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Restaurant And 3 Bedroom Flat In London/ Croydon For Sale

Croydon, London
Asking Price:
£130,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
£100K - £200K
Net Profit:
Under £50K

Very nicely renovated restaurant lease for sale with the restaurant a large 3 bedroom flat comes with it.

Restaurant is a family run successful restaurant how ever due to personal reasons need to sell. Restaurant is decorated at a very high standard with top quality furniture. Kitchen is fully equipped and ready to go. Is currently trading.

Restaurant is currently an Indian restaurant fully licensed and air conditioned. Can be turned into any other cuisine and will still work fantastically. Sad to sell up.

Based in a busy parade. In a nice area with high quality customers. Takeaway/delivery service is very successful.

Rent is £20,500 a year. No rates (small business rates relief)

11-12 years open lease so will not be and issue to get the lease Renewed. 4/5 yearly rent review.

All fixtures and fittings will be included in sale.

Good and highly skilled management required to improve business has a lot of potential as we done very good business last year. With good management easily double maybe triple business.

Planning permission has been granted to extend restaurant and make bigger adding an additional 10-15 covers how ever isn't a requirement.

Very spacious 3 bedroom flat above restaurant with separate entrance included. Recently upgraded all flooring around the flat. Newly fitted shower and toilet. Currently rented out and earns 85% of rent so very little money is added qaurtley.

Pictures will only be shown to serious buyers once we have spoke. Viewings only by appointment and can be arranged via my phone number.

Can discuss figures in more detail when we speak.

More information available upon request, please contact seller below for further details.

Property information

Property:

Leasehold

Lease Terms:

11/12 years open/renewable lease.

Leasehold Rent:

£20,500 per annum

Living Accommodation:

Very spacious 3 bedroom flat above restaurant with separate entrance included. Recently upgraded all flooring and newly fitted new shower and toilet. Currently rented out and earns 85% of rent so very little money is added qaurtley.

Location:

Busy main road with passing trade and a lot of passing traffic.

Planning Consent:

Full licences for a restaurant and drinks bar. Takeaway and delivery permission.

Business Operation

Expansion Potential:

Planning permission has been granted to extend restaurant and make bigger adding an additional 10-15 covers how ever isn't a requirement.

Reasons for selling:

Personal reasons.

Trading hours:

Open 7 days a week.

5.30-10.30 monday-thursday
5-11 Friday and Saturday
2-10 sunday

Employees:
8
Years established:
1 year in my hand, has been a restaurant for over 10 years.

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