For Sale By Auction | 14:00, 19 September 2019

The Spice Tandoori, 2, The Shore, Wick, Highland, KW1 4JX

*Guide | £250,000 (plus fees)

  • Restaurant
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Thu 19/09/2019

Auction Time

14:00

Auction Venue

Radisson Red, 25 Tunnel Street, Glasgow, G3 8HL

Commercial Unit

A wonderful opportunity has arisen to purchase the FREEHOLD of an established Tandoori Restaurant in Wick, Caithness. Situated on The Shore this substantial building is situated just off Wick High Street overlooking the harbour. The premises are arranged over two storey's featuring a first floor 3 bedroom flat and trades well throughout the year. Internally there is an entrance vestibule leading past the L shaped bar into a large open plan dining area, booth seating and traditional restaurant furniture creating the potential for 96 covers. Leading through the main dining area a separate function room area is also available. In addition there is a large well equipped commercial kitchen and storage cellar. Access to the accompanying flat is gained via an internal staircase situated near the kitchen. Towards the left is a large lounge area followed by a WC, kitchen, further WC and three bedrooms. On street parking is available outside the building with a public parking facility located opposite the restaurant. The surrounding area includes ground floor commercial premises and a number of residential dwellings. The Spice tandoori offers a selection of traditional cuisine, chef's speciality dishes and European selections via a main menu, lunch deals and thriving takeaway service. The restaurant is fully licensed and offers a selection of alcoholic and non-alcoholic drinks. Opening hours are 12pm-2pm and 5pm-late 7 days a week. The premises benefits from its position near the High Street and proximity to the centre of the town and as such reaps the full reward of the strong trade and established demand for evening meals in the area. The business trades well all year round with particularly strong custom generated through its takeaway facility.

Tenure

Freehold

Freehold purchase

Well performing restaurant

Excellent location

On north coast 500 route

Well equipped commercial kitchen

All equipment included in sale

Established reputation

Private function room

Turnover approx. £250,000

Area

Wick is the main hub of Caithness providing administrative and community facilities including a general hospital, swimming pool, retail parks and Highland Council offices. The vibrant town centre hosts a diverse selection of traditional and contemporary shops, cafes, bars and restaurants. There are a number of primary schools within the area as well as a secondary school. A number of leisure activities are on offer for all ages varying from walks, history and culture, golfing and boat tours. The surrounding Caithness countryside is spectacular and diverse offering a range of inland and coastal pursuits and plenty of local wildlife. As such the area is extremely popular amongst tourists and those travelling towards the Islands further north. The town is also located on the lucrative NC500 Route. The harbour is a commercial port with an extensive marina complex with a developing leisure boat facility. Situated on the A99-A9, Wick is ideally linked between John O'Groats and Inverness and features rail links to the north and 103 miles south towards Inverness and beyond. Wick airport also offers a number of scheduled UK flights daily. Wick is also located on the North Coast 500 route, Scotland's answer to Route 66. Showcasing the North Highlands stunning scenery, the route is considered one of the top coastal routes in the world which stretches for more than 500 miles features roads in the Black Isle, Caithness, Sutherland and Wester Ross. Since its launch in 2015, this lucrative tourism product has boosted tourism and economic growth across the region with accommodation providers and visitor attractions reporting a substantial increase in trade.

Local Authority

Highland Council

Additional Fees

Administration Charge - Purchasers will be required to pay an auction fee of 1% of the purchase price subject to a minimum of £3,000 inc VAT unless otherwise stated

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.