The restaurant is situated on a very busy main London high street in Tooting Broadway. There is a busy parade of mixed operators both A3 and retail. The area is also surrounded by densely populated residential properties. The main high street location allows for a generous amount of footfall and passing trade. The road on which the restaurant is set is just minutes away from the A24, an arterial a-road that runs into Central London.
The business was originally established by our client in 2014. The owner is now looking to sell the business, due to the desire to focus on other business commitments. The business runs as an authentic Moroccan restaurant offing the very best cuisine. There is an exceptional menu which includes koftas, fish platters, meatballs, lamb dishes, couscous, salads and a great selection of desserts. The restaurant is fully licenced and also stocks an array of wines, spirits and beers
A3 with alcohol licence
£139,950 Guide price for the benefit of the lease, fixtures, fittings and goodwill.
£25,000 per annum
Original lease length: 20 years. Remaining lease length: 17 years as of 2017
£12,000 per annum. However, all interested parties are encouraged to make their own enquiries with the local authority’s
Approximately 1646 sq ft
Monday: Closed -Tuesday - Friday: 6pm - 11pm -Saturday: 4pm - 11pm -Sunday: 4pm - 10pm
Owner managed with 4 staff
Current turnover in excess of £240,000 per annum approximately.
Available on request on viewings
To be confirmed
ENERGY PERFORMANCE CERTIFICATE:
Energy Performance Asset Rating is 80- D Rating. A copy of this property’s energy performance certificate is available on request
London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord
A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account
FIXTURE & FITTINGS:
Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition
London Properties for themselves for Lessors, Vendors and their agents, give notice that:-
1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.
2. These details do not constitute any part of an offer or contract.
3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.
4. All rent prices, fees and charges are quoted exclusive of VAT
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