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Thai House, 51 Princes Avenue, Hull, HU5 3QY

Tenure: Freehold
For Sale £345,000 Leasehold Business for sale
For Rent £30,000 PA
Leasehold Purchase Price £70,000 (ref 4)

This established restaurant boasts a prominent location on the bustling Princes Avenue. With a minimum capacity of 66 diners, a welcoming reception area with a bar, and a spacious upper floor maisonette, the property attracts both regular and passing trade. This versatile space presents a fantastic opportunity for a new restaurant venture, offering the potential to thrive within the established popularity of the area and its existing customer base.

A long, well established restaurant in a prominent position, situated in popular Princes Avenue drawing trade from immediate vicinity and further afield

Regular and passing trade opportunity

Suitable for other similar styles of restaurant operation

Minimum 66 covers, with reception area

Spacious maisonette on upper floor

Along Princes Avenue there is a significant number of restaurants, leisure and retail businesses. The property is prominently positioned and sits at the junction of Welbeck Street with Princes Avenue.

Ground Floor:
Restaurant: 6.91m x 8.27m plus 3.63m x 3.22m, 2.39m x 5.53m. Set out for 46 covers.
Servery
Rear Restaurant: 10.09m x 4.39m. Set out for 20 covers.
Store: 2.42m x 1.27m.
Staff Facilities: WC, wash hand basin in vanity unit.
Rear Hall – Access to Toilets:-
Gents WC
Disabled Persons WC
Ladies WC
Kitchen: 6.25m x 3.29m
Service Hall: Door to side to street.
Kitchen Store: 1.72m x 2.12 m; gas boiler.
Preparation Room: 1.76m x 2.9m
Refrigerator/Freezer: 3.94m x 3.09m
Spirit Cupboard

Rear Ground Floor:
Entrance Lobby: With stairs leading to Living Accommodation.

First Floor: Landing, Kitchen, Bathroom, Landing, Sitting Room/Store, Kitchen no. 2, Single Bedroom, Double Bedroom

Second Floor: Landing, 2 x Double Bedroom, Bathroom

The outlet has in the past operated seven nights per week, but hours have been restricted since Covid. There is of course no reason why any new owners should not trade again seven days a week. Currently trading is from Wednesday through to Sunday, between 5pm and 11pm each evening. Last orders are taken at 9pm.

The business operates by a full time proprietor, who employs a range of staff. There are four full time staff operating in the kitchen, one looking after front of house. In addition there are various part time staff, mainly students and people living in the immediate vicinity. There is a very large Thai community in the area.

Prior to covid the business achieved sales in excess of £10,000 gross per week, and enjoyed high levels of profitability. Sales have declined following covid, but the business continues to re-build its level of sales. It is considered that these should be capable of once again reaching £10,000 gross per week.

Financial information and trading details will be provided to seriously interested parties, following inspection.
The website is included in the sale and enquiries from same are directed to the e.mail address. These will pass to the purchaser.

Tenure: Freehold
For Sale £345,000 Leasehold Business for sale
For Rent £30,000 PA
Leasehold Purchase Price £70,000 (ref 4)

Regular and passing trade opportunity

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