Italian Pizzeria and Restaurant for Sale in Streatham – Circa 1384 with 60 Covers

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MAIN FEATURES

• Circa 1384 Sq. Ft (Basement and Ground Floor)
• Covers : 30 Indoor | 30 Outdoor (Summer only)
• Benefits from Gas and Extraction
• Alcohol licence in Place
• High footfall Area
• Large Shopfront & Great Visibility

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LANDLORD’S REQUIREMENTS

• 3-6 Months’ Rent deposit subject to references
• Personal Guarantor subject references
• Proof of funds
• Accountant’s references
• Trade references

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LEASE DETAILS

• Lease Ending October 2027 (Inside the LTA 1954)
• Passing Rent: £21,600 plus VAT
• Rent Review : Every 5 years
• Next Rent Review: October 2027
• Premium: £165,000 (Business, Lease & FF&E)

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THE PREMISES

• Circa 1384 Sq. Ft (Basement and Ground Floor)
• Covers : 30 Indoor | 30 Outdoor (During Summer)
• Rateable Value: 22,000 (Payable Rates: £10,978)
• Benefits from Gas and Extraction 
  
• Single phase Electric Power
• Alcohol Licence
• Permitted Hours: 11 till 12am

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THE LOCATION

• Streatham, London SW2
• 0.2 miles to Streatham Hill
• 1.2 mile to Balham

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TRADING & FINANCIALS

• Trading as a Italian Pizzeria, Restaurant and Bar
• Gross Sales Revenue: Circa £6,500/weekly (£338,000/year) (As per the vendor)
• Currently our client manages the restaurant with 5 full time staff including 2 owners and 2 Part time staff

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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 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.

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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.