SOLD / WITHDRAWN
14/06/22
457
Indian_Wokingham / Rightbiz
LOCATION: |
|
The Premises are is located in Peach Street in Wokingham & Set within a prime location in central Wokingham, 30 minutes from West London and 10 minutes from Reading. Wokingham station is a short 15-minute walk away and the M4 and M3 are also nearby |
|
|
|
DESCRIPTION: |
|
The restaurant is arranged over the ground floor, offering excellent natural light throughout, with storage room, WC and fully equipped kitchen facilities to the rear |
|
|
|
USES: |
|
Class E & the old A3/A4 |
|
|
|
PREMIUM: |
|
£100,000 Guide price for the benefit of the lease, fixtures, fittings and goodwill |
|
|
|
RENTAL: |
|
£32,000 per annum (plus VAT) |
|
|
|
TERMS: |
|
3 years left - Lease ends: 2036 - Rent review: Every 5th anniversary (2025/2030) - Break: 2025 and 2030 with 6 months’ notice - Inside the 1954 act |
|
|
|
BUSINESS RATES: |
|
The Rateables Value is: £18,750 |
|
|
|
SIZE: |
|
Approximately 871 sq ft |
|
|
|
OPENING HOURS: |
|
7 day a week 5 p.m till 9:30 p.m |
|
|
|
STAFF: |
|
Owner managed with 5 staff |
|
|
|
UPPER PARTS: |
|
Residential accommodation occupies the 1st floor forming a 2/3-bed flat with private rear access |
|
|
|
TURNOVER: |
|
Current turnover in excess of £338,000 per annum |
|
|
|
ACCOUNTS: |
|
Business accounts to be discussed directly with owner on viewing |
|
|
|
LEGAL COST: |
|
To be confirmed |
|
|
|
LOCAL AUTHORITY: |
|
Wokingham Borough Council |
|
|
|
ENERGY PERFORMANCE CERTIFICATE: |
|
Energy Performance Asset Rating is 109 Rating. E copy of this property’s energy performance certificate is available on request |
|
|
|
REFERENCE CHARGE: |
|
London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non-refundable after the references have been taken up, whether they are accepted or not by the Landlord |
|
|
|
HOLDING DEPOSIT: |
|
A holding deposit will be required to secure the property the deposit will buy a period of exclusivity and will be held in the London Properties client account |
|
|
|
AGENT NOTE: |
|
London Properties for themselves for Lessors, Vendors and their agents, give notice that:-
1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.
2. These details do not constitute any part of an offer or contract.
3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.
4. All rent prices, fees and charges are quoted exclusive of VAT |
|
|
|
VIEWINGS: |
|
Through London Properties by appointment only |
|
|
|
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.