Attractive Restaurant in South London For Sale

Occupying a corner position, excellent main road trading position, residential, office and commercial area, SW London

Price £65,000

Features

Licenced Restaurant (recently Closed)

FORECOURT WITH SEATING FOR 16 PEOPLE

DOUBLE FRONTED PREMISES WITH CANOPY, wood strip floor, suspended ceiling with spot and hanging lighting. Bar. Comfortable capacity for 35 covers. CCTV system (2 cameras, 1 monitor).

Kitchen, stainless steel extractor unit, Gas 6-burner Cooker, pizza oven with conveyor belt (single deck), fridges, freezers.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2017 with reviews every 5 years (next review 2027) at a current rent of £36,000 p.a.

Business Rates from April 2024 £2,150 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, FIXTURES & FITTINGS £65,000
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote