Restaurant for sale

Arthur Road, Wimbledon SW19

Fully Fitted Restaurant for Sale in Wimbledon Park

Property id: Rps-23194

proof of funds required: All interested buyers must be able to provide proof of funds before requesting viewing.
Main details


Long lease ending in 2045 (Inside the Act)
Located in prime Wimbledon Park location
High footfall trading position on a busy road
Fully fitted restaurant with gas, extraction & three phase
Circa 1,000 sq. Ft, spread over ground floor & basement
Premises licence in place but currently not used
Ideal for any type of restaurant or cafe

landlord’s requirements

Guarantor required (subject to references)
3 month’s rent deposit required (subject to references)
Other usual checks will be carried out
Lease details


Lease: Ending Sept 2045 (Inside the Act of 1954)
Current Rent: £21,100 per annum exclusive
Rent Review: Every 5 years
Next Rent Review: Sept 2030
Premium: £110,000 (Business, Lease & fixtures and fittings)
The premises


Circa 1,000 sq. Ft with 46 covers (over two floors)
Outdoor seating available for up to 8 guests
Benefits from gas, extraction & three phase
Rateable Value: 18,750

Payable business rates: £5,290 per annum

Had premises licence but currently not used
The business


We have been informed that the business currently generates a gross revenue of £4,500 to £5,000 per week
Growth opportunities


Alcohol licence - if utilised can significantly increase customer spend and boost profit margins.
Delivery services – There is considerable room to tap into the booming delivery market in sw London
Extended opening hours – The business is currently operating 6 days evenings only. Additional revenue can be generated with minimal overhead by expanding service times.
The location


Wimbledon Park, London SW19

Situated in the heart of Wimbledon Park, the restaurant benefits from a highly desirable and affluent catchment area. Wimbledon Park itself is a hotspot for both residents and visitors, and the location is only a stone’s throw from the world-famous Wimbledon tennis tournament, 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.