Premium - 300,000 Inclusive of all Fixture & Fittings Brockenhurst are proud to offer this rare opportunity to acquire an existing, established (over 11 years) and very well known contemporary bar & restaurant with Karaoke rooms located in Pinner. With huge potential to develop the business further and in addition to the modern sharing menu, offering American style Tapas, with an excellent choice of cocktails. Key features, Information & Potential * Modern fit out* Fully equipped kitchen* Full premises licence* Restaurant use (Class A4)* Covers Total 170 GUESTS (NOT SEATED)* DJ & Dancefloor area* 4 Private Karaoke Rooms* Aircon in main bar & Karaoke rooms* Modern Lighting System * High Quality Seating Arrangements* Interior designed d?cor* Customer toilets* Potential to add a Shisha area subject to any relevant consents* 3 bed flat above of 876 sq ft having potential for additional income of 20,000+ or can be retained for own use* Car park - Up to 20 Cars* Outdoor Seating* Ample storage * CCTV* Alarms* Full AV SystemPremisesGround floor - TOTAL SIZE OF - 1720 sq ftFirst Floor - TOTAL SIZE OF -876 sq ftTenureWe are advised the business is being sold on a Leasehold basis with 11 years remaining on the Lease which can be renewed/extended.Rent, Insurance & Service Charge - 62,000 + VATRates payable - 17,000 P/APremium - 300,000 which majority, if not all, could be recovered in the first year of acquiring this existing, profitable business. Further information will be available on qualifying potential interest.HoursThe business trading hours are as followed: Monday - CLOSEDTuesday to Thursday - 17:00pm - 23:00pmFriday and Saturday - 17:00pm - 01:00amSunday - 17:00pm - 22:00pm Licenced hours:Sunday - Thursday - 12pm to 12amFriday & Saturday - 12pm - 2amVIEWINGS AND ENQUIRIES STRICTLY THROUGH SOLE AGENTS BROCKENHURST.Tenure: Leasehold
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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