Featured Brokers
CONFIDENTIAL
FOR SALE
658829
Clapham High Street / Rightbiz
Fully Fitted 54 cover Restaurant | Approx. 1,368 sq ft ground floor only | New Lease Available | Premium Required
DESCRIPTION
An excellent opportunity to acquire a long-established restaurant, trading over 60 years occupying a prominent position on Clapham High Street.
The premises provide approximately 1,368 sq ft of ground-floor accommodation, benefiting from an attractive frontage with bi-folding doors opening directly onto Clapham High Street.
The main restaurant accommodates 38 covers, with a further 16 covers in a separate rear dining area adjacent to the kitchen, ideally suited to private dining, parties and group bookings.
The opportunity would suit an incoming operator wishing to continue the existing business or introduce their own restaurant or alternative food and beverage concept, subject to any necessary planning, licensing and landlord consents.
LOCATION
The premises occupy a position on Clapham High Street, one of South London's most established restaurant, bar and leisure destinations.
The surrounding area benefits from a strong mix of restaurants, cafés, bars and independent businesses, serving the surrounding residential population.
Clapham Common and Clapham North Underground stations, together with Clapham High Street Overground station, provide excellent transport connections.
ACCOMMODATION
The premises provide approximately 1,368 sq ft (127.1 sq m) of ground-floor accommodation, comprising:
Restaurant and customer seating areas
Kitchen
Ancillary storage and preparation areas
All areas are approximate and subject to verification.
TERMS
The premises are available by way of a new lease, on terms to be agreed.
RENT
£70,000 per annum exclusive
PREMIUM:
Offers in excess of £100,000
BUSINESS & FIXTURES AND FITTINGS
The sale includes the existing business goodwill, together with the fixtures, fittings and equipment at the premises.
The premises and their contents will be handed over as seen.
PREMISES LICENCE
The premises benefit from an existing premises licence permitting the sale of alcohol for consumption on the premises:
Monday – Saturday: 11am – 2am
Sunday: 12 noon – 1.30am
Late-night refreshment is also permitted until 2am Monday to Saturday and 1.30am on Sundays.
The licence is subject to its existing conditions, including restrictions relating to alcohol being ancillary to table meals. A copy is available on request.
BUSINESS RATES
Rateable Value: £44,750
Rates payable: £17,094
Interested parties should make their own enquiries regarding rates payable and any applicable relief.
HOLDING DEPOSIT
A holding deposit will be required upon agreement of terms to secure the premises and provide the prospective tenant with a period of exclusivity. The deposit amount and associated terms will be confirmed at the appropriate stage.
FURTHER INFORMATION
Further details are available to bona fide enquiries.
Interest is invited from established restaurant operators and suitably funded new entrants with a credible business proposal.
Prospective purchasers may be asked to provide details of their proposed concept, relevant experience and financial standing before further information is released or viewings arranged.
STRICTLY CONFIDENTIAL – STAFF MUST NOT BE APPROACHED
The premises remain open and trading. Interested parties must not approach staff or make enquiries directly at the restaurant regarding its availability.
All enquiries and viewings must be arranged strictly through the appointed agent.
MKR Property
Marc Rogers
07816 764 653
[email protected]
www.mkrproperty.co.uk
All areas and information are approximate and provided for guidance only. Interested parties should satisfy themselves as to the accuracy of the particulars and obtain their own professional advice regarding the lease, licensing, planning and suitability of the premises for their intended use.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
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