Restaurant to rent

DESCRIPTION
Hot food commercial property available to rent on a new lease for £15,000 per annum, with a Premium of £10,000 for the benefit of A3 use.

Formerly trading as Ten Thanks Chinese & Vietnamese Restaurant, the premises is located on Streatham Vale near its junction with Sherwood Avenue.

The property is around 850ft²/78.9m² which comprises the main serving seating area, wash room, kitchen and w/c facilities. There is also a forecourt external seating area at the front. When the business was trading, takings were advised as being around £2,500 per week with 36 covers.

The preference of the landlord is to have a lease with rent reviews every 4 years, and for the tenant to pay the landlords reasonable legal fees and for the tenant to provide a rental deposit of £5,000, partially returnable at the end of the first 4 years subject to prompt regular payment of rent.

The new lease will contain clauses such as external repairs to the building 50% payable by the tenant occupying the ground floor premises. Extractor cleaning certificate every six months in order to comply with insurance requirements.

Business rates are advised as being payable at £2,645.50 per annum (or £1,455.17 per annum after business rate relief). All enquiries welcome.