Cafe & Restaurant for Sale in Fulham, Chelsea

  • Leasehold £140,000
  • £56,000/Annum
Fulham Road, London, UK
AVAILABLE BUSINESS & LEASE FOR SALE

Cafe & Restaurant for Sale in Fulham, Chelsea

Fulham Road, London, UK
  • Leasehold £140,000
  • £56,000/Annum

Description

Cafe & Restaurant for Sale in Fulham, Chelsea


Rent: £56,000 PAX | Area: Circa 1074 Sq. ft (Ground, First Floor & Basement) | Lease Ending March 2032


MAIN FEATURES

  • Prominent location in Fulham Road
  • High Passing Trade throughout the Day
  • Fully Fitted Modern Restaurant & Kitchen
  • Circa 1074 sq. ft (Ground, First Floor & Basement)
  • Premises Licence & Restaurant Use

LEASE DETAILS

  • Lease: Ending March 2032
  • Passing Rent: 56,000 pax
  • Rent Review Term: Every 4 years
  • Next Rent Review: March 2024
  • Premium: 140,000 + SAV (Business, Lease & FF&E)

TRADING DETAILS

  • Currently trading as day time cafe
  • Trading Hours: 7:30am till 5pm
  • Turnover: Circa £182,000/year (£3,500/week)

OPPORTUNITIES

  • Extending Opening Hours
  • Can Convert into a Restaurant
  • Introduce Dinner Menu with Alcohol

THE LOCATION

  • Fulham Road, SW10
  • High Passing Trade
  • Several Retail Shops & Eateries nearby
  • Chelsea: 0.6 mile
  • Earls Court: 0.9 mile

THE PREMISES

  • Circa 1074 sq. ft
  • Ground (Retail): 627 sq. ft
  • First Floor (Kitchen): 261.5 sq. ft
  • Basement (WC): 192. sq. ft
  • Covers: Circa 32
  • Restaurant & Cafe Use (New Use Class E)
  • Commercial Gas, Extraction & 3 Phase Electricity
  • Premises License
  • Permitted Hours: 10am till 12am
  • Rateable Value: £51,500 (Payable: Circa 26,368)

REASON FOR SALE

  • Other Commitments: Our client signed the lease in March 2020. Since then he has successfully survived the most difficult period for the restaurant sector. Now he has invested in other opportunities and does not enough time to manage this business.

LANDLORD’S REQUIREMENT

  • Preferably with Hospitality Background
  • Rent Deposit of 6 months subject to references
  • Bank, Trade & Accountant’s Reference required
  • Evidence of financial credibility

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.

  • Address Fulham Road
  • City London
  • Post Code SW10
  • Area Fulham, Hammersmith

Details

Updated on October 12, 2022 at 8:38 pm
  • Price: Leasehold £140,000
  • Size: 1074 Sq. Ft
  • Covers: 32
  • Use: Cafe & Restaurant
  • Type: RESTAURANTS, CAFES
  • Status: AVAILABLE

Overview

  • RESTAURANTS, CAFES
  • Type
  • 32
  • Covers
  • Cafe & Restaurant
  • Use
  • 1074
  • Sq. Ft

Contact Information

RPS_Agent
  • RPS_Agent

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