Property description

Jonathon Lewis are delighted to offer for sale this busy and well equipped fish and chip shop. This is an excellent and rare opportunity to purchase a well established family run business, with a fantastic weekly turnover. Located in the heart of a densely populated residential area in Sunderland and providing excellent levels of captive trade. Viewing comes highly recommended!

Description
This is an established business which has been in our clients family ownership for a number of years. The business has been placed on the market as our client now wishes to concentrate on their property portfolio. The business currently trades as a traditional fish and chip shop but would also be suitable for use in other cuisines. The unit is currently fully fitted and equipped for the trade with excellent weekly takings averaging £2,500 to £3,500. The unit forms part of a very busy shopping parade located in the heart of a densely populated residential area providing excellent levels of captive trade.

Accommodation
Comprises a two storey end terraced premises with ground floor retail unit and 2 berdoom first floor flat. Ground Floor: Total Floor area approx. 74 m2 (800 ft2) Shop Unit with 3 pan gas range fryer, menu board, extraction system, pizza oven, kebab machine, bain marie and electric roller shutters. Rear Prep Room. Rear Storage area and separate W.C

Fixtures & Fittings
The business is fully fitted and equipped for the trade. A full inventory can be made available to a bona fide purchaser.

Tenure
The property is Leasehold and offers are sought in the region of £99,950. We have been advised that the premises are held by way of a local authority lease for a term of 20 years from 2013 with a passing rent of £6900 per annum which includes the flat above. The flat currently produces a rental income of £5,700 per annum.

Asking Price
The goodwill, fixtures, fittings, and assingnment of the lease are sought at offers in the region of£99,950 plus any associated fees.

VAT
All the figures quoted exclude VAT where chargeable.

Rates Payable
We have been verbally informed that the premises are assessed as follows: Rateable Value: £1,950 Interested parties should contact the Local Rating Authority to determine the precise rates payable. Incentives may apply.

Legal Costs
The in-going buyer is to be responsible for all reasonable costs incurred in connection with this legal transaction.

Energy Performance
EPC rating is: D The certificate is available upon request.

Staff
Currently operated by the owners with the help of other members of staff.

Business Opening Hours
Monday - Saturday 11:30am - 1:30pm 5:00pm - 9:30pm Sunday - 6:00pm - 9:30pm

Disclaimer
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Lessee to ensure that they are in working order. Any areas, measurements and distances given are approximate only.

Important Information
VIEWING: STRICTLY BY APPOINTMENT ONLY To arrange an appointment to view this property contact our Seaham branch on 0191 5816652. Opening Hours Monday to Friday 9.00am - 5.30pm Saturday 9.00am - 2.00pm IMPORTANT NOTE The premises are offered subject to contract, availability and confirmation of details. The particulars do not form part of any contract and whilst believed to be correct, no responsibility can be accepted for any inaccuracies or errors. No other statements contained in the particulars are to be relied upon as a statement of fact and are a general outline only for the guidance of intending purchasers or tenants, and should be verified by you on inspection or by your solicitor as to the correctness of these statements. The photographs show only parts of the property as they appeared at the time taken. You should not rely on statements by Jonathon Lewis Ltd in the particulars or by word of mouth or in writing as being factually accurate about the property/business, its condition or its value. The vendor(s) or lessor(s) do not make or give Jonathon Lewis Ltd (nor their joint agents) nor any person in their employment any authority to make or give any representation or warranty whatsoever in relation to this property. Unless otherwise stated, all prices and rentals quoted are exclusive of Value Added Tax to which they may be subjectSTAND OUT FROM THE CROWD ! If you are thinking of moving home or currently have your property on the market with another Estate Agent and feel you are not receiving the results they promised, we would be delighted to hear from you. One of our expert valuers will carry out a free no obligation valuation of your property and give you specialist marketing advice. DON‘T JUST TAKE OUR WORD FOR IT... "Carol and I would like to thank you all for your very professional and efficient service during the sale of our property. Your recommendations were most realistic and clearly stated, jargon free and to the point. We both felt very comfortable dealing with you all and felt quite certain that you knew your business, area and clientele well. Each time we visited the Office we were sure of a warm and courteous welcome. We would have no hesitation in recommending you to family and friends. Thank you once again." Mr and Mrs A, Seaham

Property Features :

• Fantastic Leasehold Business Opportunity
• Great Location Within Densely Populated Area With Plenty Of Captive Trade
• 2 Bedroom Flat Included, Currently Rented And Yielding £5,700 per annum
• Excellent Turnover Circa £2,500 To £3,500 Per Week with Scope To Increase
• Well Known And Long Established Taditional Fish & Chip Shop Business