Restaurant for sale

Subway, Unit 5 Battlefield Road, Shrewsbury, SY1 4AB

01743 534860

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Restaurant

0 bed

0 bath

819 sq ft / 76 sq m

Property description & features

Tenure: Freehold
An opportunity to acquire an established leasehold Subway franchise.
819 sq ft total net internal floor area
Established leasehold subway franchise
Profitable business with potential for further expansion
Located in Battlefield in the sought after town of Shrewsbury close to Tesco Extra
Fully fitted lock up shop unit that is fitted out as a Subway store
Profitable business with potential for further expansion

Description
The business trades from a single storey semi-detached lock up shop unit that is fully fitted out as a Subway store. The property benefits from use of 11 car parking spaces.

The property provides a Total Net Internal Floor Area of approximately 819 ft sq (76.08 m sq) that is arranged as sales area and preparation area associated with its use and a disabled toilet facility. The presentation of the property can only be appreciated by undertaking an inspection.

The property is of traditional portal framework clad in profile sheeting with a glazed shop front.

Location
The property is situated in the established leisure quarter in proximity to Tesco and accessed from Battlefield Road which acts as a major arterial road into Shrewsbury town centre from the north and east. The surrounding occupiers include The Featherbed, Dominos, KFC and the Climbing Hut.

The business is accessed from the main estate road serving the development known as The Cattle Market.

The property is located within easy access of the A5/M54 dual carriageway and is located approximately 1.5 miles from Shrewsbury town centre.

Terms
The property is available to let by way on an assignment of a lease for a term of 20 years from 11th July 2017. The lease is on Full Repairing and Insuring terms at a rent of £13,500 per annum.

There are tenants options to determine the lease on the anniversary in 2027 & 2032 with rent reviews in years 2027 & 2032.

A copy of the lease is available from the selling agents upon request.

Fixtures & Fittings
The property is fully fitted out as a Subway Franchise a detailed inventory is available from the selling agents upon request.

Services
(not tested)

Mains water, electric (including three phase) and water are understood to be connected to the property.

Prospective purchasers of the property should rely on their own enquiries.

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TENURE
The property is available to let by way on an assignment of a lease for a term of 20 years from 11th July 2017. The lease is on Full Repairing and Insuring terms at a rent of £13,500 per annum.

There are tenants options to determine the lease on the anniversary in 2027 & 2032 with rent reviews in years 2027 & 2032.

A copy of the lease is available from the selling agents upon request.

BUSINESS
The property offers the rare opportunity to acquire a Subway franchise that offers a profitable business with further potential. The franchise business was established by the vendors and is only reluctantly offered for sale due to other business commitments. The sale of the business as it is a Subway Franchise will require the consent of Subway Realty to the sale of the business and an assignment of the lease.

Further details are available from the selling agents upon request.

The business is currently run by the proprietors with the assistance of 2 full and 3 part time staff. The hours of opening are currently; Monday to Saturday 8am to 8pm Sunday 8am to 4pm. The business trades as a fully fitted Subway branded store and the business has a current turnover of approximately £312,000 per annum with a good gross and net profit.

Audited accounts relating to the business are available from the selling agents upon request.

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Places of interest

Halls - Commercial Property

Halls Holdings House, Bowmen Way, Battlefield Shrewsbury, Shropshire SY4 3DR

01743 534860

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Halls Commercial provides a range of specialist commercial property services to clients of all sizes across the UK. We have a comprehensive knowledge of our markets developed over many years operating in this sector. Our service is forward thinking, personal and professional, designed to achieve the best results for our clients whatever their requirements. Although we operate nationwide, we retain a particular emphasis on the Midlands. Agency Services Our commercial agency team are on hand to offer friendly advice and market appraisals, helping you buy and sell commercial property throughout Shropshire, Worcestershire, Mid Wales, the West Midlands and beyond. We advise investors and developers on selling and acquiring commercial property, while also assisting with the acquisition of new premises or disposing of unwanted space. From offices and retail to industrial and leisure-based properties, we can guide you through the sale of all types of commercial property. Offering advice at every stage, we will help you find the best route to market and give you advice on how to attract the right buyers. We can also give guidance on development land, whether owner occupied or held as an investment. With strong links to buyers, our skilled and knowledgeable team are on hand to advise from start to finish. This includes guidance on any works required prior to sale, including applications for planning consent, refurbishment programmes and tenant disputes. Management Services Offering a strategic approach, we always have your future needs in mind. Whether you’re an experienced landlord or a one-off investor, we understand that your priority is to increase the value of your investment while minimising void periods and building a strong tenant profile. Working closely with our in-house marketing and PR team, we have a comprehensive tenant vetting process to help minimise your risks. If you’re looking to expand your commercial property portfolio, we will take the time needed to gain a full understanding of your needs and match you with properties suited to your business requirements within your timescales. Professional Property Services Halls Commercial is a team of RICS Registered Valuers with professional indemnity insurance cover of £10 million. As you would expect we are on the valuation panels of most of the major banks including Barclays, Lloyds, Royal Bank of Scotland, HSBC, NatWest, Handelsbanken, and Clydesdale. Our experienced team of valuers operates in accordance with RICS Valuation Standards (Red Book), International Financial Reporting Standards (IFRS) and UK GAAP and alongside the years of experience across our Commercial team, our valuations are backed by the latest valuation and appraisal software.

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