This long established Indian restaurant premises has traded by the current owners for 35 years and is situated in the centre of Walton Hill, opposite the local primary school and adjacent to a variety of retail units. Walton Street is the main street through the village with the premises highly visible in an elevated position. The longevity of trading is significant but the premises may equally suit other cuisines.
The premises form part of a semi detached former village house arranged as an open plan modern restaurant currently operating around 75/80 covers plus modern WC facilities, latterly upgraded kitchen, ancillary stores, staff WC/shower rm and small garden and shed. The upper parts form a self contained two bedroom staff flat (requiring some updating) accessed from the restaurant accommodation.
Approx. dimensions (taken from Business Rates assessment as follows: -
Restaurant 971 sq ft (90.21m2)
Kitchen 233 sq ft (21.64m2)
Internal stores 79 sq ft (7.33m2)
The premises falls under the use class A3 (restaurant).
£30,000 per annum exclusive.
£100,000 to include fixtures and fittings as inventorised.
A new full repairing and insuring lease of the whole is to be granted for a term and rent review pattern to be agreed. Our Client is open to discussion on the term to be granted.
The Valuation Office Agency website lists the rateable value for the property as: £12,500
The UBR for 2018/19 is listed as 49.3p.
All rents, prices and premiums are stated exclusive of VAT under the Finance Act 1989. Accordingly, interested parties are advised to consult their professional advisers as to their liabilities, if any, in this direction. We undertand that the premises are NOT elected for VAT.
Each party to be responsible for their own legal costs in the transaction.
Strictly by prior appointment only through sole agents: