Fox Street, Ardleigh, Colchester, Essex, CO7

£95,000

Guide price

DESCRIPTION:

Detached Roadside Restaurant (110 covers) with substantial car parking and gardens on a plot of approx. 2 acres. An attractive building (former Public House) in some 2,500 sq.ft. with impressive bespoke feature Bar/Reception and dining space in two areas. Spacious Commercial kitchen and first class WC facilities. Upper parts with 4 bedroom staff accommodation.

Location Ardleigh is a village in Essex, and situated approximately 4 miles northeast from the centre of Colchester and 26 miles northeast from the county town of Chelmsford.

Property A detached former Public House building on a plot of some 2 acres with main car park for 32 and side parking for disabled drivers and staff. Road frontage of 375 feet! Rear yard, Barbecue and smoking areas and formal lawned gardens. Upper parts comprising 4 bedroom staff accommodation.

The Business A fully licenced Indian Restaurant providing 110 covers.

Turnover We are advised that these average some £7,000/£8,000 per week including VAT.

Hours Monday to Saturday 5pm till 11pm. Sunday 1pm till 10pm.

Premises Licence The licence permits the sale of alcohol and music and dancing from Sunday to Thursday 9am till midnight, and Fridays and Saturdays 9am till 1am.

Tenure Leasehold. Granted for 25 years from 31st October 2008, subject to rent reviews every 5th year.

Rent £36,000 per annum plus VAT.

Business Rates The 2017 rateable value is £19,750 resulting in rates payable of approx. £9,875pa.

Legal Fees Each party is to be responsible for their own legal fees.

Arrange viewing 01702 781134

Dedman Gray

103 The Broadway, Thorpe Bay, Essex

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