Restaurant for Sale Walworth Road, Southwark

  • Premium £150,000
  • £20,500/Annum
Walworth Road, London
AVAILABLE BUSINESS & LEASE FOR SALE

Restaurant for Sale Walworth Road, Southwark

Walworth Road, London
  • Premium £150,000
  • £20,500/Annum

Description

Fully Fitted Restaurant for Sale in Walworth Road SE1, Southwark


MAIN FEATURES

  • Busy Street & High Passing Trade
  • Fully Fitted Restaurant
  • Benefits from Premises Licence
  • Suitable for any kind of restaurant or cafe
  • Circa 1506 Sq. ft
  • Spread over Ground Floor & Basement

LANDLORD’S REQUIREMENTS

  • Three to Six month’s rent deposit subject to references
  • Proof of funds
  • Accountant’s references
  • Trade references

LEASE DETAILS

  • Lease: Ending September 2033 (Inside the Act 1954)
  • New Rent: £20,500 PAX
  • Rent Review: Every 5 years
  • Next Rent Review: September 2023
  • Premium: £150,000 (Business, Lease & FF&E)

THE LOCATION

  • Walworth Road, SE1, Southwark
  • Busy Street with Footfall
  • Immediate Units occupied by national as well as independent retailers

TRADING & FINANCIALS

  • Gross Sales Revenue: Circa £5,000 per week (£260,000/year) (As per the seller)
  • We have been informed that the restaurant currently operates with 5 staff including the owner

THE PREMISES

  • Total Area Circa 1506 sq. ft (Ground Floor & Basement)
  • Ground Floor: Circa 888 Sq. ft with 40-45 covers
  • Basement: Circa 621 sq. ft (Walk-In Fridge & Storage )
  • Rateable Value: £17,500
  • Payable Business Rates: £2,500 (Eligible for discount for this year (2023)
  • Alcohol Licence
  • Fully equipped commercial kitchen

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 April 28, 2023 at 8:27 pm
  • Price: Premium £150,000
  • Size: 1506 Sq. Ft
  • Covers: 45
  • Use: Restaurant
  • Type: RESTAURANTS, CAFES
  • Status: AVAILABLE

Overview

  • RESTAURANTS, CAFES
  • Type
  • 1506
  • Sq. Ft

Contact Information

RPS_Agent
  • RPS_Agent

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