Summary - CATHAY GARDEN, LEICESTER STREET PR9 0HB
1 bed 1 bath Commercial Property
Large leasehold restaurant with fixtures included, ready for immediate operation.
Established Peking & Cantonese restaurant trading successfully
A rare opportunity to buy a long-established Chinese restaurant and leasehold premises in a prominent end-of-Lord-Street position. The sale includes all fixtures and fittings, with a large commercial kitchen and generous dining areas across approximately 2,908 sqft, ready for continued trading or an operator-led rebrand.Off-street parking and excellent mobile and broadband connectivity support a busy trading environment; the property sits within a mixed-use building with residential flats above, helping maintain footfall and passing trade. The layout is practical for hospitality with separate front and rear seating, bar area, storage and staff facilities.The lease has about 34 years remaining. This is a material issue: many mortgage lenders will refuse lending on a short lease, so purchasers should plan purchase funding carefully (cash buyers or specialist commercial lenders). The surrounding area shows higher crime rates and significant deprivation, which can affect staffing, security costs and evening trade; factor these into running projections.Overall the premises suit an experienced operator or investor seeking an immediate, turnkey hospitality business — or a buyer prepared to explore alternative commercial uses subject to lease terms and planning consent.
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