Restaurant/cafe for sale in Golden Rice Tandoori, 4 Priory Road, Framwellgate Moor, Durham DH1

Offers over £30,000 (£74.07/sq. ft)
Restaurant/cafe for sale 405 sq. ft*
Interested in this property? Call +44 191 392 0630 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Fully Fitted Indian Takeaway
  • Established by Our Client in 1994 & Genuine Reason For Sale
  • Excellent Opportunity to Increase Opening Hours & Begin Trading Online
  • Excellent Location Close to Arnison Retail Park & within 2 miles of Durham City
  • A5 Hot Food Takeaway Use*
  • Ground Floor Area 37.60 sq m (405 sq ft)
  • Allocated Car Parking
  • New Lease Available at a Rent of £12,000 per annum
  • Leasehold Offers Over £30,000

Property description

Location


Durham City has a catchment approaching 100,000, being situated only one mile from the A1(M) motorway with direct Inter City links to London and Edinburgh. The Castle and Cathedral have been designated a World Heritage site.

The subject property is located on Priory Road, just off Finchale Road in Framwellgate Moor which is within 2 miles to the north of Durham City centre, 4 miles south of Chester le Street and only half a mile to the south of the Arnison Retail Park and Abbeywoods Business Park where the northern relief road allows easy access to the A167.


Business


This business was established by our client in 1994 and has been placed on the market as they wish to retire.

The business is a hot food takeaway with a varied menu comprising Halal, Bangladeshi and Indian Cuisine.

The business offers a collection and delivery service and boasts a 5 and 4.5 star rating on and TripAdvisor respectively (as of October 2017).

This is a fantastic opportunity for an operator to increase trading hours, begin trading online and benefit from the excellent location.


Premises


Internally the premises comprise a fully fitted Indian Takeaway of 37.60 sq m (405 sq ft) including customer seating / waiting area together with kitchen, storage and staff WC facilities to the rear.

Externally the property benefits from private car parking bays to the rear and on street car parking to the front.


Tenure


The property is available by way of a new efri lease for a term of 5 or more years at an annual rent of £12,000.


Asking price


Our client is seeking premium offers in excess of £30,000 for the benefit of all goodwill, fixtures & fittings, stocks and chattels, plant & machinery. A full inventory can be made available prior to completion.


Rating assessment


We understand that the premises have a rateable value of £4,400 effective from 1st April 2017.

It is recommended that any interested party confirm the accuracy of this information and the rates payable with the Local Authority. As a new occupier, rights of appeal may exist against the assessment.

Use*
We have been verbally informed that the property benefits from A5 Hot Food Takeaway consent.


Current trading hours


Tuesday to Sunday - 5pm to 11pm


Financial information


Turnover is confidential. Further financial details are available to seriously interested parties after viewing.


Energy performance


Awaiting EPC rating.


Legal costs


Each party to be responsible for their own costs incurred in this transaction.


VAT


All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Graham S Hall upon this basis and where silent, offers will be deemed net of VAT.


Viewing


For general enquiries and viewing arrangements please contact sole agents Graham S Hall Chartered Surveyors.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Graham S Hall Chartered Surveyors, DH1 on +44 191 392 0630 * (local rate)

Contact Graham S Hall Chartered Surveyors about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Graham S Hall Chartered Surveyors, and do not constitute property particulars. Please contact Graham S Hall Chartered Surveyors for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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