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Property for sale

Russell Hill Parade, Purley, CR8

Offers in Excess of £75,000

Property Description

Key features

  • Drastically reduced for quick sale
  • Established 40 years
  • Super Location
  • Living Space above included
  • Long Lease
  • Fully Equipped

Full description

Drastically reduced for quick sale
Long Lease FOR SALE
Restaurant & Take Away

Established and well run Restaurant premises with A3 use and alcohol licence (subject to PP).

This retail unit comprises of; tables and chairs providing seating for 50 covers; bar counter with drinks display, cash register, Male and Female Toilets with hand basin.
Fully equipped kitchen and cold store facilities included - comes with all equipment and fixtures as a readymade business.

Living accommodation on upper floors currently let producing good income.

Ideal suited as a family run business or a lock up restaurant with investment income from the accommodation units above.

We understand the premises are held on a secure renewable lease, the present lease having approximately 20 years unexpired at a rental of £200,000 p.a. exclusive of rates

WE ARE INFORMED this long established restaurant averages a healthy turnover and in our opinion offering tremendous potential for further increase in the right hands.
The property accommodation upstairs comprises of; 4 bedrooms, kitchen, bathroom & WC; ideal for a family occupiers of the business or rented out to generate additional income. Gas Central Heating.

HIGHLY RECOMMENDED FOR EARLY INSPECTION


Listing History

Added on Rightmove:
10 March 2016

Map & Street View

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