Contact this seller
Go back

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

  • Property type
  • Net profit
  • Accommodation
  • Staff
  • Rent per annum

Business details are only visible to logged in users. Log in or Sign up to continue.

Location restricted Log in or Sign up to view maps

Contact this seller

To view full details of this business Log in or contact the seller below.

Contact this seller