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Property Listing Details

Restaurant/cafe for sale

Bridge Mews, Bridge Street, Godalming GU7

£30,000

Description

Ref 5819 – Leasehold Closed Indian Restaurant
Blacks Brokers are proud to bring to the market this leasehold closed Indian restaurant located in the much sought-after area of Godalming, Surrey.
Introduction

Closed Indian Restaurant Thani Moon traded on Bridge Street in Godalming between 1997 and 2017. During that time, it firmly established itself within the local community. The business had a large and loyal customer base and a reputation second to none offering a relaxed and indulgent Indian dining experience.
Location

Located in Bridge Street in the centre of Godalming in Surrey, within the Surrey Hills which is an Area of Outstanding Beauty. This area is well linked with the A3 and A31, and is popular with other businesses and shops in addition to having a good residential population.
Reason for sale

The business will be closed upon sale and is only being offered for sale due to retirement.
Lease

The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The new 25-year lease will begin upon completion of the business sale at a cost of £55,000 including the accommodation on the first floor of the building available at a cost of £50,000 rent per annum. The retail side of the building is available without the accommodation for an asking price of £30,000 and an annual rent of £35,000. However, there is also the possibility of a commercial property opportunity.
Building layout and design

The business was housed within a large, two storey, double fronted unit within a busy and popular parade of other shops and businesses. The business was very well branded with excellent signage on display to the front and frosted design windows. Inside, the ground floor of the building comprises of the main restaurant which offers seating for up to 50. There was a separate, well presented bar area in addition to professional and well-equipped kitchens and customer toilets. The ground floor area is approximately 885 square feet. On the first floor are two, self-contained, one bedroomed flats which are currently unoccupied. This area could be used for office space and staff accommodation or sub-let if preferred.
Staff

The business will be closed upon sale leaving no staff in employment. This was previously run by family.
Financial details

The business generated an annual turnover of £115,000 during opening on a consistent basis. Rates payable for this property are £10,000 per annum.
Summary

Fully furnished and equipped A3 licensed restaurant ideally located in the town centre of Godalming in Surrey with two separate, one-bedroom flats above. The restaurant has been offering an Indian menu but would easily suit a change of cuisine or be converted into a Coffee Lounge. Early viewings are strongly advised. Business: £30,000.

Please quote ref: 5819

Floorplan

No floorplan available

Contact the agent

Map

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Moss Lane School 0.2 miles
  • Godalming Junior School 0.4 miles
  • Godalming 0.4 miles
  • Farncombe 0.8 miles

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Property descriptions and related information displayed on this page are marketing materials provided by Blacks Business Brokers. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information.