Description: An opportunity to purchase a trading restaurant in a popular location. The property is offered in good condition throughout and has great scope for increasing trade as the current owners do not offer delivery service, which we feel is essential if it is to continue as a Chinese restaurant with 30 covers. The unit benefits from fully fitted kitchen with prep area, WC, storage room and a door leading to rear access for deliveries.
Uses: A3 with alcohol licence
premium: £49,950 Guide price for the benefit of the lease, fixtures, fittings and goodwill.
Rental: £18,000 per annum
terms: 15 Year Lease from 2015 with rent reviews every 5 years
business rates: Nil. However, all interested parties are encouraged to make their own enquiries with London Borough of Merton
size: Approximately 582 sq ft
opening hours: Tuesday till Sunday 5:00 p.M - 11:00 p.M & Monday Closed
staff: Family Run
turover: Current turnover in excess of £93,600 per annum approximately.
Accounts: Available on request
legal cost: The ingoing tenant is expected to cover the landlords legal fees as well as their own
local authority: Merton
energy performance certificate: Energy Performance Asset Rating is 71- C Rating. A copy of this propertyâ€™s energy performance certificate is available on request.
Reference charge: London Properties charges a fee of Â£200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord
holding deposit: A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account
fixture & fittings: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition
agent note: London Properties for themselves for Lessors, Vendors and their agents, give notice that:-
1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.
2. These details do not constitute any part of an offer or contract.
3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.4. All rent prices, fees and charges are quoted exclusive of VAT
viewings: Through London Properties by appointment only.
- Prime Location
- Offers Invited
- Established Business
- Close to Local Amenities
- Accounts Available
- Retirement Sale
- Attractive Business
- Open Plan Trading Area
- Fully Fitted