Italian Restaurant in Surrey For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, Surrey.

Price £69,500

Features

Licenced Italian Restaurant (closed)

FORECOURT WITH SEATING (subject to licence)
Newly Fitted 2024 to a high Standard
DOUBLE FRONTED PREMISES in the region of 675 ft² with laminated strip floor, ceiling with spot lights and hanging lighting, Air conditioning with hot air. Bar, Coffee Machine (2 Group), Top of range Stone Based Pizza Oven, Tables and chairs providing seating for 45 People.

Kitchen with stainless steel extractor unit, 60mm Gas Supply, Cooker (Gas 6-burner), pasta boiler, hot plate, griddle, deep fryer (2 pan), freezer, 2 fridges, stainless stee preparation table.

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

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £2,000 per month. The accommodation comprises:

2 Bedrooms (1 double, 1 Single).
Lounge (used as bedroom)
Kitchen.
Bathroom with Show, w.c. and wash hand basin.

Outside

Garage (used for storage)
Parking space for 1/2 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2018 with reviews every 3 years (next review 2025) at a current rent of £30,400 p.a.

Business Rates from April 2024 £480 approx. (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

TO INCLUDE THE SECURE RENEWABLE LEASE, FIXTURES & FITTINGS £69,500
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 34,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote