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For Sale

Koi Restaurant, 10-12 Shore Road, Holywood, Down, BT18 0HX

Offers in the region of

£250,000

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Business

Location of Koi Restaurant

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features

  • Established Successful Business

comprises

Restaurant
964 sq.ft. (89.6 sq.m.)
Kitchen / Prep
630 sq.ft. (58.6 sq.m.)
Office / Store
62 sq.ft. (5.7 sq.m.)

description

This well established ground floor restaurant of Chinese/Asian cuisine is ideally located in Holywood town centre beside plentiful on street parking and almost directly opposite the Maypole Bar.

The property is well fitted throughout with some 70 covers and an exceptionally spacious and superbly appointed kitchen.

The business has been excellently run by the current owners, who due to their diligence have seen turnover, on both carryout and delivery service, increase every year.

SIZE
Restaurant 964 sq.ft. (89.6 sq.m.)
Kitchen / Prep 630 sq.ft. (58.6 sq.m.)
Office / Store 62 sq.ft. (5.7 sq.m.)
Ladies and Gents W.C.'s
Staff W.C.

RENT £23,500 per annum

Goodwill / Fixtures / Fittings Offers in the region of £250,000

VAT
We are advised that VAT is not applicable to the above

LEASE
Property to be let on lease to successful purchaser of the business on the following basis:

Term - 10 years
Review - 5 years
Repair - Tenant responsible for internal repair and shopfront
Other - Tenant responsible for payment of rates and a service charge in respect of proportionate costs of buildings insurance, exterior repair/decoration and agent management fees.

ACCOUNTS
Turnover in excess of £300,000. Accounts available strictly to only genuinely interested parties by application through their accountant/solicitor to Terry Nesbitt, Springmount Financial 028 9752 0895

RATES
NAV £15,850.00
Rates payable 2018/19 £8,834.36

 

 

 

Property Costs

  • Status: For Sale
  • Offers in the region of£250,000
  • Stamp Duty: £0*

* Stamp duty rates provided as a guide only. Additional charges may apply. Please refer here for more information.

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Contact Agent

Templeton Robinson (Commercial)
54 High Street

Other costs to budget for

Wilson Nesbitt Solicitors

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