Property Information
Address:
Bennetts Hill - Birmingham - West Midlands
Price: Property no longer available.
Size: SOA
Primary Category: Shop
All Categories:
Leisure, Restaurant, Shop, Cafe,
Property Ref/Movehut: MH610482
Property Ref/Agent: bennetts-hill-birmingham-west-midlands
*Please use the agent ref when calling the agent directly.
Property description
LOCATION
The property is located on Bennetts Hill, a busy commercial street approximately 50 metres from New Street and is surrounded by other popular eating establishments such as Bella Italia, Ask Italian, Wagamama, Bodega, The Indian Streatery and the Cozy Club thus making this area one of the most visited dining areas in Birmingham.
DESCRIPTION
The premises have been substantially modernised and are in immaculate condition. There is a fully fitted, functional and well equipped kitchen and an attractive main bar area. At ground floor level one will find the main restaurant and bar and the basement has a private function room with bar, the kitchen, a staff room and an office together with guest toilets. A full list of the fixtures and fittings can be supplied on request. The total acquisition value of the fixtures and fittings exceeded £180,000 and have been well maintained. The total ?fit out? cost was approximately £130,000. The buyer will have the benefit of the fixtures and fittings, the improvements and the existing goodwill of the business for the purchase price.
ACCOMMODATION
Amantia is a popular and well regarded, niche, Spanish restaurant which has developed a reputation for excellent food and for providing well attended and select Spanish themed evenings with dancing and live music in the function room. The business was established in or about 2014 and turnover has increased year on year with a current projected annual turnover in the region of £605,000. Full accounts can be supplied on request. The property has the benefit of a CCTV security system and a compliant and fully maintained fire alarm system.
The premises fall within Use Class A3 (restaurant use) and have the benefit of a current alcohol licence.
AMENITIES
THE GROUND FLOOR
Restaurant and Bar Area: 17.68m x 11.58m (including dessert prep. area: 3.73m x 2.54m)
Easy Access Toilet
Storage Room: 4.32m x 2.65m
THE BASEMENT LEVEL
Function Room: 13.35m x 5.23m
Kitchen and Washing Area: 12.23m x 5.09m
Dry Store: 5.98m x 5.10m
Plant Room: 4.53m x 3.16m
Gents? Toilet: 4.36m x 1.92m
Ladies? Toilet: 5.34m x 1.94m
Staff Room: 3.84m x 2.45m
Office: 2.44m x 2.44m
TERMS
The current owners occupy pursuant to an underlease dated 10th November 2014 and the immediate landlord is Sainsbury?s Supermarkets Ltd. The term granted by the underlease expires on 21st December 2020 and the new term and rent will be negotiated at that stage. The current rent payable is £65,000 per annum plus VAT. Details of both the headlease and the underlease can be supplied on request.
OUTGOINGS
The Business Rates payable for the 2018 Financial Year were £47,081.50 however reliefs may be available and any buyer of the business must make their own enquiries.
VAT
Unless specified, all monetary sums will be exclusive of VAT where applicable.
LEGAL COSTS
Each party will pay his/her own legal costs
PLANNING
The premises fall within Use Class A3 (restaurant use) and have the benefit of a current alcohol licence.
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