Fully Fitted Restaurant for Sale in Croydon

  • Premium £25,000
  • £75,000/Annum
38-40 High St, Croydon CR0 1YB, UK
REDUCED AVAILABLE LEASE FOR SALE TO LET

Fully Fitted Restaurant for Sale in Croydon

38-40 High St, Croydon CR0 1YB, UK
  • Premium £25,000
  • £75,000/Annum

Description

Fully Fitted Restaurant for Sale in Croydon. Circa 4,423 Sq.ft


MAIN FEATURES

  • Fully Fitted Restaurant & Kitchen
  • Previous Occupiers include La Tasca & Preto Brazilian Steakhouse
  • High Street Location
  • Nearby occupiers include Nando’s  & Turtle Bay
  • Circa 4,423 sq. ft (Ground Floor & Basement)
  • Outdoor Seating available
  • Premises Licence in Place
  • Three Phase Electricity
  • Sale of Ltd Company or Option of New Lease

LEASE DETAILS

  • Existing Lease can be assigned or a New Lease can be granted
  • Existing under Ltd Company & Ending March 2042
  • Outside the Landlord & Tenant Act of 1954
  • Stepped Rent: From Jan 2024: £75,000, Jan 2025: £80,000 & Jan 2027: £85,000 + VAT
  • Next Rent Review: Jan 2028
  • Rent Review: Every 5 years
  • Rent Deposit (Subject to References)
  • Premium: £25,000 (For Fixtures & Fittings)

THE PREMISES

  • Ground Floor: Circa 3,146 Sq. Ft (Fully Fitted Restaurant & Kitchen)
  • Basement: Circa 1,277 Sq. Ft (Cold Room, WC, Office & Storage)
  • Alcohol Licence in Place
  • Three Phase Electricity in Place
  • Rateable Value: 62,000
  • Payable Business Rates: £7,936 (Retail Relief for year 2024/25)
  • EPC Rating: B

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 February 16, 2024 at 9:48 am
  • Price: Premium £25,000
  • Size: 4423 Sq. Ft
  • Covers: 120
  • Use: Restaurant
  • Type: RESTAURANTS, PUBS & BARS
  • Status: REDUCED, AVAILABLE

Overview

  • RESTAURANTS, PUBS & BARS
  • Type
  • 4423
  • Sq. Ft

Contact Information

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