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Successful Restaurant For Sale In Wandsworth

Wandsworth, Greater London

Asking Price £55,000
Turnover £130,000

Business overview

DESCRIPTION: The property forms part of a newly developed mixed residential and commercial building. The unit has Class A1/A2 & A3 Use and is currently operating as an Italian Cafe. The premises is in excellent decorative condition having recently been refurbished and benefits from wood effect flooring, part plastered/part exposed brick finish, inset spot lighting, a galley style kitchen area, an open seating area with serving counter as well as a WC/washroom. The property also occupies a very prominent and visible corner position in the heart of Wandsworths town centre.

ACCOMMODATION: The property comprises the following approximate areas and dimensions:- Internal width 28'5" ( 8.7m) Shop front (incl. return) 34'10" (10.6m) Unit depth 26'4" ( 8.3m) Seating/serving area 600ft² (55.7m²) Galley Kitchen 75ft² ( 7.0m²) Store area 55ft² ( 5.1m²) WC/washroom

TENURE: The property is held on an effective full repairing and insuring lease for a term 15 years from March 2015 subject to upwards only rent reviews to open market rent on each 5th anniversary of the term.

RENT: £21,000 + VAT per annum exclusive

PREMIUM: Offers in the region of £55,000 for the benefit of the lease and the fixtures & fittings.

BUSINESS RATES: London Borough of Wandsworth Rateable Value (2010 list): £TBA Rates Payable (2015/2016) £TBA UBR 2015/2016 49.3p in the £

LEGAL COSTS: The ingoing tenant to be responsible for both parties reasonable legal costs, to include the landlords Licence To Assign costs.

Business details

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