Superb Chinese Restaurant Seating 70 In Barkingside For Sale

Business description

A very well appointed air conditioned Oriental Restaurant seating 70 with sufficient room for perhaps up to 100 covers! Occupying an outstanding trading position in a very busy and much sought after location. The Restaurant has an attractive glazed frontage giving access into a stylish reception & bar area, having comfortable leather sofas and chairs and a feature semi circle Bar/Servery with a Tropical Fish Tank. Behind this, a small area given over for cloaks and a small store for wines & spirits. This area also houses the controls to the sound system serving all customer areas. This then leads to the principal and very well proportioned dining area with seating for 70 at good quality furniture. Immediately to the rear of the trading area there is a secondary servery area for cutlery and table linen with heated cabinets. This then leads to the spacious and very well equipped commercial level kitchen, having a 450 cubic feet walk in cold store, 9 burner cooker with a stainless steel extraction canopy system above, storage facilities, fridges, hot cabinets, stainless steel sinks and stainless steel work surfaces, and access to a staff WC with WHB. Separate, fully tiled and well appointed ladies & gents WC & WHB facilities. Service access to the rear with hard standing/parking for 2 vehicles providing useful external storage facilities and access for deliveries. Fire escape routes to the rear of the building.

The Premises: Trading Areas: 1,518 sq.ft. approx. with seating for 70. Level Kitchen 340 sq.ft. approx. Walk-In Cold Store 450 cubic feet approx. Store 64 sq.ft. approx.Cloaks Area 36 sq.ft. approx. Ladies & Gents WC & WHB facilities. Outside: Service access to the rear with hard standing/parking for 2 vehicles, providing useful external storage areas, and access to two adjacent roads used for deliveries.

Living Accommodation: A self contained flat, with 2 double bedrooms, 1 single bedroom and a bathroom and separate WC. These parts are occupied by staff, but have letting potential of some £600 per month given their close proximity to excellent bus & rail links and shopping facilities immediately at hand.

Takings: £5,750 per week average inc. VAT with gross profits of some 65% advised.

Trading Hours: Closed Mondays. Tuesday to Sunday 11.30 till 3.30 and 5.30 till 11.30, with extended hours on Fridays and Saturdays till 12 midnight.

Staff: Run by our clients the vendors a husband and wife team employing 7 mixed full and part time staff.

TENURE: Long Renewable Lease. Rent £36,500pa.

ASKING PRICE: £138,000 But Sensible Offers Will Be Considered for Quick Sale

Property information

Property:

Leasehold

Lease terms:

Renewable lease for 50 years from 1991 subject to 5 yearly rent reviews. Rent £36,500pa.

Living accommodation:

Self Contained 3 Bedroom Flat

Location:

Excellent High Street Location

Premises details:

Very Spacious Shop Premises with A3 Use with Self Contained Residential Upper Parts

Planning consent:

A3

Business Operation

Reasons for selling:

Other business commitments

Other information

Financing available:

Finance available via Salmon Charles Subject to Status up to 10% of the purchase price or valuation