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Reference R8428

Restaurant with Full On Licence in West Norwood For Sale

Restaurant with Full On Licence in West Norwood For Sale
Buy a Restaurant with Full On Licence in West Norwood For Sale Sell a Restaurant with Full On Licence in West Norwood For Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, densely populated residential area, SE LONDON WEST NORWOOD

Price 35,000

Features

Fully Equipped Restaurant

We understand the premises have a Full On & Off Licence, in our opinion has potential to operate as a Licensed Restaurant or Wine Bar. The present owner utilizes the premises for private functions.

Electric shutters to SINGLE FRONTED GROUND FLOOR RESTAURANT AREA with laminated strip floor, ceiling with inset spotlighting. Tables, chairs plus breakfast bar with high chairs providing seatig for 18/20 persons. BAR, 1 double door plus 1 single door glass fronted counter fridge, electronic cash register.

STAIRS TO BASEMENT providing additional seating area. Quality tiled floor. Tables & chairs providing seating for an additional 20 persons. BAR with 3 double door glass fronted counter fridges.

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

GROUND FLOOR LEVEL KITCHEN with tiled floor & tiled walls, extractor system, 6-burner gas cooker, deep fryer, 3 fridges, small deep freezer,

Turnover

AS STATED the present owner uses the premises for private functions, however in our opinion there is terrific potential to develop the premises as a restaurant or indeed a wine bar, if desired.

Outside

Small yard area

Tenure

We understand the premises are held on secure renewable lease, the present lease having approximately 9 years unexpired at a rental of 15,000 p.a. exclusive of rates for the next 4 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates only at present 105 p.a. after small business relief

PERSONALLY INSPECTED & HIGHLY RECOMMENDED

REALISTICALLY PRICED FOR EARLY SALE

Price

TO INCLUDE THE SECURE LEASE, FIXTURES & FITTINGS 35,000 o.n.0. (stock at valuation optional)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 17,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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