London Properties are pleased to offer to the market this restaurant is situated on a very
Details

LOCATION:

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.

DESCRIPTION:

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

USES:

A3 with alcohol licence

PREMIUM:

£139,950 Guide price for the benefit of the lease, fixtures, fittings and goodwill.

RENTAL:

£25,000 per annum

TERMS:

Original lease length: 20 years. Remaining lease length: 17 years as of 2017

BUSINESS RATES:

£12,000 per annum. However, all interested parties are encouraged to make their own enquiries with the local authority’s

SIZE:

Approximately 1646 sq ft

OPENING HOURS:

Monday: Closed -Tuesday - Friday: 6pm - 11pm -Saturday: 4pm - 11pm -Sunday: 4pm - 10pm

STAFF:

Owner managed with 4 staff

TURNOVER:

Current turnover in excess of £240,000 per annum approximately.

ACCOUNTS:

Available on request on viewings

LEGAL COST:

To be confirmed

LOCAL AUTHORITY:

Wandsworth

ENERGY PERFORMANCE CERTIFICATE:

Energy Performance Asset Rating is 80- D Rating. A copy of this property’s energy performance certificate is available on request

COVERS:

45 Covers

REFERENCE CHARGE:

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

HOLDING DEPOSIT:

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

AGENT NOTE:

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

VIEWINGS:

Through London Properties by appointment only.

Listing Code kgDm2U5LdqE
Business Tenure LeaseHold
Listing Type Seller
Click for Contact Details
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09/10/2018 Tooting, London