A4 Restaurant/bar 20 Year Lease For Sale, Se1, London | | Southwark London | | New refurbished spacial restaurant/bar in SE1 London. Lease to let or rent A4 Restaurant/bar 20 Year Lease For Sale, Se1, London is located in London. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 66950
ADVERT IMPRESSIONS : 12,694 TIME(S) | | | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Catering | | SALE: | Private Sale | LEASEHOLD: | £50000 | ANNUAL RENT: | £37750 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location:
The A4 restaurant/bar is set on a mixed use shops & supermarkets on a prominent corner of Old Kent Road & Mina Road, opposit to Tesco parking. Old Kent Road is a thriving cosmopolitan shopping area which includes multiples such as TESCO, Currys, ASDA, plus numerous restaurants and other independents
Description:
The restaurant has been recently refurbished & decorated to tasteful contemporary standards with all brand new furnitures & facilities. Currently the ground floor is arranged to provide 70 -80 covers, there is a fully fitted kitchen and disable toilet to the rear for steak house.
The basement floor consists of further covers and bar are currently produced 500 pound per week from DJ team which reduce the rent of restaurant to only 226 pound per week (total rent for restaurant is 726 pound per week till the end of year 2015). There is another large kitchen with cool room storage(used to be kitchen for Chinese Restaurant), is available for any food processing which will reduce the rent further, three toilets, one shower room and one office in the basement
In order to fully understand the quality of these premises viewings are strongly recommended.
Lease:
SUBJECT TO CONTRACT
Assignment of 20 year FRI Lease From June 2011 with 5 yearly rent reviews
Price:
Rent: real rent less than £11, 750 per year (37, 750 -26, 000 plus basement income) Premium: £50, 000 much less than the spending of current leasee for buying premium and renovation. The price is very low due to the lease holder is pregnent and need to get rid of the lease as soon as possible to allow her concentrate on the coming baby.
Rates:
Ratable Value £15, 000 Rates payable: £610/month
Interested parties are advised to make their own enquiries with the Local Authority to confirm their exact rating liability (Southwark Council)
Costs:
Ingoing tenant to be responsible for paying all reasonable related legal costs
Viewing:
Strictly by appointment with Sue 07502215469/ 02077013388
Contact:
Sue
276 Old Kent Road
London
SE1 5UE
02077013388
ktasteakhouse@hotmail. Com
. | | | | | | FOR SALE | | | | | REFERENCE: | 66950 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
