Recently closed modern fish & chip shop with rent income of £12,000 per annum

Key features

• Recently closed, fully fitted & equipped throughout
• Rent to find just £104 a week after flat rental income
• 3 bedroom flat above let at around £12,000 a year
• Two-pan Preston & Thomas range plus full kebab & pizza kit
• Bargain opportunity not to be missed at just £19,950

About this business

Previously staff run, but due to managers health issues the shop recently ceased to trade. Fully fitted & equipped and ready to trade. The let 3 bedroom flat above produces roughly £12,000 a year in rent, bringing the rent to find down to just £104 a week. Ideal purchase for first timer or capable trade builder to take forward. Bargain opportunity not to be missed.

Trading figures

Previously staff operated, but due to managers health issues has forced closure making this an ideal purchase for a newcomer or experienced trade builder.

Trading hours

Presently closed, but was open from 1.30pm to 9.00pm.

Business premises

A modern purpose built chippy that has been thoughtfully laid out for flow. On entry a fully tiled floor runs seamlessly from the customer area through to the rear of the shop. The staff service area is also tiled and finished with a suspended ceiling — clean, efficient, and built around smooth service. Behind the counter sits a spacious kitchen with fully tiled walls and floors, arranged to support a strong workflow, with a dedicated potato preparation area neatly organised alongside it. To the rear an open garden yard provides a storeroom and deliveries access. Overall the premises are well maintained and offer a highly functional efficient layout.

Trade equipment

2 pan Preston & Thomas range with stainless-steel extraction and a steel baffle filter system, kebab machines, pizza oven, 6 pot wet bain-marie, electronic till, electronic menu system, CCTV, large walk-in fridge, upright double-door fridge, fish fridge, a double fridge, three chest freezers and an upright drinks fridge, Bold potato chipper, a peeler, 3 potato bins and a double-drainer stainless-steel sink, with a four-hob gas cooker and microwave oven.

Tenure

Our Client informs us that there is a secure Lease with a current rent of £17,400 per annum which is off set by a rent income of £12,000 per annum from the flat above, making actual rent to find of just £104 weekly.

Accommodation

3 bedroom flat sits above the shop and is currently let, producing rental income of around £12,000 a year. That income brings the effective rent to find on the whole property down to just £104 a week.

Trading position

Ideally situated within busy established parade of local businesses on main road with a bus route running straight into the city centre. The mix of neighbouring traders generates strong daily footfall and a steady flow of potential customers, and a wide paved area directly in front of the parade provides convenient parking offering easy access for customers and deliveries alike.

Special remarks

A modern chippy that has recently ceased to operate due to health issues of the manager and is fully fitted & equipped ready to trade, making this a wonderful opportunity for a newcomer or capable trade builder. Also benefits from the let flat above effectively neutralises most of the rent.