Property Available in Newton Stewart

Riverbank Restaurant and Retail Premises, Goods Lane   Newton Stewart  DG8 6EH

Revised Price

Description:
Prosperous restaurant in prime trading location close to the town centre and adjacent to the main car park in the town. The property is on two floors with a self contained retail outlet on the ground floor which is presently subject to a five year lease providing a useful income. The first floor restaurant has covers for 50 with a modern and well equipped kitchen and has an unmarketed reputation for serving fresh quality foods. There is genuine scope to improve current trade with longer opening hours and promotion of the business. This opportunity would suit experienced and new operators and there is a two bedroom house adjacent to the business premises available by separate negotiation.

Newton Stewart is situated in the heart of Dumfries & Galloway, on the edge of the Galloway Forest Park. The town is large enough to generate excellent trade and this is boasted throughout the year by visitors to the area.

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Accommodation:
Prosperous restaurant in prime trading location close to the town centre and adjacent to the main car park in the town. The property is on two floors with a self contained retail outlet on the ground floor which is presently subject to a five year lease providing a useful income.

Particulars:
RESTAURANT
Light and airy split level dining area with windows to the south, east and west providing plenty of natural light. The restaurant provides seating for up to 50, is well equipped and is open from 10am to 4pm Monday to Saturday inclusive.

KITCHEN
Spacious kitchen providing generous preparation area and well equipped with appliances, most of which are approximately one year old.

RETAIL OUTLET
On the ground floor is a self contained retail outlet presently trading as an upmarket hairdressing salon. The outlet is presently subject to a 5 year lease and is equally well suited for a variety of uses.

TURNOVER
Approximately £145,000 per annum.

STAFF
The owner runs the business with the help of part time staff.

ACCOUNTS
Trading Accounts will be made available to genuinely interested parties through their Accountant or Solicitors only.

Services:
Mains supplies of water, gas and electricity. The property is connected to the mains drainage system.

Council Tax:

Viewing:
By arrangement with the Selling Agents.

Offers:
Offers in the region of £230,000.

Other Properties in the £230,000 range (Plus or Minus 10%)