Restaurant/cafe for sale in St. John's Hill, London SW11

Restaurant for Sale in St. Johns Hill, Wandsworth. Circa 1,253 Sq. Ft.

Main features

Sought after Location in St. John’s Hill, Wandsworth
Circa 1,253 sq. Ft
Circa 50 Covers Restaurant
Great Visibility
Fully Fitted Commercial Kitchen
Premises Licence in Place
Outdoor Seating Available
Street Car parking Available

landlord’s requirements

Personal Guarantor Required (Subject to references)
3-6 Months Rent Deposit Subject to References
Accountant’s references
Trade references

Lease details

Lease: Ending June 2029 (Inside the Act of 1954)
Rent: £47,500 pax Review Every 5 Years
Next Rent Review: June 2024
Premium: £80,000 (Business, Lease & ff&E) + sav

The premises

Circa 1,253 sq. Ft
Circa 50 Covers Restaurant
Payable Business Rates: Circa £24,825/annum (Rateable Value: £49,750)
Currently paying £1,000 per month due to Retail Relief
Fully Equipped Commercial Kitchen
Gas & Extraction in Place
Premises Licence in Place
Permitted Hours (8am till 12am & 10am till 12am)

The business

We have been informed that the restaurant generates gross revenue of circa £260,000 per annum (£ 5,000/week).
Current Opening Hours: Mon- Fri(5pm-10pm), Sat (12pm–11 pm) & Sun( 12pm–5 pm) .
Our Client manages the Restaurant with 3 Full-Time Staff and 1 Part Time Staff.
Trading over 8 Years

The location

St. John’s Hill, Battersea SW11
0.3 mile to Clapham Junction Station
Several independent cafes & restaurants making it a vibrant eatery destination

Reason for sale

Retirement Sale

Viewings & confidentiality

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.

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.