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Reference R9290

Spacious Restaurant in South London For Sale

Spacious Restaurant in South London For Sale
Spacious Restaurant in South London For Sale Buy a Spacious Restaurant in South London For Sale Sell a Spacious Restaurant in South London For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, SW LONDON

Price 30,000

Features

Spacious Restaurant

We understand the restaurant has been closed since the end of October, 2019, however in our opinion offers tremendous potential for development in the right hands.

Front area with space for 1 table & 2 chairs

IMPRESSIVE & SPACIOUS RESTAURANT with laminated strip floor, ceiling with spotlighting plus hanging lighting. 3 air conditioning/heating units. Attractive brickwork to rear wall plus brickwork to 1 side wall. Tables & chairs to provide seating for 50 persons. Counter, 2 group coffee machine, coffee grinder, 3-door glass fronted counter fridge, glasswasher.

Stairs to BASEMENT KITCHEN with dumb waiter to ground floor restaurant. The kitchen has a tiled floor & is well equipped including stainless steel extractor system, 6-burner gas cooker, gas grill, salamander, dishwasher, sink & drainer, double door glass fronted counter fridge. walk-in coldroom etc. CCTV system, burglar alarm.

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

Turnover

AS STATED the restaurant is at present closed, however in our opinion offers tremendous potential for development in the right hands.

Tenure

The landlord, subject to satisfactory references, is prepared to grant a new 15/20 years full repairing and insuring lease at a rental of 38,000 p.a. exclusive of rates for the first 5 years with rent review at that time and thereafter every 5 years.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE NEW LEASE, FIXTURES & FITTINGS 30,000 subject to contract
LOAN POSSIBLE TO AN APPROVED APPLICANT

Alternatively the landlord is prepared to sell the premises on the new lease to include the extractor system, air conditioning & walk-in coldroom, however all the additional equipment will be removed.

PRICE FOR THE NEW LEASE & LIMITED EQUIPMENT ONLY 15,000 subject to contract.

Finance

Subject to status, you maybe able to borrow up to 15,000 (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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