For Sale

The Phoenix, 6 Market Street, Bangor, Down, BT20 4SP

Offers Around

£10,000

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Business
C 69
EPC Rating

Location of The Phoenix

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description

Location

The subject property is located on Market Street, Bangor at first floor level. Bangor is located approximately 14 miles east of Belfast. Market Street is located just off Main Street, in the town centre. Neighbouring occupiers include Asda, The Zip Yard, Café Taste and Barber Studio

Description

This is a long established Chinese restaurant business for sale, trading for over 20 years as The Phoenix. Available immediately and fully equipped. It is arranged as restaurant with 30+ tables, private function room, fitted working kitchen with delivery area, bar and seating / waiting area.

ACCOMMODATION

Bar/Waiting Area - c.327 sq.ft. (30.4 sq.m.)
Main Restaurant - c.843 sq.ft. (78.3 sq.m.)
Function Room - c.358 sq.ft. (33.3 sq.m.)
plus male and female customer W.C's
Kitchen (in 2 sections) - c.350 sq.ft. (32.5 sq.m.)
Storage - c.273 sq.ft. (25.4 sq.m.)
plus staff W.C.

Total Accommodation - c.2,151 sq.ft. (200 sq.m.) 

OPPORTUNITY
This is an excellent chance for the right person or company looking to invest in a well established and thriving business, offering an immediate walk-in trading opportunity

PRICE
Seeking offers around £10,000 excl. for lease, goodwill, fixtures and fittings

VAT
Price quoted is exclusive of VAT, which may be chargeable

ACCOUNTS
Available to genuine interested parties and once proof of funds established

RENT
Current passing rent £11,650 excl. (£1,165 pm gross)

LEASE
Further details on request. Expires 2023

RATES
NAV - £4,950
Rates payable 2020/21 with 25% SBRR - £1,896

Property Costs

  • Status: For Sale
  • Offers Around£10,000
  • Stamp Duty: £0*

* Stamp duty rates provided as a guide only. Additional charges may apply. Please refer to the tax service's website for more information.

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