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Successful, Family-Run Indian Restaurant In Lowestoft For Sale

Lowestoft, Suffolk, UK
Freehold Price:
£225,000 Furniture / Fixtures included
Leasehold:
£70,000 Furniture / Fixtures included
Turnover:
Available on request
Net Profit:
Available on request

Freehold - £225,000

Leasehold - £70,000 £2000pa rent

A fantastic and unique opportunity has arisen to acquire one of Lowestoft's most loved and most popular authentic Indian restaurants for lease or freehold.

The restaurant is located on London Road South in Kirkley, just a stone's throw from an award winning beach and a variety of other tourist hotspots. Raja Mahal has been treating locals to a wide range of beautiful and authentic Indian cuisines from this location for over 7 years and due to retirement, the owner is now keen to find a new owner who can either take the business forward and continue the success they have already experienced, or to take on the property and convert it into a new venture.

The restaurant is deceiving spacious and the dining area can accommodate up to 40 diners at any given time. There is a cosy bar area next to the dining room where guests can enjoy a variety of different drinks and a chat with the staff, a large kitchen, prep room and plenty of space for storage. There is also a patio area to the rear of the property so the owners can relax and enjoy a nice break in the sunshine during the restaurant's quieter periods.

The residential accommodation is spacious, well kept and has been modernised over the last few years, There are 2 large double bedrooms, both with en-suites, 1 single bedroom and a large kitchen diner.

Property Description:

Restaurant

Dining Area (3.92m x 6.10m 3.31m x 4.04m)
Door to front aspect, large floor to ceiling double glazed windows to front aspect, wood flooring throughout, 2x Toshiba air conditioning and heating units, variety of wall and ceiling lights, space for up to 40 diners.

Bar Area (4.23m x 7.04m)
Wood flooring, variety of wall and ceiling lights, laminate/wood counter and bar area, various wall mounted shelving units, doors leading to alleyway, kitchen, prep room and WCs.

Alleyway (0.92m x 10.13m)
Concrete flooring, multiple shelving and storage units, gas/electricity meter and fuse box and door to front aspect.

WC 1 (M) (0.99m x 2.73m)
Tiled flooring, tiled walls, white ceramic hand wash basin, white ceramic toilet, hand soap dispenser, Vortice hand dryer, wall mounted mirror.

WC 2 (F) (2.16m x 1.58m)
Tiled flooring, tiled walls, hand rails for disabled access, white ceramic hand wash basin, white ceramic toilet, hand soap dispenser, Vortice hand dryer, wall mounted mirror.

Prep Area (4.23m x 3.80m)
Metal hygenic wall cladding throughout, tiled flooring, space for multiple ovens, fridges, freezers and other kitchen equipment, door leading to kitchen and bar area.

Kitchen (3.15m x 8.12m)
Tiled flooring, tiled walls, variety of ovens, hobs and cookers, multiple shelving units, doors leading to bar area, prep area and storage area.

Storage Area 1 (7.39m x 6.42m)
Tiled flooring, double glazed windows and door to rear aspect, Valiant combi boiler, doors to kitchen and storage area 2.

Storage Area 2 (1.78m x 6.20m)
Tiled flooring and multiple wall mounted shelving units.

Outside
Patio area with surround by brick wall and wooden fencing.

Accommodation

Hallway (2.16m x 8.83m)
Door to front aspect, wood flooring with door to access restaurant, carpeted staircase leading to first floor.

Landing (3.12m x 5.36m)
Split level landing with wood flooring, carpet steps, doors leading to bedrooms 1, 2, 3 kitchen diner and 2x storage cupboards.

Bedroom 1 (3.12 x 4.24m)
Carpet flooring, UPVC double glazed window to side aspect, walk-in wardrobe, doors leading to landing and en-suite 1.

En-suite 1 3.12m x 1.83m)
Laminate flooring, UPVC double glazed window to side aspect, roller blind, white ceramic toilet, white ceramic hand wash basin, mirror wall cabinet, stainless steel heated towel rail, mains fed shower.

Walk-in Wardrobe (1.45m x 1.22m)

Storage 1 (1.05m x 1.32m)
Worcester combi boiler, multiple shelving units.

Storage 2 (1.05m x 1.32m)

Bedroom 2 3.50m x 4.04m)
Carpet flooring, UPVC double glazed window to rear aspect, door leading to landing and en-suite 2

En-suite 2 (1.05m x 2.81m)
Laminate flooring, tiled walls, white ceramic hand wash basin, white ceramic toilet, mirrored wall cabinet, stainless steel heated towel rail, mains fed shower.

Kitchen Diner (4.55m x 4.92m)
Part wood flooring, part carpeted, large bay window to front aspect, second window to front aspect, large stainless steel sink, laminate work surface with storage cupboards above and beneath, Montpellier electric oven, fitted electric hob, white splashback tiles.

For those looking to acquire the leasehold, a full Schedule of Condition will be undertaken prior to any agreement being signed.

For those looking to acquire the freehold, Paul Hubbard Commercial are able to refer clients to our Commercial Mortgage Advisors for a free assessment.

For more information on the property or to arrange a viewing please contact Jack at Paul Hubbard Commercial Ltd.

Property Information

Property:

Available as freehold and leasehold

Lease Terms:

Negotiable

Leasehold Rent:

£2,000 per annum

Living Accommodation:

3 bedrooms with 2 en-suites, large kitchen diner. Well kept, spacious and ideal for running the business below

Location:

London Road South. Lowestoft. A stone's throw from award winning beaches, located on a busy high street with lots of footfall.

Premises Details:

Ground and first floor premises with commercial unit downstairs and residential upstairs.

Size in square feet:
2,930

Business Operation

Reasons for selling:

Retirement

Years established:
8

Other Information

Leasehold asking price:
£70,000 - Furniture / Fixtures included

Contact Paul Hubbard Commercial

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