Restaurant for Sale in Balham High Road

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Rent: £35,000 PAX | Circa 1494 Sq. Ft (Ground Floor & Basement) | Lease: Ending Feb 2035 

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MAIN FEATURES

• Sought After Location in Balham High Road
• Modern Decor & Fully Fitted
• Spread over Ground Floor & Basement
• Spacious Kitchen in the Basement
• Tenant Only Break Clause at Fifth Year (Feb 2025)
• Permitted Opening Hours: No Restrictions

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LEASE DETAILS 

• Lease Ending Feb 2035 (Inside the Act)
• Rent: £35,000 PAX
• Rent Review Term: Every 5 years
• Next Rent Review: Feb 2025

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PREMISES

• EPC Rating: D
• Total Area Circa 1494 Sq. Ft (Ground Floor: 879.41 & Basement: 614.59 Sq. Ft)
• Benefits form Extraction
• Circa: 50-60 covers
• Rateable Value: £28,750 (Payable Business Rates: Circa 14,000 per annum)
• Both On & Off Premises Licence: 10am till 12am & Sun: 12pm till 11:30pm
• Permitted Opening Hours: No Restrictions
• Current Opening Hours: 5:30pm till 11pm

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THE LOCATION

• Balham High Road, SW12
• 03. mile from Balham Train Station
• Busy Road with Passing Trade
• Immediate Units Occupied by National & Independent retailers

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TRADING

• Turnover: Gross £700,000/annum (Circa £13,500/week) as per the seller
• Current Trading Hours: 5:30pm to 11:30 pm
• UberEATS, Deliveroo & JustEat

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REASON FOR SALE

• Other businesses

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LANDLORD’S REQUIREMENT

• Rent Deposit Required (subject to references)
• Bank, Trade & Accountant’s Reference required
• Evidence of financial credibility

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VIEWINGS & CONFIDENTIALITY

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client. Viewings are strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.

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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.