Commercial properties for sale in South London, Restaurant, this area only

1 The Market is a 2-storey end of terrace mixed-use property that is brick built with a part pitched and part flat roof. The property is located on a secondary retail parade on a through road that runs between Carshalton and Lower Morden in the London Borough of Merton. The property is located directly next door to the 700-bed St. Helier University Hospital and 4-bed Queen Mary's Hospital for Children. At ground floor level, the property is understood to be consented for planning use class E (general commercial) and measures c. 2,120sqft internally. The property is currently configured and owner/operated as a licensed restaurant (New World Chinese Restaurant) with a layout comprising seating area/bar (100 covers) at the front of the property and towards the rear customer WC's, laundry/storage area, cold room and kitchen. There is a small yard at the rear of the property that has a parking space for 1 x vehicle accessed off a service road at the rear of the parade. The existing restaurant currently benefits from a licence for the supply of alcohol from Merton Council. Under use class E, other potential uses include, retail, offices, professional services, clinics, salons and indoor fitness. At first floor level, the property is understood to be consented for planning use class C3 (dwelling premises) and configured as a self-contained 4-bedroom staff accommodation (shared bathroom) measuring c. 818sqft internally that is currently occupied by restaurant staff. The staff...

Strong investment in an excellent area

An opportunity to acquire this sought-after retail unit sized at c.2,317sqft (c.215.3sqm) which is housed within a modern development in Deptford. The unit itself is accessible via a street entrance door, with huge glass frontage wrapping around the courtyard onto the main road (Creek Road). The unit is mostly open plan with huge ceiling height, providing the opportunity for a mezzanine floor to be added. The unit is in a good condition throughout, and additionally, there are 2x allocated parking spaces on site, and is easily accessible by public transport by being on Creek Road. The property is let to an Asian Supermarket on a 10-year lease at £42,500pa which reflects a gross annual yield of c.8.94%. A full copy of the agreed lease can be provided.

Galaxy Real Estate is delighted to present this excellent opportunity to acquire a well-established and profitable pizza takeaway franchise in a prominent trading location. Operating under a recognised brand with an established customer base on Catford Hill SE6.