Restaurant Premises, The Spaghetti Tree, 8 Station Parade, Brighton Road, Sutton, SM2 5AD
730 Sq Ft / Leisure / Restaurants / Cafes
For Sale
- £95,000.00
Available - Last updated: 19 November 2024
Leasehold guide price £95,000 to include goodwill, fixtures, fittings & equipment (trading name excluded- stock at valuation).
An opportunity to acquire these beautifully presented and fully fitted restaurant premises. The current family owned business has traded successfully on this site for some 40 years. The trading name is closely linked to our client's family and although they wish to retain this, there is still considerable goodwill linked to the site, and the premises offer a turn key opportunity at a low current rent, with nil rates payable (subject to the usual SBRR criteria).
The current business trades very profitably over 6 days and recent financials can be provided to genuinely interested parties after an initial inspection.
Location
Situated on the busy Brighton Road close to Sutton station. The area has a mix of independent and multiple occupiers and is a popular dining destination with a great mix of restaurants and cafes.
Accommodation
The unit measures approximately 730 sq ft in total and the dining room accommodates 44/50 covers. There are male and female toilets and a well equipped kitchen.
Terms
Tenure: Leasehold
Price/premium: £95,000
Rent: £18,000 Per annum + VAT
Legal fees: Both parties to be borne by the ingoing tenant/purchaser
Rateable value: The VOA website states a R.V. of £12,000, so the business currently benefits from full Small Business Rates Relief.
Lease details: Approximately 10 years unexpired. We understand the lease is drafted within the Landlord and Tenant Act 1954 and is therefore renewable- lease not inspected, please verify.
EPC: band E.
Trading hours: Open 6 days per week (closed Sundays).
Years established: 40.
Employees: 4 full time employees and 2 part time.
Client involvement: Full time.
Specification
- Beautifully presented throughout
- Densely populated area
- Discretion required
- Early viewing recommended
- Established dining destination
- High advised turnover
- Long established
- Turnkey opportunity
- Viewings by appointment only
- Close to station
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| Guide Price |
For Sale Leasehold
|
£95,000.00
| NA |
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