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 viewing.
MAIN FEATURES
Area: Circa 2,100Sq. 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 PAX
Rent Review Term: 5 years
Next Rent Review: Dec 2027
Premium: £290,000 (Business, Lease and Fixtures & Fittings)
LANDLORD’S REQUIREMENT
6 Month’s
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: Opens 11am. Closes 2am (Friday-Saturday) & 12am (other days).
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 agree to a Non-Disclosure Agreement due to the confidentiality requested by the client. Viewings are strictly by appointment only.
DISCLAIMER
The above information is provided by the seller and is not to be relied upon as statements of fact. Any intending purchaser must satisfy themselves as to the correctness of each statement.
