The premises comprising a comfortable established air conditioned courtyard barn style and heated and well fitted authentic balti Indian cuisine restaurant with bar area and 60 covers, inside & over 100 covers outside for functions with large kitchen area and fully fitted with the necessary equipment, ladies and gents WC also there is one bedroom staff accommodation.
Location
The property is located on High Street. Shopping amenities are available locally within Stevenage Town Centre. Public transport links are available at Stevenage Rail Station lying to the south along with a network of local bus services serving the surrounding areas. The property is served by road links including the A602 and the A1 (M) located to the west. Recreational pursuits can be found at Chesfield Downs Golf & Country Club lying to the north and at Knebworth Park located to the south.
Accommodation
Approximately 1,750 sq ft
Terms
USES: A3 & A5 with alcohol license
PREMIUM: £99,999 for the benefit of the lease, fixtures & fittings.
RENTAL: £8,000 per annum
TERMS: The premises are held on a renewable lease for a term of 15 years from 15th January 2008 and are subject to 3 yearly rent reviews.
BUSINESS RATES: We have been advised by the client that the current rates payable are £4,000 per year via small business relief. However, all interested parties are encouraged to make their own enquiries with Borough of Stevenage
OPENING HOURS: Open 7 days a week including Bank holidays Noon -2.30 p.m & 5.30 p.m - Midnight
STAFF: Owner managed with 8 staff and 1 delivery staff
UPPER PARTS: One bedroom flat currently used as staff accommodation.
TURNOVER: Current turnover in the region of £234,000 per annum
STOCK AT VALUE: Approximately £5,000
ACCOUNTS: Available on request
LEGAL COST: Each party is to bear their own legal cost. Freeholders cost to be paid by in-coming tenant
LOCAL AUTHORITY: Stevenage
UTILITIES: All main services are connected.
REFERENCE CHARGE: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord
HOLDING DEPOSIT: A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account