Restaurant In Prime Location With Premises License For Sale

Description

Proof of Funds

To ensure confidentiality and comply with the landlord’s requirements, all prospective purchasers must be able to provide proof of funds before a viewing can be arranged.

Key Highlights

• Prime position on Putney High Street, one of South West London’s most active commercial areas
• Strong and consistent pedestrian footfall generated by retail, residential, and commuter traffic
• Large internal area arranged across two floors
• Premises licence in place, allowing immediate operation
• Long-term lease security with over 20 years remaining

Property Overview

The restaurant is arranged over ground and basement levels, offering a practical and well-designed layout suitable for a variety of food and beverage concepts.

Ground Floor (approximately 1,750 sq. ft)

• Fully fitted bar
• Commercial kitchen
• Dining area with around 80 covers

Basement (approximately 1,578 sq. ft)

• Preparation kitchen
• Customer and staff washrooms
• Storage and ancillary areas

The unit is fully fitted and ready for occupation, allowing an incoming operator to trade without the need for significant additional investment.

Lease and Financial Terms

• Lease expiry: July 2049
• Lease status: Inside the Landlord and Tenant Act 1954
• Current rent: ?82,500 per annum exclusive
• Rent reviews: Every five years
• Next rent review: July 2029
• Premium: ?325,000 inclusive of the business, lease interest, and fixtures, fittings, and equipment

Business Rates

• Rateable value: ?64,000
• Estimated annual business rates payable: approximately ?34,000

Interested parties are advised to make their own enquiries with the local authority to confirm exact liabilities.

Landlord Requirements

Subject to references and covenant strength, the landlord may require:

• A personal guarantor
• A rent deposit equivalent to three to six months’ rent
• Standard financial and background checks

Location

The premises are located on Putney High Street, SW15, surrounded by national retailers, cafes, and service operators. The property benefits from excellent transport connections and is situated approximately five minutes’ walk from both Putney mainline station and East Putney Underground station. The area supports strong weekday and weekend trade due to a dense residential population and steady commuter flow.

Trading Performance

According to information provided by the seller, the business currently achieves an average gross weekly turnover of approximately ?7,000, equating to an estimated annual turnover of ?364,000.

The operation is managed by a supervisor and supported by a team of seven part-time and full-time staff, making it suitable for either an owner-operator or an investor seeking a managed business.

Reason for Sale

The business is being offered for sale due to the owner’s focus on other commercial interests.

Viewings and Confidentiality

All interested parties must enter into a Non-Disclosure Agreement prior to receiving further information or arranging a viewing. Proof of funds must demonstrate the ability to meet the premium and the landlord’s requirements.

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

Disclaimer

The information provided has been supplied by the vendor and is believed to be correct; however, no guarantee is given. Prospective purchasers must satisfy themselves as to the accuracy of all details through inspection and professional advice. The agent and its employees are not authorised to make or give any representation or warranty in relation to this property.