Commercial Property for sale

204 High Street - DD10

£49,995

Property Description

Commercial information

  • Business for sale

Key features

  • REDUCED PRICE
  • Leasehold Opportunity, Won Service of the year 2017
  • 60 Covers, Licensed
  • Long Established, High Street Location

Full description

Tenure: Leasehold

Description
Bruce & Co. are delighted to offer for sale this well known and popular traditional Indian restaurant. The business has been under our client’s ownership for over 21 years and they have reluctantly placed the business on the market due to their impending retirement. The restaurant is situated in a prime position in Montrose town centre and attracts business from regular clientele in the local area as well as passing trade due to its convenient location. The business is hugely popular due to it being the only Indian restaurant in the town and as such it trades with high service figures. The business has great potential for growth by increasing opening times as the business is only open in the evening at present.

Situation
The attractive and historic town of Montrose is situated on Scotland's East Coast at the mouth of the River South Esk. Montrose has long been enjoyed as a popular holiday resort and is much favoured for its fine seaside golf courses and host of other activities including shooting and fishing while wildlife enthusiasts can enjoy the views over the magnificent river basin which is approximately 2 miles square in size. The town is equidistant from both Aberdeen and Dundee at around 30 minutes drive on the busy A92 coastal tourist road. The A90 dual carriageway also lies only 10 miles away. Montrose is a popular tourist base located close to Royal Deeside, the Angus Glens and Highland Perthshire.

Building Internal
The business occupies a terraced property built of stone construction on the high street of Montrose. The restaurant is delightfully finished with a modern interior yet also offers an elegant and traditional Indian ambiance. The restaurant is furnished with high backed seats, stylish modern tables and cushioned back booths. The business has a fully equipped commercial kitchen which is located towards the rear behind the main dining area and there is also a food service area. Additional benefits of this property and business are a large storage room and a manager’s office and there are customer WC facilities.

Staff
Owner managed with part time staff.

Building External
The business is situated in a highly visible trading position situated on the main road into Montrose. On street parking is available and there is further parking to the rear of the property. The property has mains water, drainage, electricity, gas.

License
The business trades with a full restaurant license.

Accounts
Will be given once a formal viewing has taken place.

Tenure
The current owners own the property and can offer upto 25 years on a lease and £25,000 rent PA.

Summary
The sale of this business offers potential buyers a fantastic opportunity to purchase a popular and traditional Indian restaurant in an enviable trading position in a highly populated town.

Price
Offers over £49,995 are sought for the leasehold, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

Viewings
Strictly by appointment through the sellers’ sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.

Offers
All offers, couched in Scottish Legal Terms, should be submitted to the seller’s sole agents Bruce & Company.

Further Information
Should you require further information on this or any other property, please do not hesitate to contact us on 0131 314 0660.

Nearest station

  • Montrose (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

  • Montrose (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.

Disclaimer - Property reference 44044. 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 ALTIUS GROUP LIMITED, Bruce & Co. 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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