Harris Shields are pleased to offer to the market the Freehold to this detached property, Currently an Indian restaurant held on a lease until October 2024.
The concern comes fitted and equipped, (inventory available on request) with seating for approximately 36 patrons. The property occupies a prominent position, set back from the A165 to Hull at the Barmston turn off, approximately 7 miles south of Bridlington. Briefly the premises consist of a main Restaurant area, Kitchen and Store Room and Ladies and Gents Toilets. There is a large Car Park to the rear plus an enclosed Yard area
There is also an area on the site that is currently used to rent out space for Motor Homes to park up for the night at a cost of £10 per night.
Further to the front of the site is some extra untapped income creating parts of the site.
Whilst the current owner is looking to sell the freehold there may be an option to discuss taking the restaurant on a FRI Lease at a cost of £18,0000 PA.
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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