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Restaurant for sale

Watery Lane, Ashton-on-Ribble, Preston, PR2

Removed £50,000

Property Description

Key features

  • Business For Sale
  • Ground floor
  • Fully Fitted Equipment
  • Seating Area
  • Viewing is a Must
  • Great Potential
  • Great Investment
  • Parking

Full description

An excellent main position restaurant in Preston close to motorways, city centre and on a very busy main road. Close to businesses and residential area. Trading for over 25 years with the same owner now available due to retirment.
King Karai is renowned throughout the Preston area having built up a reputation in the Indian cuisine industry and has been in trade for over 25 years. Dominating a large plot on a busy main road with accessible car park and high footfall and passing trade. This restaurant would offer any new comer an opportunity to owner a restaurant in one of Preston’s sough after locations.
Internally the ground floor boasts a ray of restaurant features and stunning workmanship. With wooden floors, modern lighting, tasteful decor, thought out seating plan and tables, bar, toilets, fire exit, alarm, Kitchen area and AC. This ready to trade from restaurant has seating for 70 covers. The standard of this business must be seen to appreciate the work that has gone into it.
There is a second floor include whcih can be used as office space, storage or even rentable space.
Fixtures and Fitting included.
Accommodation size:
The property provides the following approximate net internal floor areas:
Ground Floor:
Restaurant = 88 m² / 947 ft²
Kitchen = 30 m² / 322 ft²
Internal Storage = 4 m² / 43 ft²
Internal Storage = 3 m² / 32 ft²
Public Toilets = 7 m² / 75 ft²

First Floor:
Internal Storage = 7 m² / 75 ft²
Kitchen = 8 m² / 86 ft²
Internal Storage = 48 m² / 516 ft²
Internal Storage = 12 m² / 129 ft²
All measurements have been made in accordance with the RICS Code of Measuring Practice
This business comes with the following equipment.
CCTV Security system, freezers, prep area, hotplate prep area, pizza prep, raw eat fridge, double sink, single sink, fridges, tandoori naan oven, 9 gas burner cooker, extractor, glass washer, cold room, bar / counters, fridge, freezer, under counter fridges, cash register system, drinks machines, male and female toilet facilities TVs, and much more.
This is truly a grand restaurant which is fully fitted and ready to go.
Mains gas, electricity and water supplies are laid on, drainage to main sewer and assumed to be in working order.
Currently used as a RESTAURANT.
Prospective Tenant are advised to make their own enquiries of Preston City Council's Planning Department on 01772 906581.
A copy of the EPC is available in due course or the can be inspected at your local Kingswood office.
The unit is available by way of a new and effectively full repairing and insuring lease subject to an upward only rent review for a term of years to be agreed
Goodwill for this business is £50,000.00
Including all equipment stated
This restaurant has a current Turnover of £150,000.00 Per annum
With potential to increase.
£18,00.00 per annum, no Vat and excluding rates, payable in advance by standing order and subject to contract
Extra parking available for £1600.00 + Vat
Rating assessment:
Rates payable for 2016/2017 are 49.3p in the £.
This property may be entitled to 100% rates relief dependant on circumstance
The Valuation Office Agency website describe the premises as being assessed as a “RESTAURANT AND PREMISES” with a Rateable Value of £13,500
All interested parties are, however, advised to make their own enquires of Preston City Council Rating Department on 01772 906972.
All rents and prices quoted are or may be subject to the addition of VAT at the prevailing rate.
Legal Cost:
Each party are to be responsible for their own legal costs incurred in the transaction.
Strictly through Kingswood on an appointment basis only.
Please contact Kingswood on:
Preston City Centre Office: 01772 88 65 55, Unit 8, Fishergate, Preston, PR1 2NJ
Fulwood Office: 01772 71 71 81, 77 Watling Street Road, Fulwood, Preston, PR2 8EA
These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.

Energy Performance Certificates (EPCs)

Map & Street View

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