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Fully-fitted And Large Restaurant In Walworth For Sale

Walworth,London,UK, ID 138313

Asking price:
GBP £149 000
Turnover (per year): £520 000 gbp
Owner
Owner's representative
122 business for sale

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Description

Proof of Funds

To protect the confidentiality of the sale and meet the landlord’s requirements, prospective purchasers must be able to provide proof of funds before a viewing can be arranged.

Overview

This is an opportunity to acquire a fully operational shisha restaurant positioned on a busy arterial road in South London. The asking terms have been adjusted for a quick sale and the site offers a strong mix of indoor trading space, compliant outdoor seating, and a large basement flat that can be used as staff accommodation or as office and support space.

Key Features

  • Reduced for a swift transaction
  • Prominent roadside location benefiting from steady passing trade
  • Compliant shisha terrace with a partially open configuration
  • Close to East Street Market
  • Approximately 2,214 sq. ft in total, including outdoor seating
  • Arranged across ground floor, basement, and terrace levels
  • Basement flat with two rooms, living area, and bathroom, suitable for staff or office use
  • Fully fitted commercial kitchen
  • Gas supply with two extraction systems installed
  • Three-phase power supply in place

Property Details

The premises are set up to support high-capacity hospitality operations while also providing flexibility for alternative use of the ancillary areas.

  • Basement: approximately 1,290 sq. ft
  • Ground floor: approximately 924.5 sq. ft
  • Outdoor terrace: approximately 387 sq. ft

The basement flat provides valuable additional space that may reduce operational costs and improve day-to-day efficiency, particularly for businesses requiring staff accommodation or back-office functions on site.

Seating Capacity

The restaurant offers approximately 100 covers in total, with a balanced split between indoor and outdoor seating.

  • Total covers: approximately 100
  • Indoor seating: approximately 65 covers
  • Terrace seating: approximately 35 covers

Lease Information

  • Lease expiry: June 2039
  • Lease status: Inside the Landlord and Tenant Act 1954
  • Current rent: ?43,000 per annum exclusive
  • Rent reviews: Every five years
  • Next rent review: 2029
  • Premium: ?149,000 inclusive of the business, lease interest, and fixtures and fittings

Business Rates and Energy Performance

  • Rateable value: ?41,250
  • Estimated annual business rates payable: approximately ?20,583.75
  • EPC rating: C

Interested parties are advised to confirm business rate liabilities directly with the local authority.

The Business

According to information provided by the seller, the business generates gross revenue of approximately ?10,000 per week, indicating strong trading performance for the area and category.

The operation is currently owner-managed with the support of four part-time staff members. The sale includes a registered trademark and six virtual brands, which may support expansion into delivery-only concepts or additional menu positioning.

The business is active on Uber Eats, Deliveroo, and Just Eat, supporting diversified revenue streams. The premises and operation are offered on a turnkey basis, enabling a buyer to continue trading immediately.

Location

The premises are located on Walworth Road, Southwark SE17, a busy commercial route in South London. The area benefits from strong local demand and passing traffic and is approximately 0.5 miles from Elephant and Castle, a major transport interchange and regeneration hub.

Viewings and Confidentiality

Proof of funds must confirm the ability to meet the premium and the landlord’s requirements. A Non-Disclosure Agreement must be agreed prior to receiving further information or arranging a viewing.

Viewings are strictly by appointment and handled exclusively through Restaurant Property Sellers. Use of the website is subject to the company’s Terms and Conditions.

Disclaimer

All information has been supplied by the seller and is believed to be accurate; however, it is provided without any warranty. Prospective purchasers must rely on their own inspections and professional advice to verify details. Neither the agent nor its employees are authorised to make or give any representation or warranty in relation to this property.

Details

Real Estate: Lease
Employees (ppl): 4
Asking price: 149 000 gbp
Turnover (per year): 520 000 gbp

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