Fully fitted restaurant and bar lease for sale in West Norwood London
West Norwood, London
- Status
FOR SALE
- Advert ID
637892
- Reference
West Norwood / Rightbiz
- Call Agent:
- Leasehold: £50,000
- Rent: £41,000 (£3,417 per month)
- Turnover: £430,000 (£8,269 per week)
- Profit: Not Applicable
Key Features
- Adjacent to Multiple Retailers
- Town Centre location
- Fully Fitted
- Open Plan Trading Area
Business Details
Fully fitted pizza restauant and bar lease for sale in West Norwood
PLEASE NOTE STAFF ARE UNAWARE & NOT TO BE APPROACHED
ALL ENQUIRIES THROUGH MKR PROPERTY
Note: this is not a business sale. As the site forms part of a wider restaurant brand, incoming operators must establish their own concept, whether pizza or another offering.
LOCATION
Located on Norwood Road circa 200 metres or a 5 minute walk from West
Norwood Station with regular direct trains into London Victoria in 22 minutes.
The area boasts a vibrant and diverse mix of independent and national retailers,
cafe’s and restaurants. Operators nearby include West Norwood Picture House,
Knowles of Norwood, Blackbird Bakery and Sweet Carolina Kitchen & Bar.
DESCRIPTION
The subject property is very well fitted and is arranged over the ground floor
only. The front section features a bar and seating for 26. Towards the rear, there
are an additional 16 covers on 2 bench seats alongside a spacious open-plan
kitchen (serving as the central kitchen for other stores) equipped with a Gozney
wood-fired pizza oven. This area also boasts an office, 2 x cold rooms, wc’s,
storage space, and pot wash area. The site benefits from three phase electrics
and commercial gas. Additionally, there are 4 external covers fronting Norwood
Road.
ACCOMMODATION
The property comprises the following approximate floor areas:
Ground floor- 1,624 sq ft/ 150 sq m
PREMIUM
Offers in excess of £50,000
LEASE
Available by way of an assignment of the existing 10 year lease from
20th November 2018 at a passing rent of £41,000 pax (fixed until
2028). It is our understanding that the lease is contracted inside the
security of tenure and compensation provisions of the L&T Act 54.
LICENSE
We are advised that the premises license permits the sale by retail of
alcohol both ON & OFF the premises from 9am to midnight on
Fridays & Saturdays and from 9am to 2330 the rest of the week.
The license allows the sale of alcohol without food. A copy of the
license is available on request.
BUSINESS RATES
Rateable Value - £26,500
UBR - 0.499
Rates Payable - £13,222 (excluding any relief)
THE BUSINESS
The brand name is excluded from the sale as this is a branded restaurant with other premises trading elsehwere.
NOTE STAFF ARE UNAWARE AND NOT TO BE APPROACHED UNDER ANY CIRCUMSTANCES
FURTHER DETAILS
Marc Rogers
07816 764653
http://www.mkrproperty.co.uk
Contact Agent
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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.
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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 £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.
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
