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Property Listing Details

Property details

  • 4 bedrooms
  • 1 bathroom
  • 1 reception room

Features

  • Leasehold
  • Main road intersection location within a large town on edge of Bath
  • Oiro £410,000 Freehold with option to purchase Leasehold at oiro £45,000
  • Turnover in excess of 75k and growing (low due to restricted hours of opening)
  • Ideal 1st business or development potential

Listing view statistics

Last 30 days: 741 page views

Since listed: 9221 page views

Description

Reference - 46409

Description
This is a unique opportunity to acquire a centre of town traditional fish and chip shop, offering a take away service complete with a 4 bedroom owners accommodation, which is fitted out to a good standard, yet maintaining scope to develop and diversify food all in one package. Located in Midsomer Norton, Bath the business enjoys a booming all year passing trade, due to its location upon the main intersection of the main route into Bath.

The business offers its customers a traditional range of freshly cooked fish and chips, chicken, burgers, chilli, kebabs, pies and soft drinks. In addition, the vendors can also offer children’s portions.

The business offers a new owner scope to expand upon the food offerings, as there is a large semi commercial kitchen to the rear.

The business has been established at this location for over 50 years and the current vendor has owned the business for 29 years.

The detached 2 storey property is nicely presented throughout, and the retail area offers an extensive floor area. The property is built out of traditional Sandstone and located next to the main newsagents for the town.

The range is a Haddock Custom made 3 pan and is approximately 30 years old and undertakes an annual service, keeping it in first class condition.Complimenting the range is a large prep room and functional semi commercial kitchen, with the possibility to offer diversity of other food types, Chinese, Indian, Pizzas at a small expense for additional equipment.

Currently the vendors restrict the hours of opening by their own choice and the potential remains to open longer hours.

Although the vendor has a preference to sell freehold, the business could stand alone as the vendors see potential in offering the building and business upon leasehold, with initial rental in the order of £18,000 per annum to suitably qualified people.

This unique business is only being offered to the market due to the owners change in direction and wanting to reti

Accounts
The business’ full accounts will be made available to interested parties upon a viewing.

Figures held for 2016 show a turnover of £74,943 which equates to a weekly income of £1,441.

Building External
The business occupies a detached traditional Sandstone block, with a tiled red roof and is located adjacent to the main intersection of a busy main arterial route into Bath city centre.

There is parking for the owners to the side and rear of the property and clients have a dedicated space which is shared with the newsagents.

Building Internal
The trading areas comprise of a single fronted aluminium entrance into the large take away and waiting area, which comprises of non-slip flooring, tiled walls and a full-length counter area.

To the rear of the counter area is the main Haddock custom built 3 pan range and additional cooking area, offering a griddle and kebab cooking area. This then leads onto the first prep area, with dual sinks, stainless steel prep tables, fridges and freezers.

An additional doorway leads onto the second prep area, containing additional prep and cooking areas. Finally, a doorway leads to a small conservatory type area offering the potato storage and another preparation area. An additional doorway leads into the rear walled area.

The majority of the ground floor is laid out to the business however there is a guest bedroom located upon the ground floor with its own shower room and can be totally separate from the shop itself.

Residential Accommodation
The main residential area is located to the first floor and can be accessed via the shop or directly from the side entrance of the building. Located next to the guest bedroom and bathroom is a staircase leading up to the first floor. Here an additional 3 double bedrooms are located, along with a well-presented kitchen diner area and a separate lounge.

A family bathroom is located along the hallway, comprising; a bath with over bath shower.

Sales
2016 showed a turnover of £74,943.

Staff
The business is run totally by the vendors, with help from 1 staff member, working on a Friday and Saturday only.

Summary
An ideal opportunity to an individual or investor to purchase a well-presented fish and chip shop in a stunning location, offering excellent lifestyle potential and with owner’s accommodation and potential to sub-let.

The vendors are flexible on price and will consider all reasonable offers. Ideal for a first time fish and chips shop owner and the possibility to diversify to a Chinese or Indian takeaway/restaurant exists.

Interest due to the options is expected to be high, therefore, early viewings are recommended to fully appreciate what is on offer here.

Tenure
The shop is available freehold however, there remains a possibility to obtain the business and building leasehold for the correct buyer. If leasehold the vendors would consider a 10-year renewable lease with rentals estimated in the region of £18,000 per year for the full building. This may be of interest to investors purchasing the freehold and sub-letting the apartment, then selling on the business as a going concern leasehold.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Trading Hours
Take Away
Evenings
Monday to Wednesday 17:00 to 21:30
Thursday to Saturday 17:00 to 22:00

Lunches
Tuesday to Saturday 11:45 to 13:45

Sunday Closed

Note that in the busy summer months and during major events nearby, these hours can be extended.

Sunday openings are possible.

You could get

Superfast broadband Superfast broadband

Up to 55 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Oldfield Park 8.2 miles
  • Bath Spa 8.7 miles
  • Longvernal Primary School 0.2 miles
  • Somervale School Specialist Media Arts College 0.2 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Oldfield Park 8.2 miles
  • Bath Spa 8.7 miles
  • Longvernal Primary School 0.2 miles
  • Somervale School Specialist Media Arts College 0.2 miles

Market stats

Sale activity

Average estimated value for a flat in BA3:

  • £145,016
  • Price decrease

  • -£17,047
  • (-10.519%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £134,428
  • Properties sold

    29

Rental opportunities

Looking for an investment? The average rent for a 4 bedroom flat in BA3 is currently:

£1,148 pcm

Recent sales nearby

See all recent sales in BA3
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Estimated running costs

Based on available 3rd party data

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The Agent

Price history

Sold prices provided by Land Registry
5th Jul 2019 £34,999 Price reduced by £5,000
5th Feb 2019 £39,999 Price reduced by £5,001
25th Jul 2018 £45,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Kings Business Transfer. 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 Kings Business Transfer for full details and further information.