Commercial Property Set For Redevelopment in the West Midlands

Sutton Coldfield, Birmingham
REF: R06695

Asking Price:
£850,000
Annual Turnover:
£101,952
Annual Net Profit:
£30,809
REF: R06695

Overview

Tenure:
Freehold
Established:
2005
  • Large commercial property
  • Freehold sale
  • Prime location within affluent area
  • Huge scope for growth
  • Best suited to an investor

A lucrative opportunity has emerged for a new buyer to acquire the freehold of a large commercial property in the West Midlands. The premises, which up until recently, operated as an Indian restaurant is set for redevelopment with many different options available.

The property which is based in an affluent area of the West Midlands, could be redeveloped into apartments, a wedding/events hall or is ready to operate as a restaurant as the structure is still in place and the equipment is ready to use. The business is now for sale on a freehold basis.

This is a freehold opportunity for a large property, which has the opportunity for a redevelopment project with bags of potential.

At present, the premises are established as a large 78 cover restaurant; the property is set on 2 floors and benefits from car parking just outside the entrance, along with an additional 10 parking spaces also close by. At the ground floor entrance there is a reception area, with the bar just on the left. It has a large main dining area and another smaller dining area to the rear right. The customer toilets are also at the rear on the right. At the very rear of the premises is the kitchen, which includes a preparation area and the main kitchen behind. On the first floor there are 5 spacious rooms, which are currently utilised for storage.

If wanted to remain a restaurant, the new buyer benefits from all fixtures and fittings.

Intelligent is pleased to bring to the market this lucrative opportunity for an investor to individualise their own outlet and accommodation.

With some minor investment and refurbishment, this large spacious property, has the potential to become an upmarket establishment.

As the premises is already fitted with the appropriate catering equipment, a potential buyer has the opportunity to change the cuisine and theme of the restaurant – offering other popular continental dishes such as, Chinese, Spanish, Mexican or Italian. Implementing an effective and thorough marketing campaign would be highly beneficial in bringing in new customers.

There is also the opportunity to refurbish the premises into a block of modern apartments, which would be sought-after within this prime location.

This business offers an equipped premises and huge growth potential for the right buyer.

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  • Located near busy cities
  • Situated in an affluent area
  • High foot fall
Rent
N/A
Rates
£13,500
Lease Term
N/A
Lease Expiry
N/A
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
£839,000
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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