Property description

Location:
An excellent corner position restaurant in Preston close to motorways, city centre and on a very busy main road.
Description:
Newly Rendered building providing all security features ( CCTV, Shutters and double glazing), spanning over three floors and taking over a very large corner plot premises.
Internally the ground floor boasts a ray of restaurant features and stunning workmanship. With tiled 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 120 covers. The standard of this business must be seen to appreciate the work that has gone into it.
The first and second floor at present is back to its shell but with the correct ideas could provide expansion within the existing business frame or could be a potential development to create something exciting to complement the existing business.
Outside there is a roof top terrace which again could be used for a business expansion idea.

Fixtures and Fitting included.

Accommodation size:
The property provides the following approximate net internal floor areas:
Ground Floor:
Restaurant / Kitchen 265m²= 2852ft²
Public Toilets 34m²= 365ft²
First Floor:
Restaurant (at the moment shell)163m²= 1754ft²
Public Toilets 37m²= 398ft²
Internal Storage 25m²= 269ft²

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

Equipment:
This business comes with the following equipment which many are bespoke . ( the goodwill does not mean you own this equipment)
Security system, cold room and freezer room, chargrill oven, tandoori oven, bespoke cooker, bespoke bar / counters, fridge, freezer, under counter fridges, clay oven, donna and dough machine, food steamer, epos system, ice cream maker, drinks machines, and much more.
This is truly a grand, updated, modern 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:
Previously used as a RESTAURANT. The premises are considered suitable for a wide variety of uses.
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 £70,000.00
Including all equipment stated.( not purchasing the equiopment)

This restaurant has a Previous Turnover of £15,000-£20,000/week

Rent:
Offer in the region of £1200.00 per week, no VAT and excluding rates, payable in advance by standing order and subject to contract

Rating assessment:
Rates payable for 2014/2015 are 48.2p 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 £37,500
All interested parties are, however, advised to make their own enquires of Preston City Council Rating Department on 0172 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.

Property Features :

• Totally Refurbishment throughout