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Property Listing Details

Property details

  • 3 bedrooms
  • 2 bathrooms
  • 1 reception room

Features

  • Leasehold
  • **offers considered**
  • Wt £3,300, Genuine Growth Potential
  • Prominent Trading Position, Town Centre, Horncastle, Lincolnshir
  • Immaculately Fitted, Superbly Equipped, 3 Bed Accomm, Retirement Sale

Listing view statistics

Last 30 days: 89 page views

Since listed: 2553 page views

Description

Reference - 46746

Accounts
Current records and accounts can be inspected when viewing.

Building External
The imposing end of terrace property, that is grade 2 listed, offers an excellent blend of spacious business and living accommodation.

Building Internal
The spacious tiled sales area is bright and airy creating a welcoming environment. The business is fitted to an exceptionally high standard with a 3 pan gas island range which has been well maintained and serviced annually.

To the rear there is a fully fitted commercial kitchen with a range of modern, valuable catering equipment, preparation area, potato preparation room, utility area and ample toilet and storage facilities. Externally there is an enclosed bin store.

Description
This is an extremely rare opportunity to acquire a first class traditional english fish and chip shop and thriving restaurant with 26 covers which occupies a prominent trading position in the centre of Horncastle in Lincolnshire.

The fish and chip shop is ideally located, fronting a busy market square at the heart of the town surrounded by other independent and high street retailers and ample customer parking in the vicinity. As you would expect, the area is a hive of activity attracting high levels of regular local and passing trade throughout the day.

Having been in present family ownership since 2007 and has traded for over 25 years, this highly renowned business has established a truly enviable reputation for offering the finest fresh cuisine served from immaculately clean premises with a warm, friendly service and the business therefore boasts an extensive and loyal customer base.

The business operates from highly visible and imposing premises which offers an excellent blend of ground floor and lower ground floor business accommodation and first and second floor living accommodation.

The business is fitted to an exceptionally high standard with a comprehensive range of superb quality catering equipment range including a 4 pan gas island which has been well maintained and serviced annually.

The fish and chip shop is a thriving business demonstrating impressive audited profits and therefore offers genuine scope for future growth and improvement. The business represents an ideal investment for an ambitious family unit who can extend the opening times, expand the menu with the opportunity to also introduce a local delivery service.

These enhancements will naturally increase the weekly sales whilst ultimately enhancing overall profitability.

This is an exciting opportunity to acquire a first class business with a bright future which is only now being offered for sale due to retirement. To avoid disappointment, viewing is therefore highly r

Residential Accommodation
The 3 bedroom property comprises a first floor living room, fitted kitchen, office and a W/C. There are three double bedroom located to the second floor and a family bathroom.

Sales
Currently shop sales average £3,300 approximately.

Staff
Managed by the owners with full/part time staff.

Tenure
We are advised that the property is freehold, however the vendor will consider a leasehold sale with the option to buy the freehold after 3years. The lease is a full repairable lease with a weekly rental of £275.

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

Trading Hours
Monday – Friday:
11:30 – 14:00 restaurant until 13:30,16:30 – 20:00 restaurant until 19:00
Saturday: 11:00 – 20:00 restaurant until 19:00

Summary
This is an excellent opportunity to purchase a well known and highly lucrative business with a bright future. Only now being offered for sale due to retirement, viewing is highly recommended to avoid disappointment.

You could get

Fast broadband Fast broadband

Up to 23 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Humberside Airport 27.1 miles
  • Queen Elizabeth's Grammar School, Horncastle 0.3 miles
  • Horncastle Community Primary School 0.3 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Humberside Airport 27.1 miles
  • Queen Elizabeth's Grammar School, Horncastle 0.3 miles
  • Horncastle Community Primary School 0.3 miles

Market stats

Sale activity

Average estimated value for a house in LN9:

  • £139,975
  • Price increase

  • £344
  • (0.246%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £127,631
  • Properties sold

    29

Rental opportunities

Looking for an investment? The average rent for a 3 bedroom house in LN9 is currently:

£598 pcm

Recent sales nearby

See all recent sales in LN9
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Estimated running costs

Based on available 3rd party data

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These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

The Agent

Price history

Sold prices provided by Land Registry
31st Jul 2019 £124,999 Price reduced by £5,000
22nd May 2019 £129,999 Price reduced by £5,001
30th Oct 2018 £135,000 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.