100 Cover Restaurant for sale in South Croydon with Premises Licence

100 Cover Restaurant for sale in South Croydon. Circa 2966.53 Sq. ft

Property ID: RPS-21202

MAIN FEATURES

Ground Floor : Circa 2,090.99 sq. ft
Basement: Circa 875.53 sq. ft
Fully Fitted Commercial Kitchen
Gas & Extraction in Place
Circa 100 Covers
Premises Licence in Place

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 : December 2040 (Inside the Act of 1954)
Rent: £43,000 PAX
Rent Review: Every 5 years
Next Rent Review: December 2025
Premium: £90,000 (Business, Lease & FF&E) + SAV

THE PREMISES

Ground Floor : Circa 2,090.99 sq. ft
Basement: Circa 875.53 sq. ft
Circa 100 Covers
Payable Business Rates: Circa £19,960/annum (Rateable Value: £40,000)
Fully Fitted Commercial Kitchen
Gas & Extraction in Place
Premises Licence in Place

THE BUSINESS

Gross Revenue: We have been informed that the business generates gross revenue of circa £468,000 per annum (£9,000/week).

THE LOCATION

South Croydon CR0
0.4 mile from South Croydon Train Station
0.9 mile from East & West Croydon
Adjacent to Multiple Retailers

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.