Fully Fitted Restaurant for Sale in Croydon. Circa 4,423 Sq. ft

MAIN FEATURES

Fully Fitted Restaurant & Kitchen
Previous Occupiers include La Tasca & Preto Brazilian Steakhouse
High Street Location
Nearby occupiers include Nando’s & Turtle Bay
Circa 4,423 sq. ft (Ground Floor & Basement)
Outdoor Seating available
Premises Licence in Place
Three Phase Electricity
Sale of Ltd Company or Option of New Lease

LEASE DETAILS

Existing Lease can be assigned or a New Lease can be granted
Existing under Ltd Company & Ending March 2042
Outside the Landlord & Tenant Act of 1954
Stepped Rent: From Jan 2024: £75,000, Jan 2025: £80,000 & Jan 2027: £85,000 + VAT
Next Rent Review: Jan 2028
Rent Review: Every 5 years
Rent Deposit (Subject to References)
Premium: £25,000 (For Fixtures & Fittings)

THE PREMISES

Ground Floor: Circa 3,146 Sq. Ft (Fully Fitted Restaurant & Kitchen)
Basement: Circa 1,277 Sq. Ft (Cold Room, WC, Office & Storage)
Alcohol Licence in Place
Three Phase Electricity in Place
Rateable Value: 62,000
Payable Business Rates: £7,936 (Retail Relief for year 2024/25)
EPC Rating: B

THE LOCATION

38-40 High St, Croydon CR0 1YB
Passing trade throughout the day
Immediate units occupied by several national and independent retailers
Will benefit from £5.25 billion Croydon Town Centre Regeneration programme

VIEWINGS & CONFIDENTIALITY

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.

Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.

DISCLAIMER

The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.