Restaurant and Bar in Herne Hill London Available for Sale as Owners Relocate Abroad

Description

The premises occupies a highly prominent position on Norwood Road, directly overlooking Brockwell Park and located moments from Herne Hill Station (approximately 2 minutes’ walk), which provides regular services to London Victoria, Blackfriars, and St Pancras International.The surrounding area benefits from strong local footfall and a diverse mix of independent and national operators, including Llewelyn’s, The Prince Regent, The Florence, Gails, Blackbird Bakery, Parks Edge Bar & Kitchen, and Bird House Brewery. The location sits at the convergence of Herne Hill, West Dulwich, and Brixton, attracting both local residents and destination diners.DescriptionA beautifully presented bar and restaurant offering a turnkey opportunity for a new operator.The front of the premises features a welcoming bar area fitted with an EPOS till system, coffee machine, and under-counter ice machines. The seating layout provides approximately 50 internal covers. In addition, a forecourt area offers seating for around 10 external covers with views overlooking Brockwell Park. The property further benefits from electric security shutters and air conditioning with integrated heating throughout.The open-plan kitchen is fully equipped to a high standard, including a stainless steel extraction canopy, 6-burner gas cooker, Rational oven, double charcoal grill, 2-pan deep fryer, salamander grill, upright and under-counter refrigeration units, dishwasher, sink, and stainless steel preparation surfaces.To the rear, the premises include well-maintained customer toilet facilities, comprising a ladies’ WC with two cubicles and a separate gentlemen’s WC, along with an office and stockroom. Additional features include a CCTV system with eight cameras and monitor, single-phase electrics, and commercial gas supply.AccommodationGround floor - approximately 1,090 sq ft / 101 sq mThe BusinessThe premises has been operated under the same ownership for nine years and is being sold due to the owners relocating abroad. Current turnover is reported at approximately £5,500 - £6,000 per week, with an estimated gross profit margin of around 65%. The business operates six days per week, holds a 5-star hygiene rating, and has received positive press coverage.PremiumPremium on applicationLeaseThe property is available by way of assignment of the existing 15-year lease, expiring in January 2029, at a passing rent of £24,000 per annum. The lease is understood to be contracted inside the security of tenure and compensation provisions of the Landlord and Tenant Act 1954.LicenseThe premises license permits the sale of alcohol both on and off the premises from 7am to 2am on Fridays and Saturdays, and from 7am to 12:30am on all other days.Business RatesRateable Value: £18,250UBR: 0.499Rates Payable: £9,106 (excluding any relief)