Fitted Restaurant with Outdoor Seating for Sale in Walworth, Close to Market
Walworth, London
- Status
FOR SALE
- Advert ID
630225
- Reference
RPS-22233_WALWORTH_RESTAURANT / Rightbiz
- Call Agent:
- Leasehold: £180,000 (Stock at valuation)
- Rent: £43,000 (£3,583 per month)
- Turnover: Not Applicable
- Net Profit: Not Applicable
Key Features
- Fully Fitted
- Potential for Alternative Use
- Prime Location
- Close to Local Amenities
- Price Reduced
- Town Centre location
Business Details
Fully Fitted & Large Restaurant with £10k week in Southwark near East market
Fully Fitted Restaurant for sale in Walworth Road, Southwark
Property ID: RPS-22233
PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting viewing.
MAIN FEATURES
- Reduced for quick sale
- Weekly sale of £10,000 per week
- Busy road offering passing trade
- Close to East Street Market
- Circa 2,214 sq. ft with outdoor seating
- Spread over ground floor, basement & terrace
- Fully fitted commercial kitchen
- Gas, two(2) extractions in Place
- Benefits from 3-phase electric power supply
LANDLORD’S REQUIREMENTS
- Guarantor may be required (subject to references)
- Rent deposit required (subject to references)
- Other usual checks will be carried out
LEASE DETAILS
- Lease: Ending June 2039 (Inside LTA 1954 Act)
- Rent: £43,000 per annum exclusive
- Rent Review Term: Every 5 Year
- Next Rent Review: 2029
- Premium: 180,000 (Business, Lease & fixtures and fittings)
THE PREMISES
- Basement floor: circa 1,290 sq. ft
- Ground floor: circa 924.5 sq. ft
- Outdoor: circa 387 sq. ft
- Covers: Circa 100 ( indoor: 65 | terrace: 35)
- Gas, two(2) extraction & three phase in place
- Circa 35 Covers Outdoor seating
- EPC Rating: C
- Rateable value: 41,250
- Payable business rates: Circa £20,583.75 per annum
THE BUSINESS
- Gross Revenue: We have been informed that the business generated gross revenue of circa £10,000 per week
- Currently our client manages business with 4 part-time staff members.
THE LOCATION
- Busy road in South London
- Walworth Road, Southwark SE17
- 0.5 mile to Elephant & Castle
VIEWINGS & CONFIDENTIALITY
All interested buyers must have proof of funds to meet the premium and landlord’s requirements.
All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client.
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 are issued without responsibility on the part of the firm therefore are 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.
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.
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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.
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 £1, 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
