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80 covers Cafe With New-lease In Fulham Palace Road For Sale

Fulham, London, UK
Asking Price:
£60,000
Turnover:
£208,000
Net Profit:
Not applicable

Cafe for Sale in Fulham Palace Road

MAIN FEATURES:

Busy Location in Fulham Palace Road
Grant of New Lease
Five-Star Hygiene
Benefits from Extraction & Alcohol Licensure
Circa 836 Sq. ft. (Ground Floor: 484 | Basement: 344)
Total Coverage: Circa 60 (Front & Rear)

LEASE DETAILS:

15-year new lease (Outside the LTA 1954)
Rent: £27,500 PAX
Rent Review Term: Every 5 years
Next Rent Review: TBC
Premium: £60,000 (Business, Lease, fixtures & fittings)

PREMISES:

EPC Rating: D
Ground Floor: Circa 484 Sq. Ft (Kitchen & 60 Covers)
Basement: Circa 344 Sq. Ft (Storage)
Extraction & Gas Connection in Place
Rateable Value: £25,000 (Payable: Circa £12,500/annum)
Benefits from Premises Licence

THE LOCATION:

Fulham Palace Road, W6
Hammersmith: 0.2 mile
Charing Cross Hospital: 0.2 mile
West London College: 0.6 mile
Fulham Football Stadium: 1.1 mile
High Passing throughout the day

TRADING:

Turnover: Circa £4,000/week (£208,000/year) as per the seller
Trading Hours: 6am till 8pm (Sunday Closed)

REASON FOR SALE:

Retirement Sale

LANDLORD’S REQUIREMENT:

Must have a hospitality background
Rent Deposit of 3-6 months (non-negotiable)
Bank, Trade & Accountant’s references are required
Evidence of financial credibility

VIEWINGS AND CONFIDENTIALITY:

All interested buyers must agree to a 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 to 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.

Property Information

Property:

Leasehold

Lease Terms:

15 years new lease (Outside the LTA 1954)
Rent: £27,500 PAX
Rent Review Term: Every 5 years
Next Rent Review: TBC

Leasehold Rent:

£27,500 per annum