Bromley Hill, Bromley, Kent, BR1

For Sale - - £120,000

Property photo

Restaurant

Spacious Newly Fitted Licensed Turkish Restaurant

Features

- The restaurant has recently been modernized & refurbished at considerable expense. Opened as Turkish cuisine in March, 2017 & in our opinion offering tremendous potential for development in the right hands.

- Impressive & spacious restaurant with tiled floor, ceiling lighting. 2 air conditioning units. Tables & chairs providing seating for 52 persons. Cool display serve over counter, computerised system.

- Open-plan cooking area with stainless steel extractor system, charcoal grill etc.

- Level preparation kitchen with tiled floor & tiled walls, 1 deep freezer, 1 stainless steel fridge, double sink & drainer etc.

- Fully tiled ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

Turnover

- We are informed the turnover currently is in the region of £6,500/£7,000 p.w. including takeaway & delivery, in our opinion offering tremendous potential for further development in the right hands.

Staff

- At present operated by the vendor with the assistance of a relative on a part time basis. Staff employed 2 chefs, 1 kitchen porter plus 1 waiter.

Trading Hours

- 11.30 a.m. - 11.30 p.m. seven days per week

Tenure

- We understand the premises are held on a secure renewable lease, the present lease having approximately 19 years unexpired at a rental of £18,000 p.a. exclusive of rates for the next 4 years with rent review at that time and thereafter every 5 years.

- Uniform Business Rates: Nil payable after small business relief

- Recommended for early inspection

Price

- To include the secure lease, goodwill, fixtures, £120,000 plus stock at valuation. Substantial load to an approved applicant.

Finance

- Subject to status, you may be able to borrow up to £61,250 (lease) to purchase this business, with a house or additional security you may be able to borrow the full amount.


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Spacious Newly Fitted Licensed Turkish Restaurant
 Features " The restaurant has recently been modernized & refurbished at considerable expense. Opened as Turkish cuisine in March, 2017 & in our opinion offering tremendous potential for development in the right hands. " Impressive & spacious restaurant with tiled floor, ceiling lighting. 2 air conditioning units. Tables & chairs providing seating for 52 persons. Cool display serve over counter, computerised system. " Open-plan cooking area with stainless steel extractor system, charcoal grill etc. " Level preparation kitchen with tiled floor & tiled walls, 1 deep freezer, 1 stainless steel fridge, double sink & drainer etc. " Fully tiled ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin Turnover " We are informed the turnover currently is in the region of £6,500/£7,000 p.w. including takeaway & delivery, in our opinion offering tremendous potential for further development in the right hands. Staff " At present operated by the vendor with the assistance of a relative on a part time basis. Staff employed 2 chefs, 1 kitchen porter plus 1 waiter. Trading Hours " 11.30 a.m. - 11.30 p.m. seven days per week Tenure " We understand the premises are held on a secure renewable lease, the present lease having approximately 19 years unexpired at a rental of £18,000 p.a. exclusive of rates for the next 4 years with rent review at that time and thereafter every 5 years. " Uniform Business Rates: Nil payable after small business relief " Recommended for early inspection Price " To include the secure lease, goodwill, fixtures, £120,000 plus stock at valuation. Substantial load to an approved applicant. Finance " Subject to status, you may be able to borrow up to £61,250 (lease) to purchase this business, with a house or additional security you may be able to borrow the full amount.

  
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Branch Address
428 Downham Way
Bromley
Kent
BR1 5HR
Contact
A: De Scotia
T: 0208 697 8871
E: enquiries@descotia.com
Reference: RIGHT_002105
IMPORTANT NOTICE
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further enquiries to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.