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Newly Refurbished Restaurant Old Trafford For Sale

Manchester, Greater Manchester
Asking Price:
£100,000 Furniture / Fixtures included
Turnover:
Available on request
Net Profit:
Available on request

Beautiful Victorian Building
Close To Old Trafford Football Ground
Ground Floor Only Within Hotel
Fully Equipped For Restaurant Use
Refurbished To High Specification
Significant Investment In Equipment
Seating For 180
Would Suit Variety Of Cuisines
New Lease To Be Negotiated

Ref 6745 – Leasehold Newly Refurbished Restaurant

Blacks Brokers are pleased to bring to the market this exciting restaurant opportunity located within the Trafford Hall Hotel, Old Trafford Manchester. The hotel itself has thirty three rooms over two floors. It was built in 1887 and is a landmark building in the vicinity.

INTRODUCTION

Located in the former building of Trafford Council, The Trafford Hall Hotel is located just a short walk from the Manchester United’s Old Trafford ground and offers a good starting point from which to explore the main attractions of the city. The previous tenant invested heavily in the refurbishment of this business but was unable to open due to other business commitments. This restaurant is ready to open immediately with no additional investment required.

LOCATION

Situated right on the border of Manchester and Trafford, the hotel is ideally located for both the bustling city centre of Manchester and the vibrant Trafford and Salford Quays areas. Manchester United football stadium and the Lancashire County Cricket Club are within a ten minute walk from the hotel which brings in much bar trade from match days and concerts held at the grounds. The Lowry Theatre and shopping centre, the Imperial War Museum, and the Trafford Centre, the Etihad Stadium & Heaton Park are within easy reach. The hotel is conveniently located for transport links, situated on a main road directly off junction seven of the M60. Parking is available immediately outside.

REASON FOR SALE

This opportunity has become available only because the previous tenant invested £1 million refurbishing the restaurant itself and then failed to open the business. The restaurant is a fully equipped and ready to trade proposition finished to an exceptional standard with a ‘no expense spared’ attitude and presents a lucrative opportunity for a new owner or corporate owner to begin trading again in this exquisite location.

LEASE

The lease covers the ground floor restaurant within the hotel and is offered on a 5 year lease with a rent of £120,000 per annum. The new lease will be fully negotiated with our client – it will be an Internal Repair Only (IRO lease) making this an excellent option due to its limited liabilities.

BUILDING LAYOUT AND DESIGN

The Trafford Hall Hotel is an imposing Victorian building with a rich history. The former home of Trafford Council, the hotel boasts an original period staircase and a unique atmosphere with great character.

The restaurant can accommodate 180 covers with its current layout but with a different configuration capacity could be increased. There is a large bar within the restaurant and male and female toilet facilities. The kitchen is fully equipped with high end professional catering equipment and is finished to a very high standard.

STAFF

The restaurant is not currently trading.

FINANCIAL DETAILS

The restaurant is not trading.

BUSINESS RATES

The business currently benefits from small business rates relief. Purchasers should enquire with local authorities as to the rates payable.

SUMMARY

This is an exceptional opportunity to reopen a 180 seated restaurant with the Trafford Hall Hotel. The hotel in which this restaurant is positioned has a good reputation within the City. The building is an imposing Victorian construction which is a landmark building in the area. The restaurant would suit an entrepreneurial team that recognises the opportunity and wants to trade from this exciting premises. The business would see much benefit from meetings and functions that are held within the hotel. Early viewings are advised as an opportunity of this calibre rarely becomes available on the open market.

Property Information

Property:

Leasehold

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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