Restaurant to rent

St. James Way, Sidcup

£11,500 pa| £958 pcm

Property Description

Letting information:

Date available: Now

Key features

  • BUSY & SUCCESSFUL RESTAURANT WIOTH 40 COVERS FOR SALE
  • LEASE TO REASSIGN
  • £11,500 PER ANNUM RENT AND LOW PREMIUM OIRO £35K
  • IMMACULATE RESTAURANT
  • HIGH QUALITY KITCHEN AND EQUIPMENT
  • GROSS PROFIT MARGINS 40% PLUS
  • GOOD WEEKLY TAKINGS
  • MASSIVE SCOPE FOR IMPROVEMENT
  • AMPLE PARKING
  • SOUGHT AFTER LOCATION

Full description


EXCELLENT SUCCESSFUL RESTAURANT BUSINESS FOR SALE £11,500 per annum with premium offers in the region of £35,000. EXCELLENT BUSINESS.br>
Harpers & Co are delighted to offer this very well refurbished and successful Asian Restaurant in the sought after St James Way area in Sidcup (between Bexley Village & Sidcup).
This prominent corner unit can easily seat 40 covers and has been decorated to a high standard providing a luxurious and immaculately clean restaurant. This unit is a credit to the current owners who maintain a high standard in hygiene and decor. A well stocked and attractive var and disabled toilet leads into a very well equipped kitchen with full commercial grade extractor canopy and several ranges. A full list of inventory is available on request.

Sole Agents Harpers & Co are instructed sole agents on this unit which deserves early viewing. Upper accommodation may also be available by separate negotiation. Contact 01322 524425

LOCATION 
This property is prominently placed on the popular St. James Way Sidcup and in close proximity to Bexley Village. St James Way is a secondary parade of mainly retail shops serving the local and popular local Knoll and the Grove Estate. This Restaurant sits on the very apex of the parade and is highly visible occupying a prominent corner position with excellent parking. The property enjoys ample parking and is surrounded by high quality housing and is in very close proximity to the famous 5 Arches and parkland and woods.

DESCRIPTION 
This Fully Licensed 45 plus cover Restaurant is established with both a sit down and Take away service. The current owners have been in the business for a number of years and feel there is ample scope for improvement and increasing the profit. The restaurant is immaculate and is very well decorated with high quality fixtures and fittings and a very well equipped kitchen which is immaculate. DIMNENSIONS Restaurant area 452 sq ft (42 sq m) Very well decorated and air condition Storage 27 sq ft (2.5 sq m) Ample and in both parts Kitchen 246 sq ft (22 sq m) Very well specified with fixtures and fittings Total area 839 sq ft (78 sq m) A rera lockup garage to the rera is also included in the sale of this business which provides excellent usable storage space.

TERMS 
Restaurant Lease for Sale on a New Lease for a Term to be agreed (9 years and renewable) at £11,500-00 per annum. The vendors are asking for a premium of Offers in the Region of £65,000-00 for the fixtures, fittings and goodwill. Viewings highly recommended. A list of the fixtures and income is available to serious enquiries.

RATES 
Our own inquiries with the VOA show a rateable value of £6,700 per annum and potentially a zero rates payable as a result of the new incentives. Applicants are requested to make their own inquiries. See ww.voa gov.uk Applicants may be eligible for small business rates relief.

LEGAL COSTS 
Each party to bear their own legal costs in this transaction

VIEWINGS 
Strictly by appointment only through Harpers & Co.

HARPERS & CO SPECIAL REMARKS 
This is a truly excellent opportunity for any budding chef or restaurateur to take on an assignment of an excellent unit with good scope for improvement and already providing an immaculate blank canvas. Priced competitively the current tenants are seeking to sell as they are relocating and feel that the business which they have also grown has good potential and works on healthy margins.

More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Albany Park (1.1 mi)
  • Bexley (1.5 mi)
  • Sidcup (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Harpers & Co, Bexley

Harpers House, 8 Bexley High Street, Bexley, DA5 1AD

01322 535092 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Albany Park (1.1 mi)
  • Bexley (1.5 mi)
  • Sidcup (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Harpers & Co, Bexley

Harpers House, 8 Bexley High Street, Bexley, DA5 1AD

01322 535092 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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Property reference 6455051. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Harpers & Co, Bexley.

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