Exceptional Indian Restaurant In South Birmingham For Sale

Business description

Description:
The Business Partnership is pleased to have been appointed as sole selling agent in order to seek a purchaser for this exceptionally well fitted out Indian restaurant, which has only been made available due to a change in the personal circumstances of our clients.

Fully licensed A3 Restaurant, with A5 Takeaway planning consent, currently offering authentic Indian cuisine to a discerning and growing clientele, but could easily suit Italian, Chinese, Thai etc.

Premises Details:
Planning Consent:
Full A3 & A5, and benefiting from an ability to sell alcohol.

Property information

Property:

Leasehold

Lease terms:

Leasehold - a fully renewable 15-year lease, which commenced in 2009, is place for any purchaser, at a rental of £25,000, plus VAT, per annum. However, there is an agreement with the landlord, that half rent is paid till September 2012. Rent reviews are every 5-years.

We understand that there is a service charge payable, which is only thought to be in the region of £600 per annum.

Location:

Well located South of Birmingham in north Worcestershire, within a large mixed residential community.

Business Operation

Reasons for selling:

A change in personal circumstances means that the owners have reluctantly offered the business for sale, and which will be explained to any seriously interested party at the time of viewing.