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Han & Taste Social, 29-31 St Marys Road, Market Harborough, Leicestershire, LE16 7DS

£160,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

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SECTOR

Restaurant for sale

Key features

  • A freehold dual restaurant and residential
  • Corner frontage, Over 130 combined covers
  • Ground and first floor restaurant
  • Well established business for over 29 years
  • New Lease terms to be agreed, Rent £45,000 pa
  • Potential to increase capacity. Energy rating C
  • Christie & Co Ref: 5760506

Description

Description

This freehold building is well positioned on a corner frontage in this busy and popular town centre. There are two separate entrances to the two restaurants with Han offering an elegant reception area with a seating for pre dining drinks and stairs leading to the first floor Dining Hall. Taste by contrast offers a modern feel within an open plan setting area. The ground floor also includes a bar servery, a good-sized commercial kitchen, customer toilets and lots of storage.
The first floor is dominated by Han’s dining hall which is brightly lit by the large windows and high ceilings. The space also includes additional customer toilets, an additional separate bar and a large amount of storage.
The residential aspect of the building is located over 2 floors and to the rear. It includes 5 bedrooms and brings in a generous additional income and has its own separate access. The 5 bedrooms could be converted into 2 one-bedroom apartments (subject to the required permissions) and this would have a projected a rental of £14,400 per annum with a forecasted selling price of £320,000.

Location

Han & Taste Social is positioned in the town of Market Harborough which is a well serviced and visited small town in Leicestershire. The local population is circa 25k it is well positioned for Leicester, Lutterworth, Corby, Rothwell and Kettering.

Fixtures & Fittings

These are to be included within the sale.

The Opportunity

Han & Taste Social is a dual Chinese Restaurant located in the heart of Market Harborough. They are the only two Chinese Restaurants in the town and within a 10 mile radius. They offer contrasting styles of a dining experience, both offer a high standard of cuisine and service. These form part of a substantial freehold building which also incorporates a residential HMO element to the upper floors and rear. Both restaurants are serviced via a generously sized and well-equipped commercial kitchen, both well-presented and decorated throughout. In total the venue includes 130 covers with the potential for an additional 20 covers and the site is further enhanced by the residential income to the upper floors.

Trading Information

Our client has report that the latest turnover from December 2022 to May 2023 is £381,442 for both businesses and the accommodation. This would equate to over £750,000 annually.

Trading Hours

Monday - Closed
Tuesday to Friday 12pm to 2pm and 5.30pm to 10.30pm
Saturday 12.30pm to 2.30pm and 5.30pm to 10.30pm
Sunday 12.30pm to 3pm and 5.30pm to 10pm

Tenure

We are seeking a Freehold Sale. Leasehold will be considered.

Business Rates

The combined rateable rates are value £24,250 from 1st April 2023. Due to the vendors circumstance they currently pay zero. Please refer to for further details on business rates relief.

Regulatory

The Premises is fully licenced.

Energy Performance Certificates

EPC 1

Brochures

Han & Taste Social, 29-31 St Marys Road, Market Harborough, Leicestershire, LE16 7DS

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Market Harborough Station0.4 miles

About Christie & Co, Pubs & Restaurants

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Christie & Co, Pubs & Restaurants

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Notes

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Disclaimer - Property reference 5760506-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Pubs & Restaurants. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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