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Reference R6939

Catering Premises in Sutton For Sale

Register to see map and to make an appointment Situated in a parade, busy road, SURREY SUTTON

Price £5,000 / £400,000

Features

Empty Premises

We understand that planning permission has been granted for A3 use & in our opinion is suitable to be open as a Café or Restaurant.

The A3 use has restrictions in the hours of opening Monday - Saturday inclusive - 6 a.m. - 7 p.m. Sunday opening - 8 a.m. - 6 p.m.

SPACIOUS PREMISES. Electric shutters & new shop front recently fitted. Frontage approximately 18' 6 (internal width 17'.5 - internal depth 26'.6) providing a total sales area of 417 sq. ft.

Kitchen 83 sq. ft.

Lower ground floor storage area 540 sq. ft. in our opinion the basement has potential for a kitchen area, if desired

Outside

Rear yard area.
Parking for 5/6 cars

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £15,000 p.a. exclusive of rates for the first 5 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £3,500 p.a.

RECOMMENDED FOR EARLY INSPECTION

Price

PREMIUM FOR THE NEW LEASE £5,000 subject to contract.

Alternatively the vendor is prepared to consider selling to the long leasehold ground floor property which we understand is for a period of 999 years from 2002 at a ground rent of £100 p.a.

PRICE TO INCLUDE THE VALUABLE LONG LEASEHOLD PROPERTY £400,000 subject to contract.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

**PLEASE NOTE A PROSPECTIVE PURCHASER IS GOING TO BE REQUIRED TO PAY THE VENDORS AND SUPERIOR LANDLORDS SOLICITORS COSTS**

Finance

Subject to status, you maybe able to borrow up to £ 280,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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