Summary
The sale of The Riverside Restaurant offers a great opportunity to purchase a well-established and well performing business. Viewing is highly recommended.


Price
Offers in the region of £79,500 are sought for the leasehold, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.


Further Information
Should you require further information on this or any other property, please do not hesitate to contact our office on 0131 3140660.


Nearest station

  • Inverness (0.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 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 station

  • Inverness (0.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 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.

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