Tenure:

Leasehold

Full description:

THE BUSINESS

The business which was trades as “The Dancing Lion” is run as a Chinese Restaurant and takeaway. Full details are available of turnover and takings to interested parties.

LEASE

The premises are held on a renewable lease with approximately 10 years remaining. Current passing rental of £20,000 per annum exclusive – with a 5 year rent review pattern

BUSINESS RATES

Rates payable:- 2009 / 2010 £ 5,000 pa approx.

LEGAL COSTS In the normal manner the purchaser will be responsible for the vendors and Landlords reasonable legal costs.

LICENCE / REFERENCE FEE

A non-refundable fee of £350 (three hundred and fifty pounds) inclusive of VAT is payable to Ultimate Connexions in respect of taking up references and preparation of licence.

RESERVATION DEPOSIT

A non refundable deposit of £1000 is payable on acceptance of any offer. The deposit is non refundable in the event that the proposed tenant decides not to proceed with the transaction. The deposit will be payable to Ultimate Connexions Limited and charged as an administration fee of £1,000 inclusive of VAT. In the event that the landlord withdraws from the transaction, the deposit is fully refundable.

VIEWING Strictly by appointment through the agent, Ultimate Connexions Commercial Department, who will be pleased to accompany you over the property. Please call 01582 487900 to arrange a viewing. None of the statements contained in these particulars in respect of these premises are to be relied on as statements of representation of fact and are made without responsibility on the part of Ultimate Connexions and the landlord. None of the appliances in these premises have been tested.