well-established indian restaurant business for sale as a going ...
BUSINESS FOR SALE
WELL-ESTABLISHED INDIAN RESTAURANT BUSINESS FOR SALE AS A GOING CONCERN BUSTLING TRADING LOCATION FEATURES INCLUDE A FITTED BAR AREA, 32 TABLE COVERS, AIR-CONDITIONING, CCTV, FEATURE LIGHTING, LADIES AND GENTS TOILETS & REAR GARAGE
19 YEAR REMAINING LEASE TERM
ESSENCE OF ASIA, 5 JENGERS MEAD BILLINGSHURST, WEST SUSSEX RH14 9PB Henry Adams (Horsham) LLP 50 Carfax, Horsham, West Sussex RH12 1BP 01403 282519 [email protected] henryadams.co.uk Residential / Commercial / Rural / Development / Auctions Robert Crawford Clarke BSc AGRIC MRICS Howard Ball MNAEA MARLA Consultant: Eddie Jenkinson BA (Hons) MRICS IRRV. Henry Adams (Horsham) LLP is a limited liability partnership which operates under licence and is independently owned. Registered in England and Wales No. OC339620. Registered office 50 Carfax, Horsham RH12 1BP. VAT No. 938 6934 67 Regulated by the RICS (Royal Institution of Chartered Surveyors)
LOCATION Billingshurst is a large thriving village situated at the junction of the A29 and A272, between Horsham and Petworth. Serving a large rural community, the village has a good range of local facilities. The subject property is situated within the village’s principal shopping parade of Jengers Mead, adjacent to the High Street. There is a fast and frequent train service to London Victoria (1 hour 13 minutes) from Billingshurst train station, which is situated 0.7 miles to the immediate south of the property. A location plan and street view can be viewed online through Google Maps and typing in the property’s postcode RH14 9PB. DESCRIPTION A fully fitted and well equipped restaurant / takeaway premises arranged over ground floor, offering 32 covers (NIA 643 sq ft) LEASE TERMS The premises are available by the assignment of an existing 25 year effective full repairing and insuring lease from October 2008. The lease is subject to five yearly rent reviews with the next being scheduled for October 2018. The current passing rent is £16,000 per annum exclusive of rates. A deposit equivalent to three months’ rent will be required together with bank and trade references. CURRENT BUSINESS Essence of Asia has been established since 2008 and it trades as a traditional Indian restaurant / takeaway, serving the village and outlying hamlets. PREMIUM A premium is being sought for the benefit of the lease, goodwill, trade fixtures/fittings including extensive catering equipment. Offers invited. VAT We are advised that the premises are VAT exempt. LEGAL COSTS The Assignee is to contribute a fixed amount of £500 plus VAT towards the Assignor’s professional fees. BUSINESS RATES (2013 | 2014 FINANCIAL YEAR) The current Rateable Value advertised online by the Valuation Office Agency www.voa.gov.uk is £7,200. The Uniform Business Rate for the current financial year is 46.2p in the £ making the Rates Payable £3,326.40. Properties with a Rateable Value less than £12,000 are eligible for Small Business Rate Relief. We advise interested parties to contact Horsham District Council Rates Department on 01403 215 100 to verify the above and to enquire as to the entitlement for Small Business Rate Relief.
VIEWING ARRANGEMENTS Whilst the premises may be informally inspected as a customer, we would ask all parties to respect our Client’s strict wishes and that no direct approaches are made to staff members. Arrangements for thorough inspections can be made by appointment with sole selling agents Henry Adams Commercial, 50 Carfax, Horsham RH12 1BP CONTACT Andrew Mark Algar - Head of Commercial Property Telephone Mobile Email
01403 282 519 07868 434 449 [email protected]
ENERGY PERFORMANCE CERTIFICATE An Energy Performance Certificate has been commissioned and will be available shortly Code of Practice on Commercial Leases Please be aware that the Code of Practice on Commercial Leases in England and Wales recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before entering into or signing a business tenancy or lease agreement. The Code is available through professional institutions and trade associations or through the website www.commercialleasecodeew.co.uk Agents Notice – We endeavour to make our particulars as accurate and reliable as possible. They are for guidance only and are intended to give a fair overall summary of the property. They do not form part of any contract or offer and should not be relied upon as a statement or representation of fact. Measurements, areas, plans and distances are approximate only. Photographs and computer generated images show only certain parts and aspects of the property at the time they were taken or created. Neither Henry Adams Horsham LLP nor any of its employees has any authority to make or give any representation or warranty whatsoever in relation to the property. No undertaking is given as to the structural condition of the property or any necessary consents or the operating ability or efficiency of any service system or appliance. Intending purchasers or lessees must satisfy themselves with regard to each of these points. Unless otherwise stated, all prices and rents are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves as to the incidence of VAT in respect of any transaction.
