Renowned Bradford Indian restaurant looking for new owner through Christie & Co
The 3 Singhs, one of Yorkshire’s finest dining restaurants, has been brought to the market through specialist business property adviser, Christie & Co.
Prominently located on the very busy Sticker Lane on the south east side of Bradford, The 3 Singhs is an independently owned Indian restaurant which has been under the same ownership since 2004.
The restaurant occupies a large, freehold site which extends to approximately 1.1 acres, lending itself to possible commercial or residential re-development. Neighbouring businesses include car dealerships, such as Peugeot, JCT, Vauxhall and Volkswagen.
Internally the restaurant has a contemporary feel which is set out in an open plan style, with seating for 120 customers, a bar, a function space to the first floor and a commercial kitchen.
Current owners, Jaj and Gibby Singh have decided to sell The 3 Singhs, having owned and operated the business for the last 15 years, in order to semi retire and to expand their property portfolio. They comment, “Having run The 3 Singhs for so long we have had many great memories here and hosted many special occasions. We have developed a great reputation within West Yorkshire, and we thank our customers and hope they have enjoyed the dining experience with us. The restaurant has the capacity to increase trade even further and we look forward to engaging with prospective purchasers.”
Sam Ashton, Business Agent at Christie & Co, is handling the sale and comments, “We are offering the business by way of either a freehold or leasehold sale. The freehold sale would mean that the buyer pool is more flexible for redevelopment or alternative use. The leasehold opportunity is suitable for an experienced licensed restaurant or pub operator to take over the site and continue as The 3 Singhs, or for a new restaurant brand to be introduced. We are seeking a £250,000 premium for a fully insuring and repairing lease, with a rental of £75,000 per annum on a 10 year term with rent reviews every three years and an optional break clause.”
The 3 Singhs is on the market at a freehold asking price of £995,000 with a leasehold option available.