Freehold Cafe Restaurant With Flats & Excellent Takings For Sale

Business description

L/H OR F/H CAFE/RESTAURANT + 2 FLATS – NEAR WANDSWORTH, S.W. LONDON.

LOCATION: Well positioned on busy main road and is close to station. The premises is surrounded by a pleasant good class residential area and several bus routes pass.

DESCRIPTION:Prominently sited double shop unit occupies an excellent corner position and has approximately 34’-6” wide frontage. Internally the 1,000 sq ft ground floor comprise a 60/80 seater cafe/restaurant which is air-conditioned and has stained wood floor planking, plus a high ceiling with recessed spotlights. There is a large, fully tiled kitchen at the rear, plus a store with door out to a walled yard at the side of the premises. Ladies/gents toilets and washroom are situated at rear of seating area and there is a hatch close to kitchen entrance with stairs down to a 330 sq ft basement comprising an office and general storage area.

EQUIPMENT:The business has an extensive range of trade equipment and a full inventory will be available for purchase.

BUSINESS:This thriving business is taking £7,500 per week. In addition, there is £2,450 per calendar month rental income from 2 flats. The business is in a sought after area so there is potential for higher takings. Also scope to extend premises if freehold purchased.

HOURS:Mon-Sat 6.00 am to 3.00 pm & 6.00 pm to 11.00 pm; Sun 8.00 am to 3.00 pm.

ACCOMM: Flat 1: Separate side entrance:- C/H and double glazing
First Floor: - Living room; kitchen; 2 double bedrooms; bathroom/toilet.

Flat 2: Separate side entrance:- C/H and double glazing;
Basement :- Living room; Ground Floor:- Kitchen;
First Floor: - 3 double bedrooms; bathroom/toilet.

TENURE: The premises is available as a lock-up with a brand new 20 years lease and initial rent of £32,000 per annum and reviews every 4 years or freehold which includes 2 self contained flats.

RATES:Business rates payable are approx £4,500 per annum.

PRICE:£224,950 L/H Lockup or £1,299,950 F/H with 2 flats.

Property information

Property:

Freehold

Lease terms:

The premises is available as a lock-up with a brand new 20 years lease and initial rent of £32,000 per annum and reviews every 4 years or freehold which includes 2 self contained flats.

Living accommodation:

Freehold purchase only: Flat 1: Separate side entrance:- C/H and double glazing First Floor: - Living room; kitchen; 2 double bedrooms; bathroom/toilet. Flat 2: Separate side entrance:- C/H and double glazing; Basement :- Living room; Ground Floor:- Kitchen; First Floor: - 3 double bedrooms; bathroom/toilet.

Location:

Well positioned on busy main road and is close to station. The premises is surrounded by a pleasant good class residential area and several bus routes pass.

Other information

Expansion potential:

Scope to extend premises if freehold purchased.

Support & training:

Full support and training included

Reasons for selling:

Moving away.

Trading hours:

Mon-Sat 6.00 am to 3.00 pm & 6.00 pm to 11.00 pm; Sun 8.00 am to 3.00 pm.

Financing available:

Finance provided to the right purchaser

Contact the seller