Nepalese Restaurant for Sale in Newark on Trent Nottinghamshire with 120 Covers and 5-Star Hygiene Rating

Description

MAIN DETAILSFully fitted and well-established Nepalese restaurantApproximately 2,799.58 sq. ft with seating for around 120 coversBenefits from gas supply, extraction system, and premises licence already in place5-star hygiene rating achievedLANDLORD’S REQUIREMENTSA guarantor may be required subject to references3–6 months rent deposit required subject to referencesStandard referencing and affordability checks will be carried outLEASE DETAILSLease expiry: December 2034 (inside Landlord and Tenant Act 1954 security of tenure provisions)Annual rent: £25,000 exclusiveRent review cycle: Every 5 yearsNext rent review: December 2029Premium: £170,000 (business, lease, fixtures, and fittings included)THE PREMISESInternal area: approximately 2,799.58 sq. ftSeating capacity: approximately 120 coversEquipped with gas supply and commercial extraction systemPremises licence in placeRateable value: £24,000Business rates payable: approximately £11,976 per annumTHE BUSINESSGross annual revenue: approximately £598,000 (around £11,500 per week as advised)The restaurant is operated by the client with a team of 5 full-time and 5 part-time staff membersLOCATIONNottinghamshireVIEWINGS & CONFIDENTIALITYAll prospective purchasers must provide proof of funds to satisfy both the premium and landlord requirements.A non-disclosure agreement is required prior to release of further information due to client confidentiality.Viewings are strictly arranged through Restaurant Property Sellers only. By proceeding, all parties agree to the stated terms and conditions.DISCLAIMERThe information above has been provided by the seller and is issued without responsibility on the part of the agent. It should not be relied upon as statements of fact. Interested parties must satisfy themselves as to the accuracy of all details. The agent and its employees have no authority to make or provide any representation or warranty in relation to the property.