Modern Décor & Fully Fitted Restaurant for Sale in West Kensington, London with Open Plan Kitchen & Premises Licence

Restaurant for Sale in West Kensington, London

Property ID: RPS-19686

PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting viewing.

MAIN FEATURES

Modern Décor & Fully Fitted
High Passing Trade
Open-plan Kitchen
Ground Floor & Basement
Circa 1,885 Sq. Ft

LEASE DETAILS

Lease Ending Feb 2037 (Inside LTA 1954)
Current Rent: £45,000 plus VAT
Rent Review Term: 5 years
Next Rent Review: Was due in Feb 2022
Premium: £160,000 (Goodwill, lease and fixtures & fittings)

LANDLORD’S REQUIREMENT

3-6 Month’s Rent Deposit Required (subject to references)
Personal Guarantor (subject to references)
Bank, Trade & Accountant’s Reference required
Evidence of financial credibility

PREMISES

Total Area Circa 1,885 Sq. Ft
Ground Floor: Circa 852 Sq. Ft
Basement: Circa 1,033 Sq. Ft
Total covers circa 80 (Ground Floor, Basement & Rear)
Benefits from 3-phase Electricity
Benefits from Premises Licence
Permitted Hours: 10 am till 11 pm
All appliances and facilities are in top working condition
EPC Rating C
Payable Business Rates: Circa £10,104/annum (Rateable Value: £20,250)

THE LOCATION

West Kensington, London
Very close to West Kensington Underground
Immediate units occupied by national and independent retailers

TRADING

Gross Sales: Circa £416,000/annum | £8,000/week (as per the seller)
Staff: TBC

POTENTIAL BUSINESS

Introducing a café or breakfast service in the mornings could increase the revenue stream.

VIEWINGS & CONFIDENTIALITY

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client. Viewings are 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 is issued without responsibility on the part of the firm therefore is 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.