Restaurant/cafe for sale in High Street, Croydon CR0
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Leasehold assignment and business for sale
- Fully Fitted Restaurant & Kitchen
- High Street Location
- Nearby occupiers include Nando’s & Turtle Bay
- Circa 4,423 sq. Ft (Ground Floor & Basement)
- Outdoor Seating available
- Premises Licence in Place
- Three Phase Electricity
- Sale of Ltd Company or Option of New Lease
Property description
Main features
Fully Fitted Restaurant & Kitchen
Previous Occupiers include La Tasca & Preto Brazilian Steakhouse
High Street Location
Nearby occupiers include Nando’s & Turtle Bay
Circa 4,423 sq. Ft (Ground Floor & Basement)
Outdoor Seating available
Premises Licence in Place
Three Phase Electricity
Sale of Ltd Company or Option of New Lease
Lease details
Existing Lease can be assigned or a New Lease can be granted
Existing under Ltd Company & Ending March 2042
Outside the Landlord & Tenant Act of 1954
Stepped Rent: From Jan 2024: £75,000, Jan 2025: £80,000 & Jan 2027: £85,000 + VAT
Next Rent Review: Jan 2028
Rent Review: Every 5 years
Rent Deposit (Subject to References)
Premium: £25,000 (For Fixtures & Fittings)
The premises
Ground Floor: Circa 3,146 Sq. Ft (Fully Fitted Restaurant & Kitchen)
Basement: Circa 1,277 Sq. Ft (Cold Room, WC, Office & Storage)
Alcohol Licence in Place
Three Phase Electricity in Place
Rateable Value: 62,000
Payable Business Rates: £7,936 (Retail Relief for year 2024/25)
EPC Rating: B
The location
38-40 High St, Croydon CR0 1YB
Passing trade throughout the day
Immediate units occupied by several national and independent retailers
Will benefit from £5.25 billion Croydon Town Centre Regeneration programme
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.
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Restaurant Property Sellers, W7 on +44 20 8033 3603 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Restaurant Property Sellers, and do not constitute property particulars. Please contact Restaurant Property Sellers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.