Restaurants for sale in Tooting

View the "NEXT DOOR TO TOOTING BEC UNDERGROUND STATION...... Leasehold Assignment available" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

I can honestly say I was overwhelmed by the amount of interest and enquires this generated. Very easy to advertise your business with great results!

Jo White (April 2016)
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Leasehold Price: £60,000 Price Reduced
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Business Description
NEXT DOOR TO TOOTING BEC UNDERGROUND STATION...... Leasehold Assignment available on this 20 cover, A3 restaurant, superbly refurbished just 2 years ago serving south American food. Interested parties could literally move in and continue trading. PREMIUM: £60,000 'all at' / £50,000 Empty. RENT: £12,500 pa. 11 years unexpired.

Fully equipped catering kitchen. Weekly takings in the region of £1,700-£2,800 per week but scope to increase trade with obtaining A5 use and longer opening hours as due to age the current occupiers are not operating it to its maximum

Gross Internal Area approx: 34.70m²/ 373.50 ft²

The ingoing tenant should be prepared to pay one quarters rent in advance along with the equivalent of one quarters rent to be paid and held as a security deposit.

Business Rates: The property has a Rateable Value of: £7,000 with actual Rates Payable of: £2,898. New businesses maybe able to apply for discount (Transitional Relief).

Interested parties can also visit the premises as a customer but should not discuss with staff.

Our client informs us the current use is A3 and they have applied for A5 use. No alcohol licence at present

Lease details to be confirmed as awaiting copy of lease from client. 4 Yearly rent reviews TBC.
Tenure: Leasehold

Location Details:

Excellent location adjacent to Tooting Bec underground (Northern Line) offering excellent footfall from commuters as well as those exploring the various retail opportunities that surround the property

Leasehold Term: 12500

Listed by: csj estate agents
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