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£139,950 pcm | £1,679,400 pa

Restaurant to rent

Mitcham Road, Tooting SW17

£139,950 pcm | £1,679,400 pa

Restaurant to rent

Mitcham Road, Tooting SW17

Description

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Letting details

  • Available now
  • Furnished

Property description

LOCATION:

 

The restaurant is situated on a very busy main London high street in Tooting Broadway. There is a busy parade of mixed operators both A3 and retail. The area is also surrounded by densely populated residential properties. The main high street location allows for a generous amount of footfall and passing trade. The road on which the restaurant is set is just minutes away from the A24, an arterial a-road that runs into Central London.

 

 

 

DESCRIPTION:

 

The business was originally established by our client in 2014. The owner is now looking to sell the business, due to the desire to focus on other business commitments. The business runs as an authentic Moroccan restaurant offing the very best cuisine. There is an exceptional menu which includes koftas, fish platters, meatballs, lamb dishes, couscous, salads and a great selection of desserts. The restaurant is fully licenced and also stocks an array of wines, spirits and beers

 

 

 

USES:

 

A3 with alcohol licence

 

 

 

PREMIUM:

 

£139,950 Guide price for the benefit of the lease, fixtures, fittings and goodwill.

 

 

 

RENTAL:

 

 £25,000 per annum

 

 

 

TERMS:

 

Original lease length: 20 years. Remaining lease length: 17 years as of 2017

 

 

 

BUSINESS RATES:

 

£12,000 per annum. However, all interested parties are encouraged to make their own enquiries with the local authority’s

 

 

 

SIZE:

 

Approximately 1646 sq ft

 

 

 

OPENING HOURS:

 

Monday: Closed -Tuesday - Friday: 6pm - 11pm -Saturday: 4pm - 11pm -Sunday: 4pm - 10pm

 

 

 

STAFF:

 

Owner managed with 4 staff

 

 

 

TURNOVER:

 

Current turnover in excess of £240,000 per annum approximately.

 

 

 

ACCOUNTS:

 

Available on request on viewings

 

 

 

LEGAL COST:

 

To be confirmed

 

 

 

LOCAL AUTHORITY:

 

Wandsworth

 

 

 

ENERGY PERFORMANCE CERTIFICATE:

 

Energy Performance Asset Rating is 80- D Rating. A copy of this property’s energy performance certificate is available on request

 

 

 

COVERS:

 

45 Covers

 

 

 

REFERENCE CHARGE:

 

London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord

 

 

 

HOLDING DEPOSIT:

 

A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account

 

 

 

FIXTURE & FITTINGS:

 

Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition

 

 

 

AGENT NOTE:

 

London Properties for themselves for Lessors, Vendors and their agents, give notice that:- 


1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries. 


2. These details do not constitute any part of an offer or contract. 


3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties. 


4. All rent prices, fees and charges are quoted exclusive of VAT


 

 

 

VIEWINGS:

 

Through London Properties by appointment only.

Map

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Nearby services within a 3 mile radius

Stations
Schools
Food stores
Health

Street view is not available at this location

Floor plans

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Call 020 8115 1657

DISCLAIMER

Property reference SW17 9NG. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by London Properties - Wealdstone. Please contact the selling agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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