Leasehold Indian restaurant with 5-bedroom flat for sale in South Croydon London

Description

Introducing a fantastic opportunity to acquire a fully licensed Indian restaurant coupled with a spacious 4-5 bedroom apartment in South Croydon, London. With an excellent 4-star hygiene rating, this thriving establishment presents both a lucrative business venture and a comfortable living space.Visitors will appreciate the inviting atmosphere created by the single-fronted premises, featuring a stylish bifold door entrance. Inside, the restaurant boasts air conditioning, a wooden floor, and an elegant chandelier enhanced by spotlight lighting. The seating area is designed to accommodate 38 guests comfortably, while the bar area is well-equipped with an EPOS cash register, an under-counter drinks fridge, a wine chiller, an ice cream freezer, a handwash basin, and a coffee machine.The restaurant facilities also include separate ladies and gentlemen cloakrooms, providing convenience for patrons. The kitchen is a chef’s dream, featuring a tiled floor, tube lighting, a stainless steel extractor system, a tandoori clay oven (GGF), a 9-burner hob, an oven, a deep fryer, an upright single door freezer, a double door upright fridge, and a refrigerated preparation table with a topping section. Additional amenities include stainless steel work surfaces, a double sink, a wash hand basin, and a hot plate hot cupboard, ensuring peak efficiency during service.The rear extension adds valuable storage space, and the basement further enhances functionality. Currently, the restaurant averages a turnover of £5,500 to £6,000 per week, making it a strong investment opportunity. Outside, there is parking space available for two cars at the rear of the premises, alongside a bin store.Secure Lease and Financial OverviewThe premises operates under a secure renewable lease from a private landlord, granted for 15 years with reviews every five years, and is currently rented at £42,300 per annum. Impressively, there are no business rates associated with this property. The upstairs flat comprises 4-5 spacious bedrooms, two bathrooms, and a kitchen, offering potential for conversion into a House in Multiple Occupation (HMO), subject to the necessary approvals.Investment PotentialThe asking price for this premium leasehold opportunity is £130,000, which includes the secure renewable lease, goodwill, fixtures and fittings (price on application), plus stock at valuation. If the freehold option is preferred, it is available for £850,000, providing an additional layer of investment potential.With over 30 years of establishment, this restaurant benefits from a loyal customer base and strong reviews. The location is highly advantageous, situated in a busy area with strong foot traffic and access to nearby amenities, including shops and public services, all of which enhance customer appeal.Whether as a successful business venture or an investment opportunity with strong rental yield, this restaurant and residential flat combination represents a compelling acquisition opportunity.