Restaurant for Sale in St. Johns Hill, Wandsworth

  • Premium £95,000
  • £47,500/Annum
St John's Hill, London, UK
AVAILABLE BUSINESS & LEASE FOR SALE

Restaurant for Sale in St. Johns Hill, Wandsworth

St John's Hill, London, UK
  • Premium £95,000
  • £47,500/Annum

Description

Restaurant for Sale in St. Johns Hill, Wandsworth. Circa 1,253 Sq. Ft.


MAIN FEATURES

  • Sought after Location in St. John’s Hill, Wandsworth
  • Circa 1,253 sq. ft
  • Circa 50 Covers Restaurant
  • Great Visibility
  • Fully Fitted Commercial Kitchen
  • Premises Licence in Place
  • Outdoor Seating Available
  • Street Car parking Available

LANDLORD’S REQUIREMENTS

  • Personal Guarantor Required (Subject to references)
  • 3-6 Months Rent Deposit Subject to References
  • Accountant’s references
  • Trade references

LEASE DETAILS

  • Lease: Ending June 2029 (Inside the Act of 1954)
  • Rent: £47,500 PAX Review Every 5 Years
  • Next Rent Review: June 2024
  • Premium: £95,000 (Business, Lease & FF&E) + SAV

THE PREMISES

  • Circa 1,253 sq. ft
  • Circa 50 Covers Restaurant
  • Payable Business Rates: Circa £24,825/annum (Rateable Value: £49,750)
  • Currently paying £1,000 per month due to Retail Relief
  • Fully Equipped Commercial Kitchen
  • Gas & Extraction in Place
  • Premises Licence in Place
  • Permitted Hours (8am till 12am & 10am till 12am)

THE BUSINESS

  • We have been informed that the restaurant generates gross revenue of circa £260,000 per annum (£ 5,000/week).
  • Current Opening Hours: Mon- Fri(5pm-10pm),  Sat (12pm–11 pm) & Sun( 12pm–5 pm) .
  • Our Client manages the Restaurant with 3 Full-Time Staff and 1 Part Time Staff.
  • Trading over 8 Years

THE LOCATION

  • St. John’s Hill, Battersea SW11 
  • 0.3 mile to Clapham Junction Station
  • Several independent cafes & restaurants making it a vibrant eatery destination

REASON FOR SALE

  • Retirement Sale

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 13, 2024 at 8:44 am
  • Price: Premium £95,000
  • Size: 1253 Sq. Ft
  • Covers: 50
  • Use: Restaurant
  • Type: RESTAURANTS, CAFES
  • Status: AVAILABLE

Overview

  • RESTAURANTS, CAFES
  • Type
  • 1253
  • Sq. Ft

Contact Information

RPS_Agent
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