Restaurant for sale

222-224 High Street - PH1

£69,999

Property Description

Commercial information

  • Business for sale

Key features

  • PRICE REDUCED FOR QUICK SALE!!
  • High Street Location, Tourist Area
  • 56 Covers
  • Recently Refurbished

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 clients ownership for 5 years and they have very reluctantly taken the decision to place it on the market due to health reasons. The restaurant is situated in a prime position in Perth city centre and attracts business from regular clientèle in the local area as well as a high number of tourists that visit this area. The business is hugely popular due to it being the only Indian restaurant in the city centre of Perth and as such it trades with high service figures. The business has great potential for growth by increasing opening times and utilizing the late alcohol license.

Trading Houes
Lunch Dinner
Tues-Thur 12.00-02.30 17.00-22.00
Fri/Sat 12.00-16.30 17.00-22.00
Sun 13.00-16.30 17.00-22.00
Closed Monday


Situation
Maza Indian Restaurant is centrally located in the popular tourist city of Perth. The business premises have excellent access to all the amenities within the city centre including most of which are within walking distance and bus and train stations are in close proximity. The city of Perth enjoys a wide range of High Street stores, designer shops, supermarket, theatre, cinema and leisure centre, swimming pool, ice rink and many social and recreational amenities. Perth also has four golf courses, the River Tay for salmon and trout fishing, Perth Race Course and other places of interest.

Building Internal
The business occupies the ground floor level of a traditional tenement building. The restaurant is delightfully finished with a modern interior yet offers an elegant and traditional indian ambiance. The restaurant is furnished with high backed leather seats and stylish modern tables. The business has a fully equipped commercial kitchen which is located towards the rear behind the main area and there is also a food service area. Additional benefits of this property and business are a large storage room and a managers office and there are customer WC facilities.

Staff
Managed by owner and run with Full and Part time staff

Building External
The business is situated in a highly visible trading position situated in amongst a selection of residential and commercial properties. On street parking is available and there is further parking in and around the town. There is also parking available behind the restaurant.

Services
The property has mains water, drainage, electricity, gas.

License
The business trades with a full restaurant license and currently holds a pavement license.


Accounts
Will be given once a formal viewing has taken place

Tenure
a) The business is offered on the Scottish equivalent of leasehold with an existing lease of 15 years and an annual rental of £25k per annum including insurance premium.

Summary
The sale of this business offers potential buyers a fantastic opportunity to purchase a popular Indian restaurant in an enviable trading position in a highly populated tourist area. Early viewing is highly recommended.

Price
O/O £69,999 are sought for the leasehold, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.


Viewing
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 3140660.


Nearest station

  • Perth (0.4 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

  • Perth (0.4 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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