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Fully Fitted Restaurant In Greenwich. Circa 2500 Sq.ft For Sale

Greenwich, London, UK
Asking Price:
£199,000
Turnover:
£416,000
Net Profit:
Not applicable

Fully Fitted Restaurant for Sale in Greenwich. Circa 2500 Sq.ft

Property ID: RPS-22944

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

MAIN DETAILS

Circa 2500 sq. ft with 120-150 covers
Spread over one level
Fully fitted commercial kitchen with extraction in place
Riverside location with excellent view
No gas but three phase supply in place
Benefits from Premises licence

LANDLORD’S REQUIREMENTS

Guarantor may be required (subject to references)
6 month’s rent deposit required (subject to references)
Other usual checks will be carried out

LEASE DETAILS

Lease: Ending in Feb 2036 (Outside the Act of 1954)
Current rent: £42,500 plus VAT per annum
Service charge: £10,000 plus VAT per annum
Rent review: Every 5 years
Next rent review: Feb 2026
Premium: £199,000 (Business, Lease & fixtures and fittings)

THE PREMISES & BUSINESS

Circa 2500 sq. ft
Covers: Circa 120-150 restaurant with premises licence
Benefits from extraction & three phase
Current Business Rates: Circa £8,000/annum
We have been informed that the business currently generates a gross revenue of circa £8,000 per week

THE LOCATION

Greenwich, SE10
Riverside location with excellent view
O2 arena 1.7 miles & Cutty Sark 0.7 mile away

VIEWINGS & CONFIDENTIALITY

All interested buyers must have proof of funds to meet the premium and landlord’s requirements.

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client.

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 in Feb 2036 (Outside the Act of 1954)
Current rent: £42,500 plus VAT per annum
Service charge: £10,000 plus VAT per annum
Rent review: Every 5 years
Next rent review: Feb 2026

Leasehold Rent:

£42,500 per annum

Location:

Greenwich, SE10
Riverside location with excellent view
O2 arena 1.7 miles & Cutty Sark 0.7 mile away

Premises Details:

Circa 2500 sq. ft
Covers: Circa 120-150 restaurant with premises licence
Benefits from extraction & three phase
Current Business Rates: Circa £8,000/annum
We have been informed that the business currently generates a gross revenue of circa £8,000 per week

Size in square feet:
2500 sq. ft