Restaurant Lease for Sale in Orchard Shopping Centre, Didcot OX11

Restaurant Lease for Sale in Orchard Shopping Centre, Didcot OX11

Property ID: RPS-23336

PROPERTY & BUSINESS SNAPSHOT

Type

Fully fitted Restaurant

Location

Orchard Shopping Centre, Didcot, OX11

Lease

Assignment of existing lease expiring April 2040

Rent

£50,000 p.a VAT reviewed every 5 years with next review in 2030

Service Charge

£13,965 p.a VAT (waste collection & building insurance)

Floor area (approx)

2,500 sq. ft

Covers

Circa 120 covers

Rateable value

56,500

Business rates payable

Circa 21,600 per annum

Permitted use

Class E (Restaurant)

Turnover

Approx £8,000 per week

Ancillary

 Extraction system, premises licence and cold room

Premium

£149,000 (Lease and FF&E) 

LEASE & LANDLORD'S REQUIREMENTS

• The opportunity is offered by way of assignment of the existing lease, which expires in April 2040 and benefits from security of tenure under the Landlord and Tenant Act 1954.

The landlord requires:

• Rent deposit, subject to references
• Satisfactory completion of the landlord’s usual referencing and due-diligence procedures.

MAIN HIGHLIGHTS

• Situated on Station Road within the busy Orchard Shopping Centre in Didcot and benefits from strong all-day footfall and excellent accessibility from the main Broadway Road.
• Approx. 2,500 sq. ft. of accommodation arranged over a single level with fully fitted commercial kitchen, fixtures and equipment
• Existing extraction system, premises licence and cold room in place
• Class E permitted use, providing flexibility for restaurant and other qualifying commercial uses, subject to the terms of the lease and any necessary consents
• Suitable for an experienced operator, franchisee, or food business looking for a ready-to-use premises

THE BUSINESS & PREMISES

• Currently operating as a franchise Indian restaurant and we have been informed the business currently generates a gross revenue of circa £8,000 per week
• The restaurant is fully fitted and equipped, with the fit-out and equipment having been installed less than one year ago.
• The business is understood to generate gross revenue of approximately £8,000 per week, based on information supplied by the seller. Prospective purchasers should carry out their own due diligence and verify all trading and financial information.

VIEWINGS & CONFIDENTIALITY

All interested buyers must have proof of funds to meet the premium and landlord’s requirements.

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client.

Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.

DISCLAIMER

The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.