Restaurant for sale

Brinsea Road, Congresbury BS49

Freehold £345,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.

Or, alternatively:

Leasehold: £195,000 to include goodwill, fixtures and fittings. Stock at valuation in addition
term: 20 years
landlord & tenant act 1954: Inside Part II Landlord & Tenant Act 1954
assignability: Fully assignable subject to Landlord’s consent
bond: A bond equivalent to 3 month’s rent in advance, plus personal guarantors if the lease is taken as a Limited Company.
Rent: £20,800 per annum, paid weekly in advance
rent review: Subject to rent reviews every fourth year of the term
repair liability: Full repairing and insuring lease agreement
tie: Free of all trade ties
insurance: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent
VAT: VAT will be payable on the Premium and rental payments.