Restaurant/cafe for sale in Fulham Rd, London, Fulham SW10

Cafe & Restaurant for Sale in Fulham, Chelsea

Rent: £56,000 pax | Area: Circa 1074 Sq. Ft (Ground, First Floor & Basement) | Lease Ending March 2032

Main features

Prominent location in Fulham Road
High Passing Trade throughout the Day
Fully Fitted Modern Restaurant & Kitchen
Circa 1074 sq. Ft (Ground, First Floor & Basement)
Premises Licence & Restaurant Use

Lease details

Lease: Ending March 2032
Passing Rent: 56,000 pax
Rent Review Term: Every 4 years
Next Rent Review: March 2024
Premium: 140,000 + sav (Business, Lease & ff&E)

Trading details

Currently trading as day time cafe
Trading Hours: 7:30am till 5pm
Turnover: Circa £182,000/year (£3,500/week)

Opportunities

Extending Opening Hours
Can Convert into a Restaurant
Introduce Dinner Menu with Alcohol

The location

Fulham Road, SW10
High Passing Trade
Several Retail Shops & Eateries nearby
Chelsea: 0.6 mile
Earls Court: 0.9 mile

The premises

Circa 1074 sq. Ft
Ground (Retail): 627 sq. Ft
First Floor (Kitchen): 261.5 sq. Ft
Basement (WC): 192. Sq. Ft
Covers: Circa 32
Restaurant & Cafe Use (New Use Class E)
Commercial Gas, Extraction & 3 Phase Electricity
Premises License
Permitted Hours: 10am till 12am
Rateable Value: £51,500 (Payable: Circa 26,368)

Reason for sale

Other Commitments: Our client signed the lease in March 2020. Since then he has successfully survived the most difficult period for the restaurant sector. Now he has invested in other opportunities and does not enough time to manage this business.

Landlord’s requirement

Preferably with Hospitality Background
Rent Deposit of 6 months subject to references
Bank, Trade & Accountant’s Reference required
Evidence of financial credibility

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 are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property