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Long Established Italian Restaurant

Charminster, Dorset
Leasehold Price:
£40,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
236822
Reference
010121LHP / Rightbiz

Details

LOCATION

The densely populated and cosmopolitan Bournemouth suburb of Charminster is located approximately 2 miles north of the town centre.

Good local shopping facilities are provided along Charminster Road which also supports a wide variety of restaurants and hot food takeaways together with professional services providers including estate agents, solicitors, accountants etc.

The premises occupy an extremely prominent trading location within this vibrant section of Charminster Road at its junction with Nortoft Road.

DESCRIPTION

Lorenzo’s is a popular licenced Italian Restaurant established by our clients in 1991.

A currently laid out the restaurant accommodates 60 covers. There is considerable scope however to potentially increase this number (subject to all necessary consents) through use of the first floor or with the introduction of al fresco dining on the forecourt or within the walled yard facing onto Nortoft Road.

Also, the bar area as currently configured is very generous and could potentially be reduced in size to increase the number of covers.

The restaurant is fully licenced and benefits from car parking for 2 cars to the front together with an owner’s car parking space to the rear.

ACCOMMODATION

The accommodation with approximate net areas and
dimensions is as follows:

Restaurant

Internal Width: 21’9” max 6.63m (max)

Internal Depth: 43’6” 13.26m

Restaurant Area: c 900 sq ft 83 sq m

With wooden tables and chairs for 60 covers, carpeted floor, burglar alarm, ceiling fans, menu display blackboard. Stairs to first floor.

The restaurant incorporates a spacious bar area with brick front and laminated top, shelving behind, non-slip floor, beer pump (on free loan), electronic cash register, telephone point, glass chiller display, single bowl stainless steel sink unit, coffee machine, two under counter fridges, wine racking & glass fronted wine chiller.

Storage: 35 sq ft 3.25 sq m with freezer, stainless steel work station and shelving.

Staff Cloakroom: with wash hand basin, door into cubicle with low level WC, extraction fan.

Spacious Kitchen: 230 sq ft 21.37 sq m

Comprehensively equipped with gas and electric pizza oven, part stainless steel wall coverings with part tiled wall, 2 stainless steel tables, commercial dishwasher, stainless steel wash up, deep bowl stainless steel sink unit, microwave, shelving, counter freezer, 2 chiller stainless steel fridges, (each comprising double and single fridge), additional stainless steel table, 6 burner gas range with oven under, extensive extraction system above, double deep fat fryer, insectocutor, wall extraction. Door to outside.

First Floor

Storeroom/ Office: 235 sq ft 21.84 sq m with good natural light

Store Room: 126 sq ft 11.71 sq m with Coca Cola equipment (on free loan).

Ladies cloakroom:
2 cubicles with WCs & 2 wash basins

Gents cloakroom:
2 Urinals, 1 cubicle with WC, 2 wash basins.

Lobby:

Fire door with emergency fire escape to rear outside.

Outside

Forecourt: Currently providing two car parking spaces but offering potential for forecourt seating subject to consents.

Walled courtyard: Currently providing gated parking and bin storage but potentially offering outside seating facility subject to consents.

Garage: 104 sq ft (9.67 sq m)

Up & over steel door. Double fridge, single bottle chillerfridge, small freezer, double freezer.

Lock-up Store: (not inspected)

THE BUSINESS

The restaurant currently operates only limited hours thus offering good scope for the new owners to increase turnover through longer opening hours.

TRADING HOURS

Sunday, Monday & Tuesday- closed
Wednesday, Thursday & Friday- lunchtimes andevenings.
Saturday- evenings only.

TRADING PERFORMANCE

Trading figures can be made available to interested parties at an appropriate stage in negotiations.

LEASE TERMS

We are advised that the premises are held on the residue of a 21-year lease from 1st September 2010 with 3 yearly rent reviews and that the current passing is £19,500 per annum, exclusive. We have not had sight of the lease.

PRICE

A premium of £40,000 is sought for the leasehold interest, goodwill, trade fixtures fittings and equipment with stock to be purchased in addition at valuation.

RATES

According to the VOA website the assessment for this property is stated as: Shop and Premises- Rateable Value: £14,000

The Small Business Rate multiplier is 48p in the £ (Year ending 31st March 2019)

Applicants must check their eligibility and entitlement to any 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.

ENERGY PERFORMANCE CERTIFICATE

EPC asset rating = E (score 112)
Full EPC available to view on our website

VIEWING

By prior appointment via the sole agents Willis Commercial Limited through whom all negotiations must be conducted.

CONTACT

Willis Commercial - 01202 887555
enquiries@williscommercial.co.uk

DISCLAIMER

These particulars are believed to be correct but their accuracy is not guaranteed and they do not constitute an offer or contract.

AGENTS NOTE

At no time have we undertaken a structural survey and services have not been tested. Interested parties should satisfy themselves as necessary as to the structural integrity of the premises and condition/working order of services, plant or equipment.

STRICTLY SUBJECT TO CONTRACT. ALL MEASUREMENTS APPROXIMATE.

Seller Details
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Listing Details
Leasehold Price: £40,000
Tenure: Leasehold
Sector: Restaurants, Italian Restaurants
Key Features
  • Established Business
  • Price Further Reduced
  • Retirement Sale
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