Paul Fox Commercial

CHARTERED SURVEYORS & ESTATE AGENTS

t: 01724 870520
f: 01724 870532
e: property@paulfoxcommercial.co.uk
 
 
 
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LE RAJ INDIAN RESTAURANT & TAKEAWAY 20 MARKET PLACE BRIGG NORTH LINCOLNSHIRE DN20 8LD

FOR SALE:
£20,000
1200 sq ft (111.52 sq m)
  • Centrally placed within a popular Market Town.
  • The business has been established for 19 years.
  • Approx size 111.52 sqm 1200 sq ft
  • Rent 9,000 per annum.
  • Price includes business plus fixtures and fittings.
  • Alternative uses Italian, Turkish or Thai.
LE RAJ INDIAN RESTAURANT & TAKEAWAY 20 MARKET PLACE BRIGG NORTH LINCOLNSHIRE DN20 8LD,
Location:  
 
  The subject property is situated slightly to the east of Brigg a popular Market Town centrally placed in North Lincolnshire and approximately 8 miles to the east of Scunthorpe. Brigg has easy access to the M180 motorway at junction 4 and 5 with junction 5 linking to the A15 and the Humber Bridge. The restaurant is located in Market Place on a prominent corner to Bigby Street. Market Place is pedestrianised and comprises of retail, offices, public houses, banks and tourist information offices. Just to the south is a Local Authority car park.
 
Description:  
 
  Ground floor unit with the restaurant having recessed entrance to Market Place and display window with return frontage to Bigby Street. The restaurant as laid out has seating for 43 with attractive furniture, false ceilings, spotlighting and decorations along with an informal seating area. Separate bar area with servery bar, shelving and optics etc. Kitchen area to the rear with secondary access to Bigby Street. The kitchen is fully fitted and includes a 10 burner hob, extractor, tandoori oven plus 4 freezers, double fridge, plate warmer, microwaves. Further fittings and equipment commensurate with its size
 
Accommodation:  
 
 
Description sq ft sq m
GROUND FLOOR
Restaurant 694 64.49
Bar area 195 18.13
Lobby 45 4.14
Male WC
Female WC
Kitchen 266 24.76
Staff WC
Total 1200 111.52
 
Rates:  
 
  The property is entered in the rating list as Restaurant and Premises. Rateable Value 9,000 pa. The rateable value is below the Government threshold for small business rate relief. An ingoing tenant may be able to claim 100% exemption. Interested parties are advised to contact the Local Rating Authority as to whether any rate relief is available.
 
Services:  
 
  Gas, electricity, water and drainage are understood to be connected to the subject property. Gas boiler for hot water, air conditioning to restaurant area. Services have not been tested and prospective occupiers are advised to check the adequacy of the supply for their intended use. EPC C62.
 
Disposal Terms:  
 
  The restaurant is held on a new 15 years lease from January 2020 with the tenant responsible for internal repairs and shop front. Rent 9,000 pa. This successful restaurant and takeaway has been trading for 19 years and is open 6 days per week and run by four staff and the owner. The turnover was approximately 80,000 for the year ending 2018 pa. The sale includes business, and all fixtures and fittings as laid out for an Indian restaurant and takeaway. It should be noted that the restaurant could easily be converted to a Turkish or Thai restaurant all of which are not presently represented in Brigg and could provide an interesting business opportunity.
 
Viewing:  
 
  Viewing is strictly by appointment with the agent. Please contact the Scunthorpe office on 01724 870520 to arrange a viewing.
 
Price  
 
  £20,000
 
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Conditions under which particulars are issued: Fox Knight (Commercial) Ltd trading as Paul Fox Commercial - for themselves and for their vendors or lessors of this property whose agents they are give notice that: i) the particulars are set out as a general outline only for the guidance of the intending purchaser or lessees and do not constitute, or constitute part of an offer or contract; ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith but without responsibility on the part of the vendor, lessor, Fox Knight (Commercial) Ltd trading as Paul Fox Commercial or their employees. Any intending purchaser or lessee should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; iii) no person in the employment of Fox Knight (Commercial) Ltd trading as Paul Fox Commercial, has any authority to make or give representations or warranty whatsoever in relation to the property; iv) all rentals and prices are quoted exclusive of VAT; v) Fox Knight (Commercial) Ltd trading as Paul Fox Commercial will not be liable, in negligence or otherwise for any loss arising from the use of these particulars.
 
 
 
 
 

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