City Indian Restaurant in Victoria For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, SW LONDON VICTORIA

Turnover £ 15,000
Price £80,000

Features

Indian Restaurant (closed)

DOUBLE FRONTED PREMISES in the region of 500 ft². Carpet tiled floor, suspended ceiling with spotlights. Air conditioning with hot air. Tables and chairs providing seating for 52 persons. BAR, cash register.

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

Basment in the region of 250 ft²

KITCHEN. Stainless steel extractor unit, Tandoori oven, fridge, freezer, 9-burner gas cooker, dumb waiter, preparation table, double sink and drainer.

Staff toilet with w.c. and wash hand basin

Stock room

Turnover

WE ARE INFORMED the turnover WHEN TRADING WAS £15,000/£16,000 p.w.

Accommodation

THE ACCOMMODATION entrance via the restaurant, Double Glazed windows in good condition, comprising:

3 double Bedrooms
Lounge
Bathroom with bath, w.c. and wash hand basin

Tenure

The vendors owns the Freehold and subject to satisfactory references are prepared to grant a new 12 years full repairing and insuring lease at a rent of £55,000 p.a. for the first 4 years with rent reviews every 4 years.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1983 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

**PLEASE NOTE THE PURCHASERS ARE TO BE RESPONSIBLE FOR BOTH PARTIES SOLICITORS COSTS. I.E. BUYERS & VENDORS' SOLICITORS COSTS**

Price

TO INCLUDE THE NEW LEASE, FIXTURES & FITTINGS £80,000, subject to contract
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 40,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote