Back to List

No direct contact is to be made on the vendors instructions,
viewing is only via appointment - Please register for free to see full location details
 

Excellent trading position, sought after residential area, LONDON. (Please register to make appointments and view addresses)

Established by the present owner as Indian cuisine in October, 2007, which could obviously be continued and in our opinion in view of the location, there is potential for other types of cuisine, if desired.

Ground Floor Entrance to -

SPACIOUS BASEMENT RESTAURANT with woodstrip floor, newly refurbished, ceiling with spotlighting. Tables and chairs providing seating for up to 100 persons. Attractive bar with 3 hand pumps, glasswasher, sink.

Level kitchen, all newly equipped. Non-slip floor. Large stainless steel extractor unit, large Tandoori oven, 7-burner gas cooker, 4 fridges, ice cream deep freeze (owned), 1 small deep freeze, 1 chest deep freeze, 2 sinks and drainer etc.

Staff cloakroom with w.c. and wash hand basin

Ladies' cloakroom with 2 w.c's, wash hand basin
Gentlemen's cloakroom with 2 w.c's, wash hand basin

WE ARE INFORMED the turnover at the present time is only in the region of £1,500 p.w. however, in our opinion offers terrific potential for further increase in the right hands.

The business is at present operated by 1 of the partners with the assistance of her husband plus family help.

12 noon - 2 p.m. & 5 p.m. - 11.30 p.m. seven days per week

The accommodation situated on the ground floor with separate entrance, comprises:

Self Contained Living Room/Bedroom
Shower room with shower, w.c. and wash hand basin

We understand the premises are held on a secure renewable lease, the present lease having approximately 18 years unexpired at a rental of £17,000 p.a. exclusive of rates for the next 1 year, with rent review at that time and thereafter every 3 years.

Please note the vendor is prepared to grant a 3 months rent free period.

Uniform Business Rates: £4,500 p.a. approx. + water rates

RECOMMENDED FOR EARLY INSPECTION

REDUCED FOR EARLY SALE

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £99,950 or near offer plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Back to Businesses for Sale