Restaurant With Outdoor Seating In Swiss Cottage For Sale

Description

Restaurant for sale in Swiss Cottage, Camden.

Proof of funds required: all interested buyers must be able to provide proof of funds before requesting a viewing.

Main features:

• High street location offering strong visibility
• Circa 1,485.42 sq. ft
• Approximately 112 covers
• Arranged over ground floor and basement
• Fully fitted commercial kitchen
• Gas and extraction in place
• Benefits from a premises licence
• Outdoor seating available for up to 12 covers

Landlord’s requirements:

• Personal guarantor may be required, subject to references
• Three to six months’ rent deposit, subject to references
• Other standard checks will be carried out

Lease details:

• Lease expiry: July 2038 (inside the Landlord and Tenant Act 1954)
• Rent: £40,000 plus VAT
• Rent review term: every five years
• Next rent review: November 2028
• Premium: £425,000 (to include lease and fixtures, fittings and equipment)

The premises:

• Total area circa 1,485.42 sq. ft
• Covers: ground floor 50 | basement 50 | outside 12
• Fully fitted commercial kitchen
• Gas and extraction installed
• Three-phase electricity supply
• Premises licence in place
• EPC rating: B
• Business rates: TBC

The business:

Gross revenue: it is advised that the business has generated gross revenue of approximately £884,000 per annum, equating to £17,000 per week. The operation is currently managed by the client with six full-time members of staff.

The location:

Swiss Cottage, NW3. Approximately a three-minute walk to Swiss Cottage Station, with multiple retail outlets and eateries located nearby.

Reason for sale:

Pursuit of other business interests.

Viewings and confidentiality:

All interested parties must provide proof of funds sufficient to meet the premium and the landlord’s requirements. A non-disclosure agreement must be agreed with the agent due to client confidentiality. Viewings are strictly by appointment through Restaurant Property Sellers only. Use of the website constitutes agreement with the stated terms and conditions.

Disclaimer:

The above information has been provided by the seller and is issued without responsibility on the part of the firm and does not constitute statements of fact. Any intending purchaser must satisfy themselves as to the accuracy of each statement. Neither the firm nor any of its employees has authority to make or give any representation or warranty in relation to this property.