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Croydon, London, CR2

£3,058 pcm
£36,700 pa

Business rates & charges may apply

Restaurant Property Sellers, Ealing
SIZE

Ask agent

SECTOR

Restaurant to lease

USE CLASSUse class orders: A3 Restaurants and Cafes

A3

Lease details

Lease available date:
Ask agent
Furnish type:
Furnished

Key features

  • Area: Circa 1966.99 sq. ft
  • Covers: Circa 150
  • Great visibility with big shop front
  • Gas, extraction & premises licence in place

Description

Fully Fitted Restaurant For Sale in South Croydon. 150 Covers

Property ID: RPS-22676

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

MAIN DETAILS

Area: Circa 1966.99 sq. ft
Covers: Circa 150
Great visibility with big shop front
Gas, extraction & premises licence in place

LANDLORD'S REQUIREMENTS

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

LEASE DETAILS

Lease: Ending September 2034 (Inside the Act of 1954)
Rent: £36,700 per annum exclusive
Service Charge: £1,100 per annum
Rent review: Every 5 years
Next rent review: September 2029
Premium: £99,500 (Business, Lease & fixtures and fittings)

THE PREMISES

Area: Circa 1966.99 sq. ft
Covers: Circa 150
Benefits from gas & extraction
Premises licence in place

Rateable value: 32,500
Payable Rates this year: Circa £9,652 (with retail relief)

THE BUSINESS

Gross Revenue: We have been informed that the business generates gross revenue of circa £468,000 per annum (£9,000/week). 
Our client manages the restaurant with 7 full time & 1 part time Staff (including owner).

THE LOCATION

South Croydon, CR2
Few minutes from South Croydon train station

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.

About Restaurant Property Sellers, Ealing

Suite 107, Boundary House, Boston Manor Rd, Ealing, United Kingdom, W7 2QE

We specialise in selling freehold hospitality properties and leasehold businesses ranging from an independent cafe to hotels. Whether you are a commercial landlord thinking of leasing or selling your freehold commercial property or a food business owner looking to sell your business, we can help.

Our team has a combined experience of over 15 years in the hospitality sector along with data driven Digital Marketing industry, which allows us to reach the right buyers as well as commercial tenants for independent restaurant businesses and commercial landlords alike.

Our selling process involves an array of marketing tactics ranging from targeted data generation to reaching the right prospect using the latest digital and data-based marketing along with offline marketing and advertising tactics. CONTACT US NOW.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference RPS-22676_SOUTH_CROYDON_RESTAURANT. 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 Restaurant Property Sellers, Ealing. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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