LEASEHOLD LICENSED INDIAN RESTAURANT
SELF-CONTAINED 5-BEDROOM ACCOMMODATION OVER SUITABLE AS AN HMO
LOCATION
In a busy main road location close to Sanderstead mainline station, serving a vast, well-populated residential area.
BUSINESS
This is a well-established concern which has been in the same family's hands since 1992 and is only now for sale due to ill health. We are informed that the business has taken considerably more in the past before COVID and the vendor's health deteriorated. Although presented as an Indian, the premises would be suitable for a wide range of alternative styles if desired.
The self-contained accommodation above can be sublet to cover some or all of the rent of the whole premises. It requires a fire alarm system and risk assessment in order to operate as an HMO.
TURNOVER
We are advised the current turnover is £5,000 p/wk @ 65% GP.
We are also informed that the business previously took in the region of £10,000 p/wk pre-COVID.
STAFF
2 vendors plus 3 staff.
HOURS
4.00pm - 10.30pm Mon to Sat
12.00pm - 10.30pm Sun
PREMISES
Parade shop unit with single frontage and entrance fitted with an electric sun blind and steel roller shutter. Restaurant area: Attractively decorated and fitted with 36 covers, an air conditioning unit, and separate Ladies & Gents WC facilities, each with a hand wash basin. Servery counter to the rear fitted with a music system, EPOS till, stainless steel hand basin, shelving, and double-fronted chilled drinks display unit. Stairs to Large Basement: Dry and used for storage, shelving and a glass-fronted drinks chiller. Door from Servery to Kitchen: Fully tiled and fitted with a large 9-ring range with a stainless steel extractor unit above. Tandoori oven, stainless steel worktops, 2 microwave ovens, electrocutor, and a double stainless steel sink. Storeroom: 3 chest freezers, ice cream fridge, upright stainless steel fridge, and 3 upright freezers. Door to rear parking area for 2 vehicles/bin store.
LIVING ACCOMMODATION
Self-contained 5-bedroom accommodation arranged over the first and second floors, comprising 5 bedrooms, a kitchen and 2 bathrooms. The rooms can be let at between £750-£800 pcm.
TENURE
New 15-year lease to be granted to the ingoing tenant. Rent £42,000 pa (5-year reviews).
EPC RATING
Band D
BUSINESS RATES
Nil payable.
