Double fronted premises, ground floor and basement area in all approx. 1,800 sq. ft.
We understand the premises have D2 use and is at present operated as a Coffee Bar with Pool Room at rear
Stairs to large basement also providing an additional pool room (not used at present). In our opinion the premises have potential to be developed as a Restaurant/Wine Bar, subject to obtaining the necessary planning permission.
Ground Floor Double Fronted Spacious Premises with laminated strip floor, counter, cool display serveover counter, shelving. Tables and chairs providing seating for 10 persons, small deep freeze, fridge, coffee machine, small upright glass fronted fridge etc.
Rear Section carpeted. 2 pool tables (on lease)
Cloakroom with w.c.
Stairs to large basement approx. 900 sq. ft. providing storage plus additional pool room with 2 pool tables (owned). The basement is not utilzed at present.
Turnover
WE ARE INFORMED the turnover in respect of the Coffee Bar and Ground Floor Pool Room is in the region of £1,500 p.w. in our opinion offering tremendous potential for further increase in the right hands.
Staff
The business is at present operated by the vendor with the assistance of 1 full time staff.
Opening
Hours
10 a.m. - 12 midnight seven days per week
Tenure
We understand the premises are held on a secure renewable lease having approx. 2 years unexpired at a rental of £16,000 p.a. exclusive of rates, fixed for the remainder of the term. We are further advised by the present tenant that the landlords will consider a surrender of the existing lease and the granting of a new 20 years lease at an initial rental of approx. £22,000 p.a. exclusive of rates, with rent revisions.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
Price
OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £46,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Reference
R9871
Viewing is only via appointment contact Nationwide Businesses on 020 8763 1777.
