FREEHOLD RESTAURANT WITH ACCOMODATION AND SEPARATE HOUSE, HERTFORDSHIRE Reference No: E7646J
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Price:
£ 995,000
Description
LOCATION: In a small market town north of London close to the M11 and 20 miles from Stanstead in an excellent unopposed high street position surrounded by many historic Georgian and medieval buildings, this property occupies an enviable position in the heart of the town offering a very rare opportunity.
DESCRIPTION: The double fronted 1,500 sq ft air conditioned restaurant has seating laid out for 70 covers, a bar section, a rear private room, a function room with 15 covers. Ladies and gents wc’s. To the rear is a fully equipped kitchen, a separate stock room, a fridge and freezer store and a small day store. The rear door leads to a car park for 5 cars. The basement was previously used as part of the restaurant with 32 covers but is now used as a stock room. The is also a separate piece of land apart from the car park measuring 24.4x15.4.
BUSINESS: In the same hands since 1983 (over 35 years), the restaurant is run with 11 staff taking £10,000 per week @ 65% to 75% g.p.
EQUIPMENT: Fully equipped with a Polar stainless steel double fridge, 3 chest freezers, an ice machine, a 12 burner cooker, a tandoori oven, a large hot cabinet and 2 medium hot cabinets, a True stainless steel double fridge, a triple and a double bar fridge, a Dexon glass washer, 3 air conditioning units, furniture, etc.
HOURS: Noon to 2.30 pm and 5.30 pm to 11 pm.
ACCOMODATION: Above the restaurant is a 3 bed flat with each room measuring 14.5 x 10.6 and a bath/wc 5 x 7.1. A further 2 rooms are rented out @ £600 pm.
To the rear is also a separate house and garden with a kitchen 12 x 9.1, lounge 11.2 x 15.5, bed1 8.11 x 9.3, bed2 11.1 x 11.9, bath/wc 8.4 x 9.5 bed 2 11.1 x 11.9, a kitchen 12 x 9.1, a lounge 11.2 x 15.5, bathroom with wc 8.4 x 9.5 which is rented to staff @£900 pm but with an open market rent of £1,100 to £1,200 pm.
TENURE: FREEHOLD
VIEWINGS: By appointment only.
NEGOTIATIONS: Strictly through PEGASUS BUSINESS SALES on 020 7935 3939