Franklin Commercial

Address

8 Station Parade, Brighton Rd
Sutton
SM2 5AD

Location

Situated on the busy Brighton Road close to Sutton station. The area has a mix of independent and multiple occupiers and is a popular dining destination with a great mix of restaurants and cafes.

Description

Leasehold guide price £110,000 to include goodwill, fixtures, fittings & equipment (trading name excluded- stock at valuation).

An opportunity to acquire these beautifully presented and fully fitted restaurant premises.

The unit measures approximately 730 sq ft in total and the dining room accommodates 44/50 covers. There are male and female toilets and a well equipped kitchen.

EPC band E.

Early viewing recommended- strictly by appointment only please.

General Information

Tenure: Leasehold

Price/premium: £110,000

Rent: £18,000 Per annum + VAT

Legal fees: Both parties to be borne by the ingoing tenant/purchaser

Rateable value: The VOA website states a R.V. of £15,250, payable at the prevailing rate

Lease details: Approximately 8 years unexpired. We understand the lease is drafted within the Landlord and Tenant Act 1954 and is therefore renewable- lease not inspected, please verify.

Trading hours: Open 6 days per week (closed Sundays).

Years established: 40.

Employees: 4 full time employees and 2 part time.

Client involvement: Full time.

Features

Beautifully presented throughout
Densely populated area
Discretion required
Early viewing recommended
Established dining destination
High advised turnover
Long established
Turnkey opportunity
Viewings by appointment only
Close to station

Map

Important Notice

Information supplied by franklin commercial is intended as a general guide only & should always be verified by you prior to contract (we do not usually inspect leases/service charge accounts etc or test any amenities/services). We do not guarantee the accuracy of approximate measurements/areas quoted, plans or any other information, which may have been supplied to us by Clients. Our descriptions do not form part of any contract and nothing is included unless it is in the solicitors contract for sale. All inspections/negotiations must be conducted through us & information should not be transmitted to 3rd parties. Under no circumstances may a direct approach to the business, vendor or lessee be made - staff are usually unaware of a proposed sale. Rents/Prices quoted are always exclusive of V.A.T. (if applicable).

Tenant Fees

Please note we make a reference/administration charge of £240 inclusive of VAT to tenants when an offer is agreed, subject to contract/references.