2 bed Flat For Sale £65,000
Staplegrove Road, Taunton TA1

Reference - 47896

Description
Taunton is steeped in history and is the largest town in the south west county of Somerset. It is located between two areas of national beauty, the Quantock and Blackdown Hills, making it a popular tourist location.

The Tropical Hut offers a menu of Filipino and Indonesian cuisine, including a takeaway service. The current annual turnover is £68,000 per annum approximately with plenty of potential to increase with the introduction of a delivery service and extended open hours. As the restaurant is currently closed on Monday and Tuesday and not offering a lunchtime service from Monday to Saturday. There is also the potential to diversify or change the current menu to a different cuisine.

The Tropical Hut can cater for up to 30 covers and comes with a 2-bedroom self-contained owner’s accommodation, on extremely agreeable terms of rent and rates.

Sales
Currently restaurant sales average £68,000 approximately.

Accounts
Current records and accounts can be inspected when viewing.

Trading Hours
Monday – Tuesday Closed
Wednesday – Saturday 18:00 – 22:00
Sunday 09:00 – 15:00

Staff
Managed by the owners with full/part time staff.

Building External
The building is a one storey, single fronted terraced property with a high facia and large bright windows.

Building Internal
Restaurant dining area with up to 30 covers, bar/servery counter, customer toilets, kitchen, food preparation areas and storerooms.

Residential Accommodation
The residential accommodation has not been inspected but we are informed that it comprises of a 2-bedroom self-contained flat.

Tenure
We are advised that the property is held on a 10-year lease which commenced in 2016. The annual rent is £9,000 exclusive (correct as advised on 22/09/20). Rent reviews are at 5 yearly intervals. We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Summary
An ideal opportunity to purchase a profitable leasehold restaurant and takeaway in a prime location close to the town centre of Taunton. Plenty of potential to increase turnover. Includes 2 bedroom self-contained owner’s accommodation on very agreeable terms. Early viewing is strongly recommended.