Commercial Property to rent

Westow Street, Crystal Palace SE19 3RY

£2,250 pcm

Property Description

Full description

DESCRIPTION
!! Fantastic opportunity for increasing turnover and keeping overheads to a minimum !!

Please note this price is to include a three bedroom split level maisonette which is currently let out bringing in £21,000 per annum and bearing in mind the rent is £27,000 per annum the new occupants can benefit from a prime positioned restaurant for just £6,000 per annum (*figures will fluctuate with rent reviews).

CSJ Property Agents offer this superb family run and owned restaurant in Crystal Palace high street currently operating as a Portugese restaurant.

The current owners are looking to retire and would love to find buyers with the same passion and desire that they have had over the years.

They have over 30 years experience in the trade and have worked very hard to build the business which they took over from a previous family.

The premises has a lovely feel to it, which is probably due to the family. The owners have just redone the outside garden to the rear. There is a large seated restaurant area for up to 50 covers, his and hers toilets, lobby area, bar and counter, fitted kitchen and store room.

The property has great benefits and so much scope to expand further with so much passing trade during the day.

The busy street and position would lend itself very well to passing lunchtime trade for further income. The current owners do not open during the day so this really could be a great opportunity to build on the success of the current owners and further increase turnover and revenue. I have looked at other premises and they are very busy at lunchtime and during the day!

The price is to include roughly £5,000 of stock

Currently the turnover is £6,000 to £7,000 per week

With profit in the region of £3000.00 per week

All fixtures and fittings to remain!

If you are a family looking for a joint venture or someone who has had enough of working for someone else then this really could be a superb opportunity for you!



TERMS
Lease Assignment - Term 10 years

Rent: £27,000 per annum

Our clients are also seeking a premium / goodwill for the business, Guide Price £150,000

OUTGOINGS
We understand rates to be approx £4000 per annum but interested parties are expected to rely on their own investigations to the billing authority

VIEWING
Viewing is strictly by appointment only

Contact
Daniella Davies
CSJ Property Agents
020 8296 1273
dani@csj.eu.com


Nearest stations

  • Crystal Palace (0.4 mi)
  • Gipsy Hill (0.4 mi)
  • Anerley (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christopher St James, Colliers Wood

61 High Street, Colliers Wood, London, SW19 2JF

020 8012 3466 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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Nearest stations

  • Crystal Palace (0.4 mi)
  • Gipsy Hill (0.4 mi)
  • Anerley (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christopher St James, Colliers Wood

61 High Street, Colliers Wood, London, SW19 2JF

020 8012 3466 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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