Worrall Street, Congleton
Annual Rental Of £35,000

Asking price £130,000 for fixtures and fittings, and goodwill.

A genuine retirement sale of a well respected, profitable Chinese licenced restaurant which has been trading since 1990 by the same family.

It is located on the edge of Congleton Town Centre close to the popular Congleton Park and the newly refurbished leisure centre.

Congleton has grown substantially these last few years with thousands of houses being built.

The property comprises restaurant and managers accommodation above and is very well presented. The ground floor restaurant provides seating for 80 on twenty tables but its capacity is 120 seats. There is parking to the front for 19 vehicles.

The business achieves a good level of turnover and profit without advertising. It provides an excellent opportunity to an enthusiastic owner operator to sustain and increase this highly successful business.



As well as paying the rent, you may also be required to make the following permitted payments.

Permitted Payments
 
Before the tenancy starts (payable to Timothy A Brown 'the Agent')

Holding Deposit (per tenancy) — One week’s rent. Payable to Timothy A Brown 'the Agent'
This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).

Security Deposit (per tenancy. Rent under £50,000 per year) — Five weeks’ rent. Payable to Timothy A Brown 'the Agent'
This covers damages or defaults on the part of the tenant during the tenancy.

During the tenancy (payable to the Agent)

Unpaid Rent
Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.

Lost Key(s) or other Security Device(s)
Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).

Variation of Contract (Tenant’s Request) — £50 (inc. VAT) per agreed variation.
To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.

Change of Sharer (Tenant’s Request) — £50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher.
To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.

Early Termination (Tenant’s Request)
Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.

During the tenancy (payable to the provider) if permitted and applicable
Utilities - gas, electricity, water, drainage
Communications - telephone and broadband
Installation of cable/satellite supplier
Television licence
Council Tax

Other permitted payments
Any other permitted payments, not included above, under the relevant legislation including contractual damages.

Tenant Protection
Timothy A Brown is a member of the RICS Client Money Protection Scheme, which is a client money protection scheme, and is also a member of The Property Ombudsman, which is a redress scheme. You can find out more details on the agent's website or by contacting the agent directly.