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LEASE FOR SALE A5 Takeaway in Westbourne

Westbourne, Dorset
Leasehold Price:
£15,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
143816
Reference
009647LH / Rightbiz

Details

DESCRIPTION
Fully equipped as an Indian Takeaway, the premises comprise a waiting area and kitchen at ground floor, with store rooms at basement level. Fixtures, fittings and equipment include a 9 burner gas hob, tandoori oven, fridge and freezer, stainless steel worktops and double bowl/drainer sink unit. (Full inventory to be prepared).
The current rent passing is £25,000 per annum
exclusive and the lease provides for upward only rent reviews every 5 years.
ACCOMMODATION
The accommodation with approximate areas and dimensions is as follows:
Double Fronted Shop
Internal Width: 14'4'' 4.37m (max)
Shop Depth: 39' 11.89m (max)
Net Sales Area: 481 sq ft 45 sq m
Cloakroom with WC
Basement (4 Rooms): 517 sq ft 48 sq m
Walk in Cold Room
Outside: Enclosed small yard
LEASE
The premises are held by way of a 20 year full repairing and insuring lease from March 2012, subject to tenant break clauses at the expiration of the 5th and 15th year of the term (subject to a break penalty of £6,500).
The current rent passing is £18,500 per annum exclusive and the lease provides for upward only rent
reviews every 5 years.
PRICE
£15,000 to include the furnishings, fittings and equipment as per inventory to be provided. Alternatively
our clients may consider selling their lease without the equipment.
RATES
According to the VOA website the assessment for this property is stated as: Shop and Premises, Rateable Value: £15,250.
The Small Business Rate multiplier is 48.4p in the £ (Year ending 31st March 2017)
The Government has doubled Small Business Rate Relief during the period ending 31st March 2017.
Eligible occupiers may benefit from having no Uniform Business Rates to pay during this period. Applicants must check their eligibility and entitlement to any related benefits with the relevant Local Authority.
For more information visit:
https://www.gov.uk/introduction-to-business-rates
FINANCE ACT 1989
Unless otherwise stated, all prices and rents quoted are exclusive of Value Added Tax. Any intending purchaser or lessee must satisfy themselves as to the incidence of VAT in respect of any transaction.
VIEWING
By prior appointment through the sole agents Willis Commercial Limited, through whom all negotiations
must be conducted.
CONTACT
Adam Shepherd - 01202 887555
adam@williscommercial.co.uk
Seller Details
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Listing Details
Leasehold Price: £15,000
Tenure: Leasehold
Sector: Take Aways Businesses
Key Features
  • Price Reduced
  • Central Position in Affluent Village
Particulars / More Information
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The data showed regarding this advert 'LEASE FOR SALE A5 Takeaway in Westbourne - 009647LH / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.