Walworth Road, London, SE17

Urgent Sale - Shisha Restaurant with Terrace & Basement Flat - Elephant & Castle

Property ID: RPS-22233

PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting viewing.

MAIN FEATURES

Reduced for quick sale
Busy road offering passing trade
Shisha terrace (50% open, compliant setup)
Close to East Street Market
Circa 2,214 sq. ft with outdoor seating
Spread over ground floor, basement & terrace
Large basement flat (2 rooms, living area, bathroom - great staff or office space)
Fully fitted commercial kitchen
Gas, two(2) extractions in Place
Benefits from 3-phase electric power supply

LANDLORD'S REQUIREMENTS

Guarantor may be required (subject to references)
Rent deposit required (subject to references)
Other usual checks will be carried out

LEASE DETAILS

Lease: Ending June 2039 (Inside LTA 1954 Act)
Rent: £43,000 per annum exclusive
Rent Review Term: Every 5 Year
Next Rent Review: 2029
Premium: 149,000 (Business, Lease & fixtures and fittings)

THE PREMISES

Basement floor: circa 1,290 sq. ft
Ground floor: circa 924.5 sq. ft
Outdoor: circa 387 sq. ft
Covers: Circa 100 ( indoor: 65 | terrace: 35)
Gas, two(2) extraction & three phase in place
Circa 35 Covers Outdoor seating
EPC Rating: C
Rateable value: 41,250
Payable business rates: Circa £20,583.75 per annum

THE BUSINESS

Gross Revenue: We have been informed that the business generated gross revenue of circa £10,000 per week
Currently our client manages business with 4 part-time staff members.
Registered trademark + 6 virtual brands included
Active on Uber Eats, Deliveroo, and Just Eat
Turnkey operation - continue trading from day one

THE LOCATION

Busy road in South London
Walworth Road, Southwark SE17
0.5 mile to Elephant & Castle

VIEWINGS & CONFIDENTIALITY

All interested buyers must have proof of funds to meet the premium and landlord's requirements.

All interested buyers must agree Non-Disclosure Agreement with our company due to the "Confidentiality" requested by the client.

Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.

DISCLAIMER

The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.