House For Sale £285,000
King Street, Glastonbury, BA6

Originally an end terrace house dating from 1890’s with later additions, now comprising ground floor Fish & Chip Shop Takeaway together with attached 3-bedroom dwelling.

Description
Due to retirement, an opportunity has arisen to purchase the freehold of a well-established Fish & Chip Shop takeaway together with attached 3-bedroom dwelling. Well-suited to an owner occupier or potential investment opportunity. The property is alternatively being offered to let on new lease terms.

Retail premises
The Fish and Chip Shop is currently owner occupied. It comprises of the Retail Area with fryers and serving counter, Kitchen, Preparation Room with floor drainage, Storage area and WC. Approximately 56.68m2 (610ft2).

Business
More detailed information about the business will be available following a viewing and at the discretion of the Vendors. This will include financial information together with a list of business assets and inventory etc. The business element is available by separate negotiation and will be subject to a further premium.

The business is currently managed by the Vendors and is staffed by 2 full time, 1 part time and 1 casual worker. There is scope for further business growth, with the owners choosing not to fully re-open following Covid lockdown and currently open Monday – Saturday 5pm to 8pm and Thursday, Friday & Saturday lunch 12 to 2pm. There is an existing online ordering system.


Residential dwelling
The dwelling is accessed via the rear courtyard garden. It comprises of Kitchen, Sitting Room on the ground with Bathroom and 3 Bedrooms on the first floor. Currently holiday let and previously let under AST with a guide rent of £825pcm. . There is potential to re-open an old doorway to create a walkway between the shop and dwelling.

Lease terms
If let, the Fish & Chip shop will be available on a new commercial lease to be agreed. Subject to, FR&I basis. Minimum of 5 year term certain. Rent of £12,500pa, subject to upward only reviews. Until sold, the flat flat will be let on a short-term basis so possession will be possible for any owner occupier purchaser.

Services
We understand that mains water, electricity and drainage are connected. Services and appliances not tested.

Tenure and Council Tax
Freehold. Vacant possession can be available on completion, unless let prior. Alternatively, the property is also being offered to let on new lease terms.

Rateable Value £2,900 / 9A.
Council Tax Band - B
Small Business Rate relief may be applicable.