Property Details

 
OIRO £85,000
Ozmi Restaurant
     
    This concern has established a strong reputation with the local community and has become a popular destination for diners. The premises itself is sited on a prime corner trading position, with the Halliwell Jones Stadium literally on its doorstep. There is a number of shopping complexes within walking distance meaning that there is a high foot fall of passing trade with thousands of passers-by daily.

    The restaurant area is set across the ground floor from the main street position. Internally the restaurant has been fitted to a high standard with a mixture of booth seating and chairs. The décor is both contemporary with a traditional feel giving customers the ultimate dining experience.
    This restaurant provides up to 80 covers comfortably and is fully equipped with an impressive bar and a commercial kitchen, housing an excellent range of quality catering equipment and an extraction system.

    This highly profitable business operates mainly in the evenings and boasts an enviable turnover. The restaurant is mainly run by staff with the current owner single-handedly overlooking the daily operation of this business as well as many of his other concerns.

    Undoubtedly this business is missing out on the much lucrative day trade being located in such a prominent high street position. Despite this, the current owners have maintained a highly profitable and sustainable business without any form of advertisement or addition to their traditional menu for many years.

    This business would suit an ambitious and energetic person with new and innovative ideas to accommodate the ever changing palate. In the right hands, this premises would suit a range of cuisines.

    With so much potential for growth this business is not to be missed and therefore early viewing is highly recommended.

    The premises will be held on a secure lease with sensible rent.

    The unit has planning consent for A3 uses.

    The commercial premises measures approximately 1913 square feet with 850 square feet of retail area, 264 square feet of kitchen area, 515 square feet of storage area plus ladies and gents WC facilities.

    NIA commercial area: 2216.91 (205.95 sq m)
    EPC rating commercial: C

    (All measurements have been taken compliant to the RICS code of measuring practice. These measurements have been taken in metric and converted to the nearest imperial equivalent)


    First Floor:

    Restaurant area 1 (Retail Area): 1197.59 sq ft (111.26 sq m)

    Kitchen: 609 sq ft (56.64 sq m)

    Second Floor:

    2 storage rooms totaling: 138.53 sq ft (12.87 sq m)

    Gents and Ladies toilet : 130.99 sq ft (12.16 sq m)

    Other storage: 140.8 sq ft (13.09 sq m)


    Rental/Price
    Rental - £23,000 per annum
    Business price – OIRO of £85,000 .

    OUTGOINGS

    We have been informed by the current owners that the demised premises attracts 100 percent business rate relief.

    Further enquiries should be made with the business rates team to confirm the rateable value and actual rates payable. The current rateable value can be confirmed with the local authority (small business rates relief apply for properties with a rateable value less than £15,000).

    You won’t pay business rates on a property with a rateable value of £12,000 or less.
    For properties with a rateable value of £12,001 to £15,000, the rate of relief will go down gradually from 100% to 0%.


    Terms:

    The premises has approximately 18 years remaining on its current lease term.

    VAT:

    The prices and/or rentals quoted are exclusive of VAT (if applicable)

    Legal Fees:
    Prospective Tenant is to be responsible for their own legal costs as well as the Landlord’s.

    Viewing by arrangement with the sole agents:- Maya Property Services

    PARKING NOTES

    There are a number of car parks within close proximity of the premises and on street parking (pay and display) is available to the front.

    SERVICES

    We have been advised that all mains services are connected.

    ADDITIONAL INFORMATION

    We endeavour to make our sales and lettings particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems, and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.


    Map


    Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked.
     
     
     

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