Restaurant

LEASE/BUSINESS FOR SALE

Paul & Sons are pleased to offer this prominently located A3/A5 licenced premises available on a lease purchase, fronting the sought-after location of Stratford Road.

The restaurant is ideally situated within the popular and busy shopping stretch of Sparkhill, with a strong flow of passing by trade giving it a great business scope and potential.

The property is a two-storey brick-built construction, comprising of a broad shop frontage, with seating arrangements on ground and first floor.

The property briefly comprises of takeaway/dining area, cooking, and storage area to ground floor, with restaurant space, balcony area and 2 WC’s on the first floor.

Property is equipped with an extensive and exclusive range of all necessary commercial cooking/food preparation machinery.

An ideal opportunity not to be missed; viewing is highly recommended to be appreciated, strictly through appointment with Paul & Sons.

MEASUREMENTS (all measurements are approximate)

Ground Floor:

Restaurant/Cooking/Serving Area incl. staircase:
1243.97 SQ FT
115.56 SQ M

Kitchen with storage space:
408.98 SQ FT
37.99 SQ M

Cold Room:
21.17 SQ FT
1.96 SQ M

Total Ground Floor Area:
1674.12 SQ FT
155.53 SQ M

First Floor:

Restaurant Space:
1529.87 SQ FT
142.12 SQ M

Balcony:
690.00 SQ FT
64.10 SQ M

Corridor to WC:
27.29 SQ FT
2.53 SQ M

WC - Gents:
42.36 SQ FT
3.93 SQ M

WC – Ladies:
44.82 SQ FT
4.16 SQ M

Total First Floor Area:
2334.34 SQ FT
216.86 SQ M

TOTAL AREA:
4008.46 SQ FT
372.39 SQ M


Tenure
The Agent understands that the property is available on Lease.

Viewing
Strictly by appointment through Paul & Sons:[use Contact Agent Button].

In-Going Costs
The in-going tenant will be responsible for the payment of the landlord's legal costs, building insurance and agent administration fees, and will undergo strict credit checks and referencing.


Lease Price:
Option 1: (Asking Price) £70,000 (incl. Lease, Fixtures & Fittings)
Option 2: (Asking Price) £90,000 (incl. Lease, Fixtures & Fittings & Goodwill/Branding)
Lease Duration: 10 Years remaining on current lease
Rent: £2350 per month


Agents Note:
Measurements taken are approximate and some may be maximum on irregular walls. The Agent has not tested any apparatus, equipment, fittings, or services and so cannot verify they are in working order or fit for their purpose. Neither has the Agent checked the legal documents to verify the () Freehold or the () Lease of the property. The prospective buyer or tenant is advised to obtain the verification from their respective solicitor or surveyor. (*) Whichever is applicable.