Crown Lets 4u Estate Agents are proud to present this A3 licence Cafe Restaurant that is currently still running the business. This restaurant has a direct front face on Penge Road with front decking space for outside table and chairs and also at the rear there is a very big rear garden with table and chairs. This restaurant also has a very big one bedroom basement flat and a storage room. This restaurant is very spacious and recently had been newly refurbished to a very high modern standard. It’s in excellent condition with modern interior throughout and a beautiful customer area with table and chairs, front cold drink counter and table counter. There is a spacious kitchen area with many restaurant appliances and a costumer wc room.
Comprising an extensively equipped premises and running business with goodwill/premium is only £60,000 and the Rental is £15,000 p.a. (£1,250 PCM) (Last year the restaurant profit £21k and the previous year to that was £35k profit).
A brand-new lease from 12 to 20 years FRI Lease can be provided with rent review every 4 Years.
TO INCLUDE THE BUSINESS GOODWILL, FIXTURES & FITTINGS £60,000
Rent: £15,000 p/a (£1,250.00 PCM)
Business Rates: Nil if you apply for business relief, stc
Tenancy Type: FRI Lease
Rent Review: Every 4 Years
Licence Type: A3
Size: 613.543 Sq Feet (57 Sq Meter), approx.
Building Insurance: tbc
Solicitors Fees: Going In Tenant will pay for the landlords solicitors and his/her costs.