Restaurant/cafe for sale in Balham High Road, London SW12

Restaurant for Sale in Balham High Road

Rent: £35,000 pax | Circa 1494 Sq. Ft (Ground Floor & Basement) | Lease: Ending Feb 2035

Main features

Sought After Location in Balham High Road
Modern Decor & Fully Fitted
Spread over Ground Floor & Basement
Spacious Kitchen in the Basement
Tenant Only Break Clause at Fifth Year (Feb 2025)
Permitted Opening Hours: No Restrictions

Lease details

Lease Ending Feb 2035 (Inside the Act)
Rent: £35,000 pax
Rent Review Term: Every 5 years
Next Rent Review: Feb 2025
Premium: £190,000* (Lease & fixtures & fittings only)

Premises

EPC Rating: D
Total Area Circa 1494 Sq. Ft (Ground Floor: 879.41 & Basement: 614.59 Sq. Ft)
Benefits form Extraction
Circa: 50-60 covers
Rateable Value: £28,750 (Payable Business Rates: Circa 14,000 per annum)
Both On & Off Premises Licence: 10am till 12am & Sun: 12pm till 11:30pm
Permitted Opening Hours: No Restrictions
Current Opening Hours: 5:30pm till 11pm

The location

Balham High Road, SW12
03. Mile from Balham Train Station
Busy Road with Passing Trade
Immediate Units Occupied by National & Independent retailers

Trading

Turnover: Gross £364,000/annum (Circa £7,000/week) as per the seller
Current Trading Hours: 5:30pm to 11:30 pm
UberEATS, Deliveroo & JustEat

Reason for sale

Other businesses

landlord’s requirement

Rent Deposit Required (subject to references)
Bank, Trade & Accountant’s Reference required
Evidence of financial credibility

Viewings & confidentiality

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client. Viewings are 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.