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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 & A5 use & in our opinion is suitable to be open as a Takeaway or Restaurant.

The A3 use has restrictions in the hours of opening Monday - Sunday inclusive - 11 a.m. - 11 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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