well established Lebanese/Grill/Takeaways & Shisha Lounge situated in Middlesbrough

LOCATION:

The unit is centrally located on the busy Borough Road in Middlesbrough. Borough road is a vibrant street with lots of Restaurant & Takeaway businesses which leads straight into the town center to both the Cleveland center and Hill Street Shopping Centre. This is a very good high footfall area, with both Teesside University directly facing as well as Teesside Magistrates Court in front. Middlesbrough is a large town located just off the A66 cross country link road which links west to the A1 motorway. The business benefits from free parking in the adjacent streets

DESCRIPTION:

Prominent double fronted corner unit spread over 2 floors with electric security shutters to both side

Ground floor Consists of an open plan grill area and separate dining area for (approx. 30 customers), Customer toilets, Kitchen, Storeroom, Staff facilities.

First floor, Shish lounge/2nd dining area (further 50 covers), Customer toilets, Storeroom, Outside terrace.

USES:

A3/A4/A5

PREMIUM:

£199,950 Guide price for the benefit of the lease, fixtures, fittings and goodwill

RENTAL:

£12,000 per annum

TERMS:

New 20 years lease

BUSINESS RATES:

Nil. From information obtained from the Valuation Office Agency website www.voa.gov.uk

SIZE:

Approximately 2411 sq ft

OPENING HOURS:

Tuesday - Sunday 11 a.m till 11 p.m & Monday Closed

STAFF:

Owner managed with 3 full time staff and 2 part time staff

UPPER PARTS:

Shisha lounge/2nd dining area (further 50 covers)

TURNOVER:

We are advised that the yearly turnover is approximately £450,000 per annum

ACCOUNTS:

Available on viewing

LEGAL COST:

To be confirmed

LOCAL AUTHORITY:

Middlesbrough Council

ENERGY PERFORMANCE CERTIFICATE:

Energy Performance Asset Rating is 68- C Rating. C copy of this property’s energy performance certificate is available on request.

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

FIXTURE & FITTINGS:

Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition

AGENT NOTE:

London Properties for themselves for Lessors, Vendors and their agents, give notice that:-

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.

2. These details do not constitute any part of an offer or contract.

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.

4. All rent prices, fees and charges are quoted exclusive of VAT

VIEWINGS:

Internal viewings are highly recommended through London Properties by appointment only.