DURHAM - LEASEHOLD FISH AND CHIP SHOP

LEASEHOLD£150,000 to include fixtures and fittings and goodwill. Stock at valuation in addition. TERMFor a term of 7 years with an option to extend. LANDLORD & TENANT ACT 1954Inside Part II Landlord & Tenant Act 1954. ASSIGNABILITYAssignable subject to Landlord’s consent. DEPOSITThe successful applicant will be required to lodge with the freeholder a deposit equivalent to 3 months’ rent in advance. RENTAnnual rent £30,000, paid monthly in advance. RENT REVIEWSubject to rent reviews every third year of the term. REPAIR LIABILITYPart repairing and insuring lease agreement. This is not a full repairing and insuring lease with the freeholder retaining responsibility for the structure of the building. The lessee will be responsible for internal maintenance, repair and decoration as well as the decorative condition of the exterior of the property. INSURANCEThe Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent. VATPlease note that VAT will not be payable on the Premium and rental payments. No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.

TRADE AREAS GROUND FLOOR: Large and very busy fish and chip shop. The MAIN SHOP PREMISES has nonslip flooring throughout and a large three pan frying range spanning the width of the room as well as two conveyor belt pizza ovens. It provides ample trading space for those collecting their food and gives direct access into an adjacent WALK IN FRIDGE/ FREEZER and the main WET/ PREPARATION ROOM to the rear. The kitchen is comprehensively equipped. Staircase to the first floor STOREROOM, three OFFICE rooms and STAFF WC.