STAFFORDSHIRE - TOWN CENTRE THAI RESTAURANT
Stone, Staffordshire
Ref: 49788
£525,000
Leasehold
1 / 9
Key Features
Precis
Established Thai restaurant and takeaway in prime town centre location - freehold and leasehold options available
Location
Stone is a market town in Staffordshire 7 miles north of Stafford and 7 miles south of Stoke-on-Trent. The town has a rich history, with the Trent and Mersey Canal shaping the town's development and its local industry. Stone has a reputation for excellent food and drink which is cemented by its monthly farmers’ market and annual autumn food and drink festival; it also has two of the oldest breweries in the country. The property sits in a prime town centre position surrounded by other retail and hospitality outlets. Stone lies off the A34 which links to Stoke-on-Trent and Stafford, and the M6 is accessible via the A51.
This sizeable, end terrace property is full of character and has many original features, including sash windows throughout. It is of brick construction under a pitched tile roof and set over three storeys. It briefly comprises:
This sizeable, end terrace property is full of character and has many original features, including sash windows throughout. It is of brick construction under a pitched tile roof and set over three storeys. It briefly comprises:
Property
TRADE AREAS
Ground Floor
RESTAURANT AREA comprising upper and lower levels which offer seating for 54 in total. Wood flooring throughout, authentic Thai decoration and murals, and dual aspect sash windows. 'L' shaped BAR SERVERY which features back bar shelving and WASH-UP AREA with walk-in fridge. DISABLED TOILET offset. There is a fully equipped TRADE KITCHEN with quarry tiled floors, hood canopy, a good selection of catering equipment and effects, WASH and PREP areas and STOREROOM offset.
First Floor
The first floor is split level and features LADIES' and GENTLEMEN'S TOILETS, STORE CUPBOARD and PANTRY.
There is a second trade area to the first floor with carpeted and laminate flooring, offering seating for approximately 30. BOILER ROOM offset.
ACCOMMODATION
Three DOUBLE BEDROOMS at first floor. Located between the first and second floor is a WC and BATHROOM. At the second floor there are two large rooms. All rooms could be converted to letting rooms subject to the relevant planning permission.
EXTERNAL
Small COURTYARD offset from the kitchen with enclosed STORAGE UNIT.
Ground Floor
RESTAURANT AREA comprising upper and lower levels which offer seating for 54 in total. Wood flooring throughout, authentic Thai decoration and murals, and dual aspect sash windows. 'L' shaped BAR SERVERY which features back bar shelving and WASH-UP AREA with walk-in fridge. DISABLED TOILET offset. There is a fully equipped TRADE KITCHEN with quarry tiled floors, hood canopy, a good selection of catering equipment and effects, WASH and PREP areas and STOREROOM offset.
First Floor
The first floor is split level and features LADIES' and GENTLEMEN'S TOILETS, STORE CUPBOARD and PANTRY.
There is a second trade area to the first floor with carpeted and laminate flooring, offering seating for approximately 30. BOILER ROOM offset.
ACCOMMODATION
Three DOUBLE BEDROOMS at first floor. Located between the first and second floor is a WC and BATHROOM. At the second floor there are two large rooms. All rooms could be converted to letting rooms subject to the relevant planning permission.
EXTERNAL
Small COURTYARD offset from the kitchen with enclosed STORAGE UNIT.
The Business
Thai Lanna is an established restaurant in the heart of Stone which has been operated by our clients since 2007. It has an excellent reputation and boasts great online reviews. The business offers much potential for development via increased marketing of the four generous sized bedrooms, through using the first floor trade space for additional restaurant seating or for private functions and events, and by offering a delivery service on major food delivery platforms such as Just Eat and Uber. Net sales for the year ended 31st March 2024 are £259,647 with an adjusted net profit of £55,919. Full trade accounts can be made available to serious parties following any formal viewing.
Tenure
FREEHOLD £525,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
VAT will apply on the sale of this property and will be levied on the sale price of the freehold at the standard rate on 90% of the purchase price. Purchasers may wish to satisfy themselves with independent professional advice that this VAT may be reclaimed.
LEASEHOLD: £40,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
TERM: Seven years.
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954.
ASSIGNABILITY: Fully assignable.
BOND: A bond equivalent to three months’ rent in advance.
RENT: £24,000 per annum, paid monthly in advance.
RENT REVIEW: Subject to rent reviews every third year of the term.
REPAIR LIABILITY: Full repairing and insuring lease agreement.
TIE: Free of all trade ties.
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent.
VAT: VAT is payable on the rental payments.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
VAT will apply on the sale of this property and will be levied on the sale price of the freehold at the standard rate on 90% of the purchase price. Purchasers may wish to satisfy themselves with independent professional advice that this VAT may be reclaimed.
LEASEHOLD: £40,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
TERM: Seven years.
LANDLORD & TENANT ACT 1954: Inside Part II Landlord & Tenant Act 1954.
ASSIGNABILITY: Fully assignable.
BOND: A bond equivalent to three months’ rent in advance.
RENT: £24,000 per annum, paid monthly in advance.
RENT REVIEW: Subject to rent reviews every third year of the term.
REPAIR LIABILITY: Full repairing and insuring lease agreement.
TIE: Free of all trade ties.
INSURANCE: The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent.
VAT: VAT is payable on the rental payments.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Licence
A full Premises Licence is held for the retail of alcohol.
Stafford Council Licence No: 239/068317
Monday - Saturday: 11:00 - 00:00
Sunday: 12:00 - 23:00
Current opening hours:
Sunday, Monday: Closed
Tuesday to Thursday: 18:00 - 23:00
Friday & Saturday: 12:00 - 14:30/18:00 - 23:00
Stafford Council Licence No: 239/068317
Monday - Saturday: 11:00 - 00:00
Sunday: 12:00 - 23:00
Current opening hours:
Sunday, Monday: Closed
Tuesday to Thursday: 18:00 - 23:00
Friday & Saturday: 12:00 - 14:30/18:00 - 23:00
Services
All mains services are connected.
Local Authority: Stafford Borough Council, Civic Centre, Riverside, Stafford ST16 3AQ
(01785 619000)
Rateable Value as at 01 April 2023 to present: £15,500
Local Authority: Stafford Borough Council, Civic Centre, Riverside, Stafford ST16 3AQ
(01785 619000)
Rateable Value as at 01 April 2023 to present: £15,500
Enquire about this listing
Dean McVay
North West
