Prime Multi-Business Premises for Sale in Croydon with Restaurant Nightclub and Outdoor Seating
Croydon, London
- Status
WITHDRAWN
- Advert ID
632168
- Reference
N987 / Rightbiz
- Call Agent:
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
LONG LEASEHOLD MULTI BUSINESS PREMISES FOR SALE
LOCATIONSituated in a prominent position on the High Street, between Whitgift Street and Laud Street, opposite Edridge Road under the flyover (A232) in Croydon town centre. Neighbouring occupiers include; Domino’s Pizza, F45 Gym, Greggs, Sainsbury’s Local, Chicken Valley, Tops Pizza, Coughlans Bakery, Mail Boxes Etc and Cake Box, together with a good vibrant mix of other independent and local traders. East and South Croydon mainline railway, tram and bus stations are both within walking distance, providing services to central London, Clapham, Brighton, Gatwick, Bedford, Wimbledon, Beckenham and East Grinstead. There are also buses serving the area located on the High Street.
BUSINESS
Large commercial premises currently arranged and trading as an Italian restaurant, separate basement night club and corner cocktail bar. All businesses are fully fitted out to a high standard and running - contact us for further information.
Benefiting from outside seating areas to the front of the restaurant and bar, additional enclosed outside area to the rear for the basement club and 5 car parking spaces accessed via a rear service road off the High Street.
We understand that the premises currently has ‘E’ and Sui Generis Use Classes, which includes restaurant, nightclub and bar. Alternative business, such as hot food take-away, leisure/gym and medical will also be permitted.
TURNOVER
Details upon request.
PREMISES
Restaurant 325.61 sq/m 3,505 sq/ft
Basement Club 461.25 sq/m 4,965 sq/ft
Corner Bar 153.29 sq/m 1,650 sq/ft
TENURE
Sale of a Long Leasehold/Virtual Freehold (125 years from May 1994) at a peppercorn rent. Full vacant possession will be provided on Completion, with fixtures and fittings left in place.
BUSINESS RATES
The current rateable value of the restaurant is £45,000 and the basement club is £50,500. We could not find the rateable value for the corner bar. Contact Croydon Council on 020 8726 7000 to confirm what amounts might be payable.
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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.
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Don't 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 number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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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.
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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.
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