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Business

£325,000

(£97.71/sq. ft)

Restaurant for sale

Putney High Street, London SW15
3,326 sq. ft

£325,000

(£97.71/sq. ft)

Restaurant for sale
Putney High Street, London SW15

    • 3,326 sq. ft

Business

About this property

  • Prime location on Putney High Street

  • High foot traffic throughout the day

  • Ground floor area: Approximately 1,750 sq. Ft

  • Basement area: Approximately 1,578 sq. Ft

  • Premises license in place

  • Over 20 years lease remaining

Fully Fitted Restaurant for Sale in Putney High Street

Property id: Rps-22081

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


Prime location on Putney High Street
High foot traffic throughout the day
Ground floor area: Approximately 1,750 sq. Ft
Basement area: Approximately 1,578 sq. Ft
Premises license in place
Over 20 years lease remaining

landlord’s requirements

Personal guarantor may be required (subject to references)
Three to Six month’s rent deposit (subject to references)
Other usual checks will be carried out
Lease details


Lease: Ending July 2049 (Inside the Act 1954)
Rent: £82,500 pax
Rent Review: Every 5 years
Next Rent Review: July 2029
Premium: £325,000 (Business, Lease & ff&E)
The premises


Ground floor: Bar, Kitchen & 80 covers (approx 1,750 sq. Ft)
Basement: Prep area, washroom & storage (approx 1,578 sq. Ft)
Premises license in place
Fully fitted bar
Rateable Value: £64,000
Payable business rates: £34,000 per annum
The location


Putney High Street, SW15
Immediate units occupied by national retailers
Just a 5-minute walk from the train and tube stations
Trading & financials


We have been advised that the business currently achieves a gross weekly turnover of approximately £7,000 or £364,000 per annum.
It is managed by a supervisor and supported by a team of 7 part-time and full-time staff members
Reason for sale


Other business commitments
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.

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