FOR SALE – WELL ESTABLISHED LEASEHOLD ITALIAN RESTAURANT BUSINESS OCCUPYING PROMINENT VILLAGE CENTRE LOCATION – Confidentially Available

1,710 sq ft (159 sq m)

Location

The property is very prominently located fronting onto High Street at the junction with New Street in the centre of Lees Village in a very well established retail/commercial and residential locality.

The main A669 Lees Road through the village provides good access to the surrounding district, Oldham town centre and the Saddleworth area.

Refer to Location Map below.

Description

The property has been trading as a restaurant for approximately 25 years in total and for the last 10 years or so has been operating as the very well regarded Labella Italian.

The property is a traditional village centre end of terrace building of stone construction under a pitched tile roof and has been extensively fitted out to provide a modern open plan contemporary feel with high quality fittings, decoration and equipment. There are polished timber floors, vaulted roof incorporating Velux windows and exposed timbers, double glazing to front and right hand elevations, quality light  fittings and high standard if decoration.

The Ground Floor is given over to restaurant use at the front and this incorporates a contemporary bar installation and small reception area. To the rear is a fully fitted kitchen and storeroom together with Washroom. The First Floor provides in the main open plan dining accommodation accessed via a centrally installed feature stairwell and to the rear is a small bar and staffroom together with a Washroom.

The property has a 90 seating capacity and has the following opening hours:

Monday closed

Tuesday to Thursday 5pm till 10pm

Friday & Saturday 5pm till 11pm

Sunday 2pm till 9.30pm

The business also has both UberEats and JustEat arrangements.

Externally the property has the benefit of free parking facilities very close by within the village.

Viewing

Please contact the Sole Agents; Haughton Warburton on 0161 839 0080.

The property is still trading and as such we would respectively ask that all enquiries are conducted through our offices. Thank you.

Floor Areas

The property extends to 1,710 sq ft in total made up as follows:

Ground Floor    855 sq ft

First Floor         855 sq ft

Total              1,710 sq ft

The Ground Floor Restaurant area accounts for approximately 600 sq ft with the remainder being kitchen, preparation and storage accommodation.

Services

We understand that all mains services are available. The building is heated by a gas fired central heating system with radiators and the property has full quality feature lighting installations and an intruder alarm

Lease

The property is held on a 7 year lease commencing 27/4/16 till 26/4/23 with the present rent passing being £27,000/annum, exclusive.

The rent is subject to review on 27/4/21.

Further lease details on request.

Sale terms

The business is available For Sale at a consideration of £75,000 plus all equipment (List available), fixtures/fittings and stock at valuation.

Further details on application.

VAT

All rents and prices are quoted exclusive of, but may be liable to VAT at the prevailing rate.

 Information Pack

LABELLA 57-59 HIGH STREET