Restaurant for Sale in St John's Wood NW8 with 1,292 sq. ft and long lease until 2040
South Hampstead, London
- Status
FOR SALE
- Advert ID
658104
- Reference
RPS-23366 / Rightbiz
- Call Agent:
- Leasehold: £75,000 (Stock at valuation)
- Rent: £35,000 (£2,917 per month)
- Turnover: £140,400 (£2,700 per week)
- Profit: Not Applicable
Key Features
- Leasehold with rent reviews
- Leasehold with premium
- Licensing and permissions in place
- Located in a desirable area
Business Details
Restaurant for Sale in St John’s Wood, NW8. Circa 1,292 sq. ft (ground floor & basement)
Restaurant for Sale in St John's Wood, NW8
Property ID: RPS-23366
PROPERTY & BUSINESS SNAPSHOT
Type
Restaurant & Cafe
Location
St John's Wood / South Hampstead border
Lease expiry
Ending in 2040 (Inside the 1954 Act)
Rent
£35,000 p.a. exclusive
Rent review
Every 5 years with next review due in 2030
Floor area
Circa 1,292 sq. ft (ground floor & basement)
Covers
Circa 36 covers with some outdoor space
Rateable value
33,500
Business rates payable
Circa £12,797 per annum
Permitted use
Restaurant (Class E)
Annual Turnover
Circa £140,400 (circa £2,700/week)
Ancillary
Gas, extraction & premises licence
Premium
£75,000 (Lease and FF&E)
LANDLORD’S REQUIREMENTS
- Guarantor required (subject to references)
- 6 month's rent deposit required (subject to references)
- Other usual checks will be carried out
MAIN DETAILS
- Situated in an exclusive St John's Wood location, this fully fitted restaurant accommodates approximately 36 covers on the ground floor with circa 673 sq. ft & fully fitted kitchen with circa 618 sq. ft in the basement.
- It benefits from gas, extraction and a premises licence, providing the essential infrastructure for restaurant and takeaway operations.
- The business generates an annual turnover of circa £140,400, equivalent to approximately £2,700 per week, and benefits from a long 14-year lease ending in 2040.
THE LOCATION
- It is an affluent, mostly residential catchment close to Abbey Road, with South Hampstead Overground and Swiss Cottage and St John's Wood tubes all close by.
- Offers an established mix of restaurants, cafés, shops and local amenities, creating an attractive environment for food and hospitality businesses.
- Local parade rather than a destination high street and brings a loyal neighbourhood customer base and good delivery demand from high-income households.
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.
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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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