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Class E / Restaurant Premises with Parking, The Broadway, Cheam, SM3 8BD

not specified / Leisure / Business for sale

For Sale - £120,000.00

Available - Last updated: 08 January 2024

The restaurant consists of a large dining area for 30 covers (plus), 2 outside front tables, 1 medium storeroom, a good-sized utility area and large loft space, accessible by a drop-down ladder. The main restaurant interior includes a large front of house counter and fully equipped kitchen with a charcoal grill, gas and electric cooker, 2 fryers, 2 microwaves and refrigeration units. The storeroom and loft include further refrigeration units. The ground floor accesses a rear end delivery area with 2 parking spaces.

The restaurant was founded over 20 years ago and has an established and loyal large clientele of local residents, visitors and commuters.

Location

The property is located on the main high street within the affluent and leafy suburb of Cheam and is within easy reach of surrounding towns and direct trains into Central London in under 40mins.

Terms

The current renewable lease runs until 2030 providing long term security of tenure

Uses - Class E & the old A3

Premium - £120,000 Guide price for the benefit of the lease, fixtures, fittings and goodwill.

Rental - £18,000 per annum

Business Rates - Nil

Opening Hours - 7 days a week 11:00 a.m till 10:30 p.m.

Turnover - Current turnover in excess of £260,000 per annum

Accounts - Available on viewing

Local Authority - Sutton

Covers - 30 Covers

Parking - The ground floor accesses a rear end delivery area with 2 parking spaces.

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

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
London Properties are pleased to offer to the market this well-established American burgers restaura For Sale Leasehold £120,000.00 NA

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