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Saturday 23rd of Sep 2017 - My Account - Register - Brokers - Bookmark RightBiz
Leasehold:
£590,000

A3 Riverside Park Cafe, Central London, Wc2 Premium Advert

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ReferenceP7591RB / RightBiz
Status
FOR SALE
Advert ID196595
LocationWestminster, London
SectorSandwich Shops, Cafes
Leasehold Price£590,000
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Key Features
  • Planning Consent Available
  • Price Reduced
  • Unique Business
  • Retirement Sale
  • Close to Local Amenities
  • Attractive Business
  • Established Business
  • Town Centre location
  • Fully Fitted
  • Prime Location
  • Accounts Available
LOCATION:Situated on the Embankment overlooking The Thames. At the rear is the famous park which has the best kept gardens in London and is within a 3 minute walk to the underground station opposite the Savoy Hotel and generally occupies one of the best imposing positions in the Westminster Borough.

DESCRIPTION:This is a fully air conditioned detached building (500 sq ft internally) within the Royal Park with a large seating area outside facing the park. Option for over 250 covers outside (140 covers presently). 16 Covers inside. There are also terraces to the side and front overlooking The River Thames. Inside, is the takeaway section and a seating area for 16. There is a fully fitted kitchen with a wash up section, a small office, a side door to an undercover storage area and 1 wc. The mezzanine floor is used for storage. There is also the benefit of planning consent to extend the upper terrace to increase the seating area.

BUSINESS:In the same hands 30 years, the business is family run with 7 full time staff takes on average, £480,000 pa at 65%/70% gp. The owner proposes retire.

EQUIPMENT:Fully equipped with a Wega cappuccino machine and grinder, a Polar stainless steel 3 door preparation fridge, an 8 pot Baine Marie, a glass front counter display, a fridge, 2 Buffalo sandwich makers, a glass front display fridge, 2 Casio cash registers, 2 double bar fridges, a Polar ice cream machine, a hot tea boiler, a Lincat 4 burner cooker with oven, a Buffalo oven/grill, 2 Buffalo and 1 Lincat fryers, a Buffalo griddle, a new industrial dishwasher, 2 Samsung industrial microwave, ovens, a Ntosa stainless steel preparation fridge, a Tefcold upright fridge, a chest freezer, furniture, etc.

HOURS:8 am to 6 pm 7 days.

TENURE:Renewable 30 year lease from March 1994 with 5 yearly reviews at a current rent of £35,000 pa.

RATES:Approximately £8,500 pa payable.

VIEWINGS/
NEGOTIATIONS:Strictly through PEGASUS BUSINESS SALES on 020 7935 3939
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