Restaurant for Sale in St. John's Hill, Battersea
Property ID: RPS-21869
PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting a viewing.
MAIN FEATURES
Area: Circa 2,100 sq. ft.
Fully Fitted Commercial kitchen
Gas & Extraction in Place
Benefits from Premises Licence
LEASE DETAILS
Lease Ending Dec 2042 (Inside LTA 1954 Act)
Current Rent: £64,000 p.a.
Rent Review Term: 5 years
Next Rent Review: Dec 2027
Premium: £290,000 (Business, Lease and Fixtures & Fittings)
LANDLORD’S REQUIREMENT
6 Months' Rent Deposit Required (subject to references)
Bank, Trade & Accountant's Reference required
Evidence of financial credibility
PREMISES
Area: Circa 2,100 sq. ft.
Fully Fitted Commercial kitchen
Gas & Extraction in Place
Benefits from Premises Licence
Permitted Hours: Licensed to open from 11 am, closing at 2 am on Fridays and Saturdays and 12 am on other nights.
EPC Rating: B
Business Rates: Circa £23,952/annum (Rateable Value: 48,000)
Retail Relief discount applied. Hence they are paying less this year.
THE BUSINESS
Gross Revenue: We have been informed that the business generates gross revenue of circa £390,000 per annum (£7,000-8,000/week).
THE LOCATION
St. John's Hill, Battersea
Immediate units are occupied by several national retailers
Excellent Location
VIEWINGS & CONFIDENTIALITY
All interested buyers must sign 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 with our Terms & Conditions.
DISCLAIMER
The above information is provided by the seller and is issued without responsibility on the part of the firm and therefore should not be relied upon as statements of fact. Any intending purchaser must satisfy themselves as to the correctness of each statement. Neither the firm nor any of its employees have any authority to make or give, any representation or warranty whatever in relation to this property.
