Italian Restaurant for Sale in Hammersmith

  • Premium £110,000
  • £24,000/Annum
King Street, Hammersmith, London, UK
AVAILABLE BUSINESS & LEASE FOR SALE

Italian Restaurant for Sale in Hammersmith

King Street, Hammersmith, London, UK
  • Premium £110,000
  • £24,000/Annum

Description

Award-Winning Italian Restaurant for Sale in Hammersmith


MAIN FEATURES

  • Multi-Award Winning Italian Restaurant
  • OpenTable’s Diners’ Choice Award (2018)
  • Situated in a Sought After Location in King Street
  • Well Maintained Kitchen & Restaurant
  • Previously Occupied by a Popular Daytime Cafe
  • Benefits from Rear Garden

LANDLORD’S REQUIREMENTS

  • 3-6 Months Rent Deposit Subject to References
  • Accountant’s references
  • Trade references

LEASE DETAILS

  • Lease: Ending Dec 2031 (Inside the LTA 1954)
  • Rent: £24,000 PAX reviewed every 4 years
  • Next Rent Review: Dec 2025
  • Premium: £110,000 (Lease, Business & FF&E)

THE PREMISES

  • Rear Garden
  • Circa 868 Sq. ft (Ground Floor & Mezzanine)
  • Rateable Value: 19,750 (Payable Rates: £9,000)
  • Circa 40 Covers spread over Ground Floor and Mezzanine
  • Fully Fitted Commercial Kitchen
  • On & Off Premises Licence in Place
  • Permitted Hours: 10am till 12am (Sun: 11:30pm)

THE BUSINESS

  • Currently trading limited hours only
  • Gross Sales: Circa £4,000/week (£208,000/year) (As per the seller)
  • Currently offering Dine-In only. Potential to increase sales by adding delivery business
  • Excellent reviews across several platforms
  • Multi-Award Winning Italian Restaurant

THE LOCATION


VIEWINGS & CONFIDENTIALITY

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.

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.

Details

Updated on September 12, 2023 at 1:11 pm
  • Price: Premium £110,000
  • Size: 868 Sq. ft
  • Covers: 40
  • Use: Restaurant
  • Type: RESTAURANTS, CAFES
  • Status: AVAILABLE

Overview

  • RESTAURANTS, CAFES
  • Type
  • 868
  • Sq. ft

Contact Information

RPS_Agent
  • RPS_Agent

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