MOST ATTRACTIVE & SPACIOUS LICENSED RESTAURANT
Price:
Freehold - £1,000,000
Leasehold - £50,000
Location:
London, South London
Business Type:
Food Service Businesses
Nationwide are pleased to offer to the market : This most attractive Restaurant has been in the same hands for the past 11 years and is Italian cuisine, which could obviously be continued, and in our opinion in view of the excellent main road trading position, there is potential for other types of cuisine, if desired.
MOST ATTRACTIVE & SPACIOUS RESTAURANT with ceramic tiled floor, wall and ceiling lighting. Quality tables and chairs providing seating for 45 persons.
Ladies' & Gentlemen's cloakrooms each with w.c. and wash hand basin
LARGE LEVEL COMMERCIAL KITCHEN with tiled floor. Fully equipped including stainless steel extractor unit, 6-burner gas cooker, Garland solid topped gas cooker with oven, 4-burner gas cooker with oven, double deep fryer, 2-door stainless steel counter fridge, 2 upright stainless steel fridges, fish fridge, 2 chest deep freezes etc.
WE ARE INFORMED the turnover averages £3,000 p.w. in our opinion offering tremendous potential for further increase in the right hands.
The vendor owns the freehold and subject to satisfactory references is prepared to grant in respect of the Restaurant a new 15 years full repairing and insuring lease at a rental of £20,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £6,000 p.a. approx.
OUTSTANDING OPPORTUNITY TO ACQUIRE A LEASE IN RESPECT OF A QUALITY RESTAURANT IN THIS SOUGHT AFTER TRADING POSITION.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Alternatively the vendor is prepared to consider the sale of the freehold property which would include the outstanding living accommodation over. The SPACIOUS living accommodation all in SUPERB CONDITION with FULL GAS FIRED CENTRAL HEATING is arranged on 2 floors, FULLY TILED THROUGHOUT and comprises:
3 Spacious Double Bedrooms with fitted wardrobes
Large bathroom with bath, shower over bath, bidet, w.c. and wash hand basin
Additional bathroom with bath, w.c. and wash hand basin
Large lounge
Fully fitted kitchen
In addition there is a top floor terrace plus first floor small terrace
OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY (including the freehold of the restaurant & accommodation over), GOODWILL, FIXTURES & FITTINGS in the region of £1,000,000 subject to contract.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Situated in a parade, excellent main road trading position, sought after residential and commercial area, LONDON, SW
Monday & Tuesday - evenings only - 6 p.m. - 11 p.m.
Wednesday - Saturday inclusive - lunches - 10
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