Restaurants For Sale in Luton South_east

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London Properties Are Pleased To Offer To The Market This Indo-italian Restaurant For Sale & Occupying An Ideal Trading Position

Location:Luton, South East

Category:Restaurant

Asking Price:£99,950

  • Sales revenue : Undisclosed
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • London Properties Are Pleased To Offer To The Market This Indo-italian Restaurant For Sale & Occupying An Ideal Trading Position
  • London Properties Are Pleased To Offer To The Market This Indo-italian Restaurant For Sale & Occupying An Ideal Trading Position
  • London Properties Are Pleased To Offer To The Market This Indo-italian Restaurant For Sale & Occupying An Ideal Trading Position
  • London Properties Are Pleased To Offer To The Market This Indo-italian Restaurant For Sale & Occupying An Ideal Trading Position
  • London Properties Are Pleased To Offer To The Market This Indo-italian Restaurant For Sale & Occupying An Ideal Trading Position

Business description

LOCATION:

Occupying an ideal trading position with excellent access to major road and motorway links (A6, A5 & M1 etc.) on the densely populated outskirts of the prosperous Bedfordshire town of Luton.

DESCRIPTION:

The restaurant is located in a residential area, serving a wealthy population of customers. The restaurant has been recently refurbished to the highest standards, allowing an immediate trade and to reduce the costs for refurbishment. The restaurant had excellent reviews when trading on Tripadvisor, and is a favourite not only to the local residents but also for the clients coming from the nearby areas and willing to enjoy a distinguished indo-Italian restaurant

USES:

A1/A2/A3 with alcohol license to midnight & music licence to 11 p.m

PREMIUM:

£99,950 for the benefit of the lease, fixtures & fittings.

RENTAL:

£36,000 per annum including vat.

TERMS:

7 years lease remaining

BUSINESS RATES:

Current business rates are £12,000 per annum. Interested parties are recommended to make their own enquiries with the Rating Department of Luton Borough Council

SIZE:

Approximately 1657 sq ft

OPENING HOURS:

Tuesday - Thursday 14:30 p.m to 11:30 p.m - Friday 14;30 p.m to 11:30 p.m - Saturday 14:00 p.m to 11:30 p.m & Sunday Sunday 12:00 noon to 8:30 p.m

STAFF:

Owner managed with 5 Staff

TURNOVER:

Available on request

LEGAL COST:

Each party to bare their own legal and professional costs in this transaction

LOCAL AUTHORITY:

Luton

ENERGY PERFORMANCE CERTIFICATE:

Energy Performance Asset Rating is 60 - C Rating. A copy of this property’s energy performance certificate can be viewed at [Web Link Censored] as a pdf file

COVERS:

62

REFERNCE CHARGE:

London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord.

HOLDING DEPOSIT:

A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account

FIXTURE & FITTINGS:

Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition

AGENT NOTE:

London Properties for themselves for Lessors, Vendors and their agents, give notice that:-

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.

2. These details do not constitute any part of an offer or contract.

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.

4. All rent prices, fees and charges are quoted exclusive of VAT

VIEWINGS:

Through London Properties by appointment only

Other Information

  • Real Estate: London Properties * * ***5
  • Years Established: 10 years
  • Employees: Owner managed with 5 Staff
  • Trading Hours: Tuesday - Thursday 14:30 p.m to 11:30 p.m - Friday 14;30 p.m to 11:30 p.m - Saturday 14:00 p.m to 11:30 p.m & Sunday Sunday 12:00 noon to 8:30 p.m
  • Reason For Selling: Other Business
  • Lease Terms: 7 years lease remaining
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