Restaurant Premises in Croydon For Sale

Situated in a parade, busy road, densely populated residential & commercial area, SURREY CROYDON

Price £45,000 / £695,000

Features

Restaurant Premises (closed)

DOUBLE FRONTED PREMISES in the region of 1,280 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with spot lights.

Kitchen with stainless steel extractor unit.

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

Stock room

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows. The accommodation comprises:

4 Bedrooms (3 double, 1 Single).
Lounge.
Kitchen.
2 x Bathroom with bath, w.c. and wash hand basin.

Outside

Rear yard

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new 20 years full repairing and insuring lease with rent reviews every 4 years at a rent of £35,000 p.a. for the first 4 years.

We understand on the leasehold sale that the vendor will require a £12,000 rent deposit.

Price

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, FIXTURES & FITTINGS £695,000
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

OR TO INCLUDE THE NEW, FIXTURES & FITTINGS £45,000
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 22,500 (lease) £ 486,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote