Well established CAFÉ/SANDWICH BAR with A3 use
Price:
Leasehold - £25,000
Location:
London, South London
Business Type:
Food Service Businesses
Nationwide are pleased to offer to the market : SPACIOUS FRONT AREA with space for tables and chairs for 16 persons.
SINGLE FRONTED CAFÉ/SANDWICH BAR, woodstrip floor, ceiling lighting. Tables and chairs providing seating for 28 persons. Counter, electronic cash register, 3 group coffee machine, coffee grinder, panini toaster.
LEVEL OPEN PLAN KITCHEN with grill, single deep fryer, pizza oven, 1 3-door stainless steel counter fridge, 1 deep freeze etc.
Cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £1,300 p.w. in our opinion offering tremendous potential for further increase in the right hands.
We understand the premises are held on a secure renewable lease, the present lease having approximately 9 years unexpired at a rental of £18,000 p.a. exclusive of rates, due for rent review at the present time, and we further understand the rent reviews are every 3 years. (As will be appreciated with the total rental income at the present time from the accommodation over being £17,940, the net rental payable at the present time is only £60 p.a).
Uniform Business Rates: £1,200 p.a. approx.
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 6 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £25,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Situated in a parade, close to main road, residential area with 2 schools nearby, S LONDON
Monday - Friday inclusive - 7 a.m. - 2.30 p.m.
Thursday & Friday re-opening in the evening from
The accommodation in the form of a SELF CONTAINED MAISONETTE over, comprises:
3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Kitchen
We are advised by the present owner that 4 of the rooms are currently let on shorthold tenancies and provide a total rental income at the present time of £345 per week, however, we understand that vacant possession can be given on completion, if required.
Large yard with storeshed and with parking space for approximately 3 cars.
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