Lease a Fully Fitted Restaurant and Bar Opposite Balham Tube & Train Station
Balham, London
- Status
FOR SALE
- Date Submitted:
23/04/24
- Advert ID
610209
- Reference
Balham Station Road / Rightbiz
- Call Agent:
- Leasehold: £75,000 (Stock at valuation)
- Rent: £37,500
- Turnover: Not Applicable
- Net Profit: Not Applicable
Key Features
- Small Business
- Town Centre location
- Fully Fitted
- Prime Location
Business Details
Fully fitted double fronted restaurant and bar directly opposite Balham tube & train station
LOCATION
Located in a high footfall and prominent location in the vicinity of Balham Tube & overground station. Nearby operators include Joe & The Juice, Planet Organic, Hopper Coffee, Franco Manca, Yard Sale, Tapajax, The Exhibit and Pho.
DESCRIPTION
The double fronted restaurant has recently undergone a complete refurbishment and is arranged over the ground floor only comprising circa 44 covers. The restaurant also benefits from a fitted kitchen with full kitchen extract.
ACCOMMODATION
The property comprises the following approximate floor areas:
Ground - 800 sq ft / 74.3 sq mt
LEASE
Available by way of an assignment of the existing lease expiring in December 2033. The lease is subject to 4 yearly rent review with the next review in December 2027. It is our understanding that the lease is contracted inside the security of tenure and compensation provisions of the L&T Act 54.
RENT
£37,500 pax
PREMIUM
On application
LICENSE
We are advised that the premises license permits the sale of alcohol on and off premises from 10am - 10:30pm everyday. A copy of the license is available on request.
BUSINESS RATES
Rateable Value (from April 2023) - £21.000
UBR - 0.499
Rates Payable - £10,479
Interested parties are advised to make their own enquiries to
verify the business rates
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
