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Established 42covers Italian Restaurant In Twickenham For Sale

Twickenham, Middlesex, UK
Asking Price:
£68,000
Turnover:
£156,000
Net Profit:
Available on request

Established Italian Restaurant for Sale in Twickenham (Home of Rugby)

MAIN FEATURES

Established over 25 years & authentic Italian Restaurant
Ideally positioned in corner offering High Visibility
Situated in affluent area of Twickenham
Circa of 42 Covers with a large basement
Gas & Extraction in Place
3-Phase Electricity in Place
Street Car Parking Available


LEASE DETAILS

Lease: Ending October 2033 (Inside the Act of 1954)
Rent: £25,000/year reviewed every 5 years
Next Rent Review: July 2027
Premium: 68,000 (Business, Lease & FF&E)

THE PREMISES

Circa 1292 sq. ft with circa of 42 Covers
Ground Floor: 813.01 Sq. Ft | Basement: 478.99 Sq. Ft
Gas & Extraction in Place
3-Phase Electricity in Place
Rateable Value: £21,750 (Payable Rates: Circa £10,853/annum)
Premises Licence in Place
Permitted Hours: (11am till 11pm)

THE BUSINESS

Gross Turnover: 2,500 to 3,000 per week
Current Opening Hours: Tues – Sat (12pm-2:30pm & 5:30pm-11pm) & Mon(12pm – 11pm)
Trading since 25 Years
Selling due to Personal Reasons

THE LOCATION

Twickenham TW1
Nearby Offices & Schools
0.3 miles to Twickenham Station
0.7 miles to St Margaret’s

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.

Property Information

Property:

Leasehold

Lease Terms:

Lease: Ending October 2033 (Inside the Act of 1954)
Rent: £25,000/year reviewed every 5 years
Next Rent Review: July 2027

Leasehold Rent:

£25,000 per annum