Oldbury Rd 4,360 SF Retail Building Smethwick B66 1HX £650,000 (£149.08/SF)
INVESTMENT HIGHLIGHTS
- Iconic Indian Bar and Grill for sale for the first time in 30 years. Owner retiring.
- First floor accommodation with 5 bedrooms
- There are no staff to transfer on completion under the TUPE regulations.
- Public bar (36), large lounge (100), with catering kitchen
- Large rear beer patio with seating for circa 70 customers.
EXECUTIVE SUMMARY
The premises are of part 2 storey part single storey brick construction with pitched pan tiled and flat felted roofs. There is a large surfaced beer patio with part decked area with a shelter and in total seating for circa 70 customers. The site extends to 0.146 acres and floor area is 4360 sf (Source Nimbus Maps).
Desi 2 has traded for many years as a popular Desi Bar and Grill operation. The long standing operator is retiring and there is an opportunity for a new owner to build on the success of the business. Tenure The property is held freehold and will be made available with the benefit of vacant possession.
Desi 2 has traded for many years as a popular Desi Bar and Grill operation. The long standing operator is retiring and there is an opportunity for a new owner to build on the success of the business. Tenure The property is held freehold and will be made available with the benefit of vacant possession.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Building Size
4,360 SF
Year Built
1965
Price
£650,000
Price Per SF
£149.08
Tenancy
Single
Number of Floors
2
Frontage
70 ft on Oldbury Rd
AMENITIES
- Restaurant
- Storage Space
- Smoke Detector
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