Large Fully Fitted Restaurant in Prime Croydon Location for Sale
Croydon, London
- Status
FOR SALE
- Date Submitted:
20/03/24
- Advert ID
608503
- Reference
CROYDON_RESTAURANT / Rightbiz
- Call Agent:
- Leasehold: £25,000 (Stock at valuation)
- Rent: £75,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Key Features
- Prime Location
- Town Centre location
- Potential for Alternative Use
- Fully Fitted
- Offers Invited
- Attractive Business
- Currently Closed
Business Details
Fully Fitted Large Restaurant for Sale in Croydon. Circa 4,423 Sq.ft & Premium of £25,000 only
Fully Fitted Restaurant for Sale in Croydon. Circa 4,423 Sq.ft
MAIN FEATURES
- Fully Fitted Restaurant & Kitchen
- Previous Occupiers include La Tasca & Preto Brazilian Steakhouse
- High Street Location
- Nearby occupiers include Nando’s & Turtle Bay
- Circa 4,423 sq. ft (Ground Floor & Basement)
- Outdoor Seating available
- Premises Licence in Place
- Three Phase Electricity
- Sale of Ltd Company or Option of New Lease
LEASE DETAILS
- Existing Lease can be assigned or a New Lease can be granted
- Existing under Ltd Company & Ending March 2042
- Outside the Landlord & Tenant Act of 1954
- Stepped Rent: From Jan 2024: £75,000, Jan 2025: £80,000 & Jan 2027: £85,000 VAT
- Next Rent Review: Jan 2028
- Rent Review: Every 5 years
- Rent Deposit (Subject to References)
- Premium: £25,000 (For Fixtures & Fittings)
THE PREMISES
- Ground Floor: Circa 3,146 Sq. Ft (Fully Fitted Restaurant & Kitchen)
- Basement: Circa 1,277 Sq. Ft (Cold Room, WC, Office & Storage)
- Alcohol Licence in Place
- Three Phase Electricity in Place
- Rateable Value: 62,000
- Payable Business Rates: £7,936 (Retail Relief for year 2024/25)
- EPC Rating: B
THE LOCATION
- 38-40 High St, Croydon CR0 1YB
- Passing trade throughout the day
- Immediate units occupied by several national and independent retailers
- Will benefit from £5.25 billion Croydon Town Centre Regeneration programme
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.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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