Restaurant and Wine Bar with Live Music Licence in South London For Sale

Situated in a prominent trading position, residential, office and commercial area, close to station, SE LONDON

Price £250,000

Features

Fully Fitted Bar & Tapps Restaurant (not Open)

FORECOURT TO THE FRONT WITH SEATING FOR 16 PEOPLE
LIVE EVENTS LICENCE

DOUBLE FRONTED PREMISES WITH INTERNAL SHUTTERS, sound proofed, Concrete painted floor, suspended ceiling with pendant and LED, fully equipped Bar, EPOS till (on lease £95 per month), Coffee Machine (3 Group) (on lease £160 per month). Tables and chairs providing seating for 40 People.

Open plan kitchen area with stainless steel extractor unit, Cooker, fryer, hot plate, suvi water bath, combi oven we understand the kitchen equipment is subject to a 36 month lease agreement at a cost of £340 per month

Toilet with w.c. and wash hand basin.

Preparation room with storage, sink, dishwasher, glass washer, etc

Outside

Rear yard protential for additiontion seatiing

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a Rail Track granted for 5 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £15,000 p.a. until AUGUST 2025 when the rent increases to £31,000 plus VAT then increasing by £1,250 per year until 2029. In addition we understand there is a Service charge of £220 p.m. approx. plus VAT

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

SALE VIA SHARE TRANSFER

TO INCLUDE THE SHARES, LEASE, FIXTURES & FITTINGS £250,000 including a £18,000 rent deposit held by the landlords
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 125,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote