Fully Fitted Restaurant for Sale on Balham High Road with Lease Assignment and License
Balham, London
- Status
FOR SALE
- Advert ID
649114
- Reference
RPS-23030 / Rightbiz
- Call Agent:
- Leasehold: £95,000 (Stock at valuation)
- Rent: £45,000 (£3,750 per month)
- Turnover: £45,000 (£865 per week)
- Profit: Not Applicable
Business Details
Fully Fitted Restaurant for Sale. Balham High Road. Lease and FF&E only
Fully Fitted Restaurant for Sale. Balham High Road. Lease and FF&E only
Property ID: RPS-23030
PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting viewing.
MAIN DETAILS
- Lease assignment – premium for Lease & Fixtures and Fittings
- Busy street of Balham High Road
- Ground floor: circa 577 sq.ft & basement: circa 764 sq. ft
- Benefits from gas, extraction & three phase supply
- Premises licence in place
LANDLORD’S REQUIREMENTS
- Guarantor required (subject to references)
- 3-6 month’s rent deposit required (subject to references)
- Other usual checks will be carried out
LEASE DETAILS
- Lease: Ending June 2036
- Current Rent: £45,000 per annum exclusive
- Rent review: Every 5 years
- Next rent review: June 2026
- Premium: £95,000 (Lease assignment & fixtures and fittings only)
THE PREMISES
- Ground floor: circa 577 sq.ft
- Basement: circa 764 sq. ft
- Seating capacity: Circa 50-60
- Benefits from gas, extraction & three phase
- Premises licence in place
- Rateable Value: 30,500
- Payable Rates: Circa £11,651/annum
The restaurant is presented in good condition and offer a turnkey opportunity suitable for a range of cuisine.
THE LOCATION
- Balham, SW12
- Busy street of Balham High Road
- Surrounded by residential, cafés, and independent retailers
- Few minutes from Balham Station
VIEWINGS & CONFIDENTIALITY
All interested buyers must have proof of funds to meet the premium and landlord’s requirements and 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 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.
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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.
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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.
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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.'.
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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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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
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