Prime Location, Fully Fitted Restaurant for Sale in Battersea, Lease until 2042
Battersea, London
- Status
FOR SALE
- Advert ID
622479
- Reference
RPS-21869_ST_JOHNS_HILL_RESTAURANT / Rightbiz
- Call Agent:
- Leasehold: £290,000 (Stock at valuation)
- Rent: £64,000
- Turnover: £390,000 (ÂŁ7,500 Per week)
- Net Profit: Not Applicable
Key Features
- Fully Fitted
- Potential for Alternative Use
- Adjacent to Multiple Retailers
- Close to Local Amenities
- Offers Invited
Business Details
Fully Fitted Restaurant for Sale in St. John’s Hill, Battersea with Premises Licence
Restaurant for Sale in St. John’s Hill, Battersea
Property ID:Â RPS-21869
PROOF OF FUNDS REQUIRED:Â All interested buyers must be able to provide proof of funds before requesting viewing.
MAIN FEATURES
- Area: Circa 2,100Sq. Ft
- Fully Fitted Commercial kitchen
- Gas & Extraction in Place
- Benefits from Premises Licence
LEASE DETAILSÂ
- Lease Ending Dec 2042 (Inside LTA 1954 Act)
- Current Rent: ÂŁ64,000 PAX
- Rent Review Term: 5 years
- Next Rent Review: Dec 2027
- Premium: ÂŁ290,000 (Business, Lease and Fixtures & Fittings)
LANDLORD’S REQUIREMENT
- 6 Month’s Rent Deposit Required (subject to references)
- Bank, Trade & Accountant’s Reference required
- Evidence of financial credibility
PREMISES
- Area: Circa 2,100 Sq. Ft
- Fully Fitted Commercial kitchen
- Gas & Extraction in Place
- Benefits from Premises Licence
- Permitted Hours: 11am to Fri-Sat: 2am & 12am
- EPC Rating : B
- Business Rates: Circa ÂŁ23,952/annum (Rateable Value: 48,000)
- Retail Relief discount applied. Hence they are paying less this year.
THE BUSINESS
- Gross Revenue: We have been informed that the business generates gross revenue of circa £390,000 per annum (£7,000-8,000/week).
THE LOCATION
- Â St John Hill, Battersea
- Immediate units are occupied by several national retailers
- Excellent Location
VIEWINGS & CONFIDENTIALITY
All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client. Viewings are strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.
DISCLAIMER
The above information is provided by the seller and is issued without responsibility on the part of the firm therefore is not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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 ÂŁ1, 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
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 ÂŁ1, 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
