Restaurant/cafe for sale in Bridge Street, Wisbech PE13

Pub & Restaurant with Shisha Lounge for Sale in Wisbech. 2 Separate Flats

Main features

2 Separate Flats Included (2-Bed & 3-Bed Flat)
Large Restaurant with Outdoor Space for Shisha
Circa 2,563 Sq. Ft
Fully Equipped Commercial Kitchen
Premises Licence in Place
Car Parking Space Available for 80 Cars

Lease details

Lease Ending: August 2027
Option of New Lease
Rent Review : Every 5 Years
Rent: 19,200 pax (£1,600/month)
Premium: £100,000 (Goodwill, ff&E, Lease) + sav

The premises

Large Restaurant, Pub & Shisha Lounge
Restaurant Covers: Circa 60
Pub Covers: Circa 40
Shisha Lounge: Circa 60
Fully Equipped Commercial Kitchen
Payable Business Rates: Circa £7,110/annum (Rateable Value: £14,250)
Premises Licence in Place
Current Permitted Hours : 11am -1 am

The flat

2 Separate Flats
2 Bed-Flat: Rental income of £650 pcm
3-bed Flat: Rental income £1,100 pcm

The location

Wisbech, PE13

Trading & financials

Gross Sales Revenue: We have been informed that this takeaway business generates gross revenue of circa £400,000 per annum (7,000 to 8,000/week).
Currently Closed

Viewings & confidentiality

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.

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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.