Curry Rasoi, 77 Northumberland Avenue, Reading, RG2 7PT

£38,000

Size

550

Tenure

Leasehold

EPC

Parking

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Spaces

1

Space
Space use
Size
Unit - Whole Premises
Restaurant
550
Size
Primary use
Restaurant

Key features

  • Indoor seating for approximately 25 covers - Scope for outdoor seating (subject to council consent)
  • Approx. 50 sq m / 538 sq ft premises
  • Fully fitted and licensed Indian & Indo-Chinese restaurant - excellent commercial kitchen
  • Lease until April 2034 (approx. 8 years remaining)
  • Low current rent of £14,000 per annum
  • 5-star food hygiene rating
  • Scope to increase turnover through extended opening hours and marketing

Description

Authentic Licensed Indian & Indo-Chinese restaurant with 8 years lease, low rent, fitted kitchen and growth potential.

Additional information

Service charge
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Business rates
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Key features

  • Indoor seating for approximately 25 covers - Scope for outdoor seating (subject to council consent)
  • Approx. 50 sq m / 538 sq ft premises
  • Fully fitted and licensed Indian & Indo-Chinese restaurant - excellent commercial kitchen
  • Lease until April 2034 (approx. 8 years remaining)
  • Low current rent of £14,000 per annum
  • 5-star food hygiene rating
  • Scope to increase turnover through extended opening hours and marketing

Description

An opportunity to acquire a fully fitted and established Indian & Indo-Chinese restaurant in Reading. The business benefits from authentic cuisine, indoor seating for approximately 25 covers, a low passing rent of £14,000 per annum and a lease until April 2034. The premises have been refurbished in recent years and include a fully equipped commercial kitchen, CCTV and a 5-star food hygiene rating. There is further scope to grow the business through increased marketing, longer opening hours, delivery expansion and potential outdoor seating (subject to the necessary consents).

The property occupies a prominent position on Northumberland Avenue in Reading, serving a densely populated residential catchment area and benefitting from nearby schools, local businesses and passing traffic. The premises are well positioned for both dine-in and takeaway trade, with convenient access to Reading town centre, Junction 11 of the M4 and surrounding residential districts.

Viewings strictly by prior appointment through the sole agents, Lansley Commercial. Please do not approach staff, customers or the owner directly.

Lease: Held on a lease expiring 30th April 2034 (approximately 8 years remaining) at a current rent of £14,000 per annum exclusive. The lease is contracted outside the Landlord & Tenant Act 1954, on effectively full repairing and insuring terms. Assignment is subject to landlord's consent, with the landlord operating a strict referencing process for incoming tenants.

Agent's Fee: £650 plus VAT, payable by the purchaser upon completion of the sale to Lansley Commercial for introducing and facilitating the transaction.
Additional information
Service charge
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Business rates
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Use class
E
Listed building
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Leasehold: Ask agent
Tenure
Leasehold
Length of lease
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Energy performance certificate: B

An Energy Performance certificate helps you understand the current energy efficiency of a property.

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BREEAM rating
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Environmental description
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Brochure

Curry Rasoi, 77 Northumberland Avenue, Reading, RG2 7PT

NEAREST STATIONS

National Rail

Reading Station

1.48 miles

National Rail

Reading West Station

1.67 miles

National Rail

Reading Green Park Station

1.86 miles

About Lansley Commercial, Reading

Lansley Commercial, Reading

Lansley Commercial specialises in small business sales, valuations and commercial property disposals.

We act for owner-managed businesses and commercial property owners, handling mixed-use investments, retail units, offices and light industrial premises.

Our approach is practical and results-driven, with a focus on achieving market value and progressing deals through to completion.

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Disclaimer - Property reference 372972-1. 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 Lansley Commercial, Reading. 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.