Licensed Restaurant in Caterham For Sale

Situated in a parade, excellent main road trading position, CATERHAM, SURREY.

Price £25,000 / £750,000

Features

Attractive Licensed Restaurant (closed)

FULL GAS FIRED CENTRAL HEATING

5 STAR HYGIENE RATING

DOUBLE FRONTED RESTAURANT in the region of 915 ft² with laminated wood effect floor. Air conditioning. Well appointed including wall & ceiling lighting. Tables & chairs providing seating for 26 persons.

GROUND FLOOR COMMERCIAL KITCHEN with industrial non-slip floor. Dumb waiter. The equipment includes 5-burner gas cooker, double deep fryer, 2 deep freezers, counter fridge with stainless steel work top, 2 microwaves, dishwasher, double sink & drainer, work surfaces, walk-in coldroom etc.

STAIRS TO BASEMENT in the region of 420 ft² with laminate floor. Additional RESTAURANT AREA with laminated strip floor. Air conditioning. BAR. 7 tables providing seating for 30 persons.

Fully tiled ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin.

Pantry, shelved, 2 deep freezers

Staff shower room & toilet

Accommodation

INCLUDED ON THE FREEHOLD SALE ONLY - The self containmed accommodation, also accessible via the business, situated over 2 floors, double glazed. Having potential to be let to provide a rental income of £1,300 per month. The accommodation comprises:

First Floor
Lounge
Kitchen
Bathroom

Second Floor
2 Bedrooms

Outside

Double garage, roller door with electrics

Yard

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant, in respect of the restaurant (excluding the accommodation) a new 16 years full repairing and insuring lease at a rental of £24,000 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: Nil payable at present (Please contact Local Authority to confirm)

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, FIXTURES & FITTINGS excluding the accommodation, £25,000 subject to contract.
LOAN POSSIBLE TO AN APPROVED APPLICANT

OR PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, TO INCLUDE THE ACCOMMODATION £750,000 subject to contract.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 12,500 (lease) £ 525,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote