FOR SALE
23/04/24
610209
Balham Station Road / Rightbiz
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
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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 SolicitorThe data showed regarding this advert 'Fully fitted double fronted restaurant and bar directly opposite Balham tube & train station - Balham Station Road / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.