Restaurant for sale

Station Square, Lowestoft NR32

Fully equipped 60–70 cover restaurant business for sale at £70,000 in a prime position opposite Lowestoft Train Station, with flexible lease terms from 5–21 years at £1,200pcm and spacious six-bedroom accommodation above.

Mohammed's Taste Of India, Lowestoft

Paul Hubbard Commercial are proud to present a fantastic opportunity to take on a highly popular local business in a prime location in Lowestoft.

An excellent opportunity to acquire a fully equipped and well-established restaurant business, prominently positioned within Station Square, directly opposite Lowestoft Train Station and at the southern end of London Road North, one of the town’s busiest commercial locations.

The premises benefit from exceptional levels of passing footfall and vehicle traffic throughout the year from both local residents and visiting tourists.

The ground floor restaurant provides approximately 60–70 covers within a well-presented dining environment and is offered as a business-only sale. The property comes fully fitted with a commercial kitchen and all fixtures and fittings required to continue trading immediately, presenting a genuine turnkey opportunity for an incoming operator.

The business currently trades six days per week offering both lunch and evening service and benefits from established online ordering via JustEat, Deliveroo and Foodhub platforms.

The lease terms are flexible, with a new long-term lease available for up to 21 years, although a shorter term from 5 years upwards may also be considered.

The passing rent is £1,200 per calendar month. The rateable value is £10,250 and, subject to status, there are currently no business rates payable.

Above the restaurant is a substantial six-bedroom residential accommodation arranged over the upper floors, accessed via a separate entrance. The space is currently utilised for staff accommodation but could suit a larger owner-operator family or potentially provide additional income through subletting, subject to lease terms.

All costs relating to the assignment of the existing lease, or the drafting of a new lease are to be covered by the buyer.