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Market Place, Stowmarket, IP14

£130,000

£439.19 per sq ft

Business rates & charges may apply

Gilbert and Rose Commercial, Essex Commercial
SIZE AVAILABLE

296 sq ft

28 sq m

SECTOR

Restaurant for sale

Description

Add Description from Bradleys

Location

The property enjoys a prime trading location in the bustling market town of Stowmarket, nestled within a well established parade of shops. The premises is surrounded by various other independent and big name traders including a Coral betting shop, Superdrug and a Boots to name a few

Tenure

7 Years unexpired on the lease, at a current rental of £20,000 per annum exclusive.

Premises

A charming terrace retail shop, boasting a stylish facia board and a sleek glazed frontage, inviting customers into a spacious premises measuring approximately 972 square feet which is arranged as follows:



Upon entry, you're greeted by an ambience of modernity and functionality. The MAIN RESTAURANT area is adorned with elegant wood effect flooring, complemented by spot lighting and enhanced by a refreshing air conditioning system. Presently configured for 38 covers, this versatile space can easily accommodate more patrons if desired. To the left-hand side, an L-shaped counter sets the stage for seamless service.

Commercial Kitchen

Behind it lies an expansive COMMERCIAL KITCHEN designed for efficiency and culinary excellence, the kitchen features tiled walls and floors, augmented by a robust extractor system, double pizza oven, various stainless steel prep tables, prep table with under counter refrigeration and saladette above, twin basket fryer, pizza prep table with under counter refrigeration, under counter display drinks fridge, till system, 6 burner range, wash hand basin, another stainless steel prep with under counter refrigeration, microwave, coffee machine (leased at £81 pcm), and large double stainless steel fridge. Adjacent to the kitchen, a well-appointed PREP ROOM awaits with tiled walls and floors, large double stainless steel sink, dishwasher, stainless steel prep table and large dough mixer. 

Dry Store

Beyond, a convenient a further opening leads into a DRY STORE with stainless steel shelving provides organised storage space. A door to the right of this area leads into a corridor with WCs and a small storage cupboard, this area can also be accessed via a door within the restaurant area for customer use also. Another door from the secondary store leads into another STORE furnished with a large chest freezer, ice cream display freezer, and more stainless steel prep space, catering to various storage needs. A door at the rear leads outside where there is 1 PARKING SPACE which is rented for £240 per annum.

Trading Hours

Monday - Sunday 3pm - 10pm

Staff

The business is run be the vendor on a Part Time basis, with the assistance of 2 Full Time and 3 Part Time members of staff.

Turnover

We are advised Turnover averages approximately £7,000 per week working to the usual high gross profit margins associated with the trade.

Business Rates

The premises is subject to a rateable value of £17,750

Legal Costs

Each party are to be responsible for their own legal costs incurred in the transaction, with the landlord's reasonable legal costs to be split 50/50.

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.

Market Place, Stowmarket, IP14

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Stowmarket Station0.3 miles
  • Needham Market Station3.5 miles
  • Elmswell Station4.9 miles

About Gilbert and Rose Commercial, Essex Commercial

1333-1335 London Road, Leigh-On-Sea, SS9 2AD

Gilbert & Rose Business Transfer and Commercial Property Sales and Lettings

Gilbert & Rose is a respected and well-established name in the real estate industry, renowned for our expertise in Residential Sales and Lettings. Building on our success in this area, we have expanded our services to encompass business transfer and commercial property sales and lettings. As part of this strategic expansion, we have recently partnered with Bradleys Countrywide Limited, a highly regarded company with over sixty years of experience in commercial business transfer within Essex, Hertfordshire, and Suffolk.

By combining our strengths and leveraging the extensive knowledge and database of our merger partner, we possess unparalleled access to comparable evidence. This enables us to provide accurate valuations and deliver successful business sales for our clients. Our marketing approach is comprehensive and innovative, utilizing a range of powerful tools such as video marketing, professional photography (including drone shots), and virtual tours. We conduct extensive marketing and advertising campaigns, leveraging the reach of the largest business and residential property websites, alongside our own constantly updated platform. We understand the importance of maintaining confidentiality in certain cases, and we offer tailored advertising solutions to meet the specific requirements of our clients.

At Gilbert & Rose, transparency is at the heart of everything we do. Our fees are competitive and transparent, with no hidden charges, and payment is only required upon the successful completion of a transaction. We take pride in providing expert advice and guidance to our clients, whether they are ready to sell or simply seeking information. Our dedicated team is committed to exploring the best options available to suit your individual needs, ensuring that you can make well-informed decisions throughout the process.

Whether you are looking to buy, sell, or lease a property, we invite you to contact us for any further information you may require. At Gilbert & Rose, our commitment to delivering exceptional service is unwavering. We are here to assist you every step of the way on your real estate journey. Get in touch with us today and let us help you achieve your goals with confidence and success.

Notes

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Disclaimer - Property reference RX367014. 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 Gilbert and Rose Commercial, Essex Commercial. 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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