Pizzeria & Cafe for Sale in Wallington, Sutton

  • Leasehold £99,000
  • £22,000/Annum
Wallington, Sutton, South London

Description

Modern & Newly Fitted Pizzeria & Cafe for Sale in Sutton, South London


Rent: £22,000 PAX | Area: Circa 925 Sq. ft (Ground Floor & Basement) | Lease: September 2035


MAIN FEATURES

  • Newly Fitted & Modern Decor
  • Benefits from Extraction
  • No Gas, Electric only
  • Basement Storage of Circa 333 sq. ft

LEASE DETAILS

  • Lease: Ending September 2035 (Inside the LTA 1954)
  • Passing Rent: 22,000 pax
  • Rent Review Term: Every 5 years
  • Next Rent Review: September 2025
  • Premium: 99,000 + SAV (Business, Lease & FF&E)

TRADING DETAILS

  • Currently trading as day time cafe
  • Staff: 02 plus 1 owner
  • Trading Hours: 9am till 6pm (Monday Closed)
  • Turnover: Circa £182,000/year (£3,500/week) (as per the seller)

THE LOCATION

  • Wallington, Sutton, South London
  • Several Retail Shops & Eateries nearby

THE PREMISES

  • Circa 925 sq. ft
  • Ground Floor: 599 sq. ft
  • Basement (Storage): 333 Sq. Ft
  • Covers: Circa 28 | Deck: 10-15
  • Restaurant & Cafe Use (New Use Class E)
  • Extraction & 3 Phase Electricity
  • Rateable Value: £12,250 (Eligible for Rate Relief)
  • Fully fitted with new equipment and modern decor

REASON FOR SALE

  • Other Commitments: Our client signed the lease in September 2020. When he acquired the unit, it was a retail premises and was in disrepair condition. The unit since then has been converted into a modern cafe loved by the locals. Due to other commitments, our client would like to sell the business and the lease.

LANDLORD’S REQUIREMENT

  • A personal guarantor will be required
  • Rent Deposit of 3 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 Wallington, Sutton
  • City Surrey, London
  • Post Code SM6
  • Area Wallington

Details

Updated on November 17, 2022 at 6:19 pm
  • Price: Leasehold £99,000
  • Size: 925 Sq. Ft
  • Covers: 28 | Deck: 10-15
  • Use: Class E
  • Type: CAFES
  • Status: AVAILABLE

Overview

  • CAFES
  • Type
  • 28 | Deck: 10-15
  • Covers
  • Class E
  • Use
  • 925
  • Sq. Ft

Contact Information

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