Licensed Restaurant Premises in South London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, SE LONDON

Price £150,000

Features

Indian Restaurant Premises (closed)

5 STAR HYGIENE RATING

Bi FOLD FRONTED PREMISES in the region of 725 ft² WITH INTERNAL ELECTRIC SHUTTERS, tiled floor, lutronic controlled spot lights. Bar with fridges, ice machine, glass washer. Tables and chairs providing seating for 70 People, CCTV system (4 cameras, 1 monitor).

Kitchen with stainless steel extractor unit., Tandoori oven, Steamer, freezer, under counter fridges, double sink and drainer, etc

Walkin coldroom.

Walkin Freezer room.

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

Staff Toilet with w.c. and wash hand basin..

Tenure

The private landlord owns the Freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £50,000 p.a. for the first 4 years.

Business Rates from April 2025 £6,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1985, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, FIXTURES & FITTINGS £150,000
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote