Restaurant for Sale in Worcester Park. 2-bed flat with separate access
Property ID: RPS-23103
PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting viewing.
MAIN DETAILS
2-bed flat with separate rear access
Nearby occupiers include Pizza Express, Nando's & Cake box
Circa 1600 sq. ft (ground floor & basement)
Gas, extraction & premises licence in place
Fully fitted kitchen in the basement with food lift
Street parking available
LANDLORD’S REQUIREMENTS
Guarantor required (subject to references)
6 months’ rent deposit required (subject to references)
Other usual checks will be carried out
LEASE DETAILS
Lease: Ending May 2039 (Inside the Act of 1954)
Current Rent: £34,000 per annum exclusive
Rent review: Every 5 years
Next Rent Review: May 2029
Premium: £125,000 (Business, Lease & fixtures and fittings)
THE FLAT (UPPER PART)
2-bed flat with separate access
1 double bedroom, 1 single bedroom, 1 living room and open plan kitchen
Currently occupied by the owner's family
THE PREMISES
Circa 1600 sq. ft (ground floor & basement)
Ground floor area: Circa 1200 sq. ft (guidance only)
Covers: Circa 50-60
Gas, extraction & premises licence in place
New Rateable Value: 16,750
Payable Rates: Circa £6,398.5/annum (please confirm with local council)
THE BUSINESS
Gross Revenue: We have been informed that the business generates gross revenue of circa £208,000 per annum (£4,000/week).
Our client manages the restaurant with 1 full time & 4 part time staff.
THE LOCATION
Worcester Park, KT4
Street parking available
Few minutes from Worcester Park Station
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 is issued without responsibility on the part of the firm therefore is not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. Neither the firm nor any of its employees has any authority to make or give, any representation or warranty whatever in relation to this property.
