Property description

We are proud to offer this fully refurbished business for sale on the main Stratford Road. The business is trading as 'Khan Palace". The premise is offered with all fixtures and fittings and is an excellent opportunity for any prospective client.

Location: This superb opportunity has an ideal and visible location on the main Stratford Road in Birmingham. The premises location also has a diverse selection of retail and commercial style businesses in the area. Business in close proximity enhances the commercial premises on offer as it attracts visitors to the area throughout the year. There are also large amounts of neighbouring residential homes that supply an endless stream of local customers.

Description: The premises have been fully renovated including:

Suspended ceiling
Canopy
Double Grill Machine
Twin fry machines
Cold room 6m x 6m
Microwave
4 Ring Oven
7 Ring Oven
Tandoor
8 Ring Oven
Male & Female W/C
Rear store room
Two floors
Balcony


Current Usage: The premises currently hold an A5 planning consent (currently trading between 12.00pm - 12.00am licence till 02.00am)

OPTION ONE:
Lease: The property is being offered on a 7 years renewable lease.
Rent: £350.00 pw
Lease Premium: £59,950

OPTION TWO: Sub lease
Lease: The property is being offered on a 6 years lease.
Rent: £550.00 per week
Lease Premium: £25,000

Rates: £600 per month

Main Restaurant area - (ground floor): 11m x 8.95m (approx)

First floor area - 10.10m x 14.15m (approx)

Rent Deposit: The in-going tenant will be required to pay a rent and deposit of 3 months in advance.

Costs: The in-going tenant will be responsible for the payment of the landlord's legal costs, building insurance and agent administration fees.

Viewing: For further information and viewing contact:

RH Properties
510 Stratford Road
Sparkhill
Birmingham
B11 4AH

Tel: 0121 772 8488


1. MONEY LAUNDERING REGULATIONS Intending purchaser will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. These particulars do not constitute part or all of an offer or contract.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Potential buyers are advised to recheck the measurements before committing to any expense.
5. R.H. Properties have not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interest to check the working condition of any appliances.
6. R.H. Properties has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.