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OIRO
£50,000

Watery Lane,
Preston,
PR2 2NN
www.kingswoodproperties.co.uk
...
Studiox 0x
OIRO
£50,000
Watery Lane,
Preston,
PR2 2NN

Location:

An excellent main position restaurant in Preston close to motorways, city centre and on a very busy main road. Close to businesses and residential area. Trading for over 25 years with the same owner now available due to retirment.  

Description:

King Karai is renowned throughout the Preston area having built up a reputation in the Indian cuisine industry and has been in trade for over 25 years. Dominating a large plot on a busy main road with accessible car park and high footfall and passing trade. This restaurant would offer any new comer an opportunity to owner a restaurant in one of Preston’s sough after locations.  

Internally the ground floor boasts a ray of restaurant features and stunning workmanship. With wooden floors, modern lighting, tasteful decor, thought out seating plan and tables, bar, toilets, fire exit, alarm, Kitchen area and AC. This ready to trade from restaurant has seating for 70 covers. The standard of this business must be seen to appreciate the work that has gone into it.

There is a second floor include whcih can be used as office space, storage or even rentable space. 

Fixtures and Fitting included.

Accommodation size:

The property provides the following approximate net internal floor areas:

Ground Floor:

Restaurant = 88 m² / 947 ft²        

Kitchen = 30 m² / 322 ft²

Internal Storage = 4 m² / 43 ft²  

Internal Storage = 3 m² / 32 ft²  

Public Toilets = 7 m² / 75 ft²        

 

First Floor:

Internal Storage = 7 m² / 75 ft²        

Kitchen = 8 m² / 86 ft²

Internal Storage = 48 m² / 516 ft²  

Internal Storage = 12 m² / 129 ft²  

All measurements have been made in accordance with the RICS Code of Measuring Practice

Equipment:

This business comes with the following equipment.

CCTV Security system, freezers, prep area, hotplate prep area, pizza prep, raw eat fridge, double sink, single sink, fridges, tandoori naan oven, 9 gas burner cooker, extractor, glass washer, cold room, bar / counters, fridge, freezer, under counter fridges, cash register system, drinks machines, male and female toilet facilities TVs, and much more.

This is truly a grand restaurant which is fully fitted and ready to go.

Service:

Mains gas, electricity and water supplies are laid on, drainage to main sewer and assumed to be in working order.

Planning:

Currently used as a RESTAURANT.

Prospective Tenant are advised to make their own enquiries of Preston City Council's Planning Department on 01772 906581.

EPC:

A copy of the EPC is available in due course or the can be inspected at your local Kingswood office.

Lease:

The unit is available by way of a new and effectively full repairing and insuring lease subject to an upward only rent review for a term of years to be agreed

Sale:

Goodwill for this business is £50,000.00

Including all equipment stated

This restaurant has a current Turnover of £150,000.00 Per annum

With potential to increase.

Rent:

£18,00.00 per annum,  no Vat and excluding rates, payable in advance by standing order and subject to contract

Extra parking available for £1600.00 + Vat

Rating assessment:

Rates payable for 2016/2017 are 49.3p in the £.

This property may be entitled to 100% rates relief dependant on circumstance

The Valuation Office Agency website describe the premises as being assessed as a “RESTAURANT AND PREMISES” with a Rateable Value of £13,500

All interested parties are, however, advised to make their own enquires of Preston City Council Rating Department on 01772 906972.

VAT:

All rents and prices quoted are or may be subject to the addition of VAT at the prevailing rate.

Legal Cost:

Each party are to be responsible for their own legal costs incurred in the transaction.

Viewings:

Strictly through Kingswood on an appointment basis only.

Please contact Kingswood on:

Preston City Centre Office: 01772 88 65 55, Unit 8, Fishergate, Preston, PR1 2NJ

Fulwood Office: 01772 71 71 81, 77 Watling Street Road, Fulwood, Preston,   PR2 8EA

mail@kingswoodproperties.co.uk

www.kingswoodproperties.co.uk

Disclaimer:

These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.



Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers.

Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.

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Features:
  • Viewing is a Must, Great Potential, Fully Fitted Equipment, Great Investment, Seating Area, Ground floor , Parking, Business For Sale
Phone: 01772 71 71 81
Email:mail@kingswoodproperties.co.uk
www.kingswoodproperties.co.uk
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