WELL-ESTABLISHED INDIAN RESTAURANT BUSINESS FOR SALE AS A GOING CONCERN BUSTLING TRADING LOCATION FEATURES INCLUDE A FITTED BAR AREA, 32 TABLE COVERS, AIR-CONDITIONING, CCTV, FEATURE LIGHTING, LADIES AND GENTS TOILETS & REAR GARAGE
19 YEAR REMAINING LEASE TERM
ESSENCE OF ASIA, 5 JENGERS MEAD BILLINGSHURST, WEST SUSSEX RH14 9PB Henry Adams (Horsham) LLP 50 Carfax, Horsham, West Sussex RH12 1BP 01403 282519 [email protected] henryadams.co.uk Residential / Commercial / Rural / Development / Auctions Robert Crawford Clarke BSc AGRIC MRICS Howard Ball MNAEA MARLA Consultant: Eddie Jenkinson BA (Hons) MRICS IRRV. Henry Adams (Horsham) LLP is a limited liability partnership which operates under licence and is independently owned. Registered in England and Wales No. OC339620. Registered office 50 Carfax, Horsham RH12 1BP. VAT No. 938 6934 67 Regulated by the RICS (Royal Institution of Chartered Surveyors)
LOCATION Billingshurst is a large thriving village situated at the junction of the A29 and A272, between Horsham and Petworth. Serving a large rural community, the village has a good range of local facilities. The subject property is situated within the village’s principal shopping parade of Jengers Mead, adjacent to the High Street. There is a fast and frequent train service to London Victoria (1 hour 13 minutes) from Billingshurst train station, which is situated 0.7 miles to the immediate south of the property. A location plan and street view can be viewed online through Google Maps and typing in the property’s postcode RH14 9PB. DESCRIPTION A fully fitted and well equipped restaurant / takeaway premises arranged over ground floor, offering 32 covers (NIA 643 sq ft) LEASE TERMS The premises are available by the assignment of an existing 25 year effective full repairing and insuring lease from October 2008. The lease is subject to five yearly rent reviews with the next being scheduled for October 2018. The current passing rent is £16,000 per annum exclusive of rates. A deposit equivalent to three months’ rent will be required together with bank and trade references. CURRENT BUSINESS Essence of Asia has been established since 2008 and it trades as a traditional Indian restaurant / takeaway, serving the village and outlying hamlets. PREMIUM A premium is being sought for the benefit of the lease, goodwill, trade fixtures/fittings including extensive catering equipment. Offers invited. VAT We are advised that the premises are VAT exempt. LEGAL COSTS The Assignee is to contribute a fixed amount of £500 plus VAT towards the Assignor’s professional fees. BUSINESS RATES (2013 | 2014 FINANCIAL YEAR) The current Rateable Value advertised online by the Valuation Office Agency www.voa.gov.uk is £7,200. The Uniform Business Rate for the current financial year is 46.2p in the £ making the Rates Payable £3,326.40. Properties with a Rateable Value less than £12,000 are eligible for Small Business Rate Relief. We advise interested parties to contact Horsham District Council Rates Department on 01403 215 100 to verify the above and to enquire as to the entitlement for Small Business Rate Relief.
VIEWING ARRANGEMENTS Whilst the premises may be informally inspected as a customer, we would ask all parties to respect our Client’s strict wishes and that no direct approaches are made to staff members. Arrangements for thorough inspections can be made by appointment with sole selling agents Henry Adams Commercial, 50 Carfax, Horsham RH12 1BP CONTACT Andrew Mark Algar - Head of Commercial Property Telephone Mobile Email
01403 282 519 07868 434 449 [email protected]
ENERGY PERFORMANCE CERTIFICATE An Energy Performance Certificate has been commissioned and will be available shortly Code of Practice on Commercial Leases Please be aware that the Code of Practice on Commercial Leases in England and Wales recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before entering into or signing a business tenancy or lease agreement. The Code is available through professional institutions and trade associations or through the website www.commercialleasecodeew.co.uk Agents Notice – We endeavour to make our particulars as accurate and reliable as possible. They are for guidance only and are intended to give a fair overall summary of the property. They do not form part of any contract or offer and should not be relied upon as a statement or representation of fact. Measurements, areas, plans and distances are approximate only. Photographs and computer generated images show only certain parts and aspects of the property at the time they were taken or created. Neither Henry Adams Horsham LLP nor any of its employees has any authority to make or give any representation or warranty whatsoever in relation to the property. No undertaking is given as to the structural condition of the property or any necessary consents or the operating ability or efficiency of any service system or appliance. Intending purchasers or lessees must satisfy themselves with regard to each of these points. Unless otherwise stated, all prices and rents are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves as to the incidence of VAT in respect of any transaction.
