Well established LICENSED RESTAURANT
Price:
Leasehold - £49,500
Location:
London, South London
Business Type:
Food Service Businesses
Nationwide are pleased to offer to the market : Established and operated by the present owner as South Indian Cuisine for approximately the past 20 years and solely offered for sale due to the vendors retirement, in our opinion in view of the excellent main road trading position, there is potential for a number of other types of cuisine, if desired.
SPACIOUS DOUBLE FRONTED RESTAURANT carpeted, ceiling lighting. Tables and chairs providing seating for 50 persons. Bar with mirror-backed shelving, optics.
LARGE LEVEL KITCHEN with quarry tiled floor, 10-burner gas cooker (needs some attention), fridge, deep freeze, double sink and drainer, old walk-in coldroom etc.
Ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
The business is at present operated on a low key basis as the vendor now wishes to retire, in our opinion the business offers tremendous potential for development in the right hands.
We understand the premises are held on a secure renewable lease from a private landlord, the present having 11 years unexpired from November, 2010 at a rental of £19,000 p.a. exclusive of rates up to November, 2011, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £4,200 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
REALISTICALLY PRICED FOR EARLY SALE
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, excellent main road trading position, LONDON, SW
At present seven evenings per week 6 p.m. - 11 p.m.
Internal access to accommodation comprising:
First Floor
Double Bedroom
Lounge
Second Floor
Kitchen
1 Double Bedroom
Bathroom with bath, wash hand basin
Separate w.c.
Small Garden.
Parking space
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