375 Croydon Road
Caterham
CR3 6PN
RESTAURANT / TAKEAWAY – BUSINESS & LEASE FOR SALE
931 sq ft
Business for Sale
£19,000 p/a
Key Features
- Long established, profitable Chinese restaurant business for sale
- Good location within densely populated area
- Ground floor restaurant / takeaway 931 sq. ft. (86.49 sq. m.)
- Includes spacious, self-contained 3 bedroom flat
- 20 year lease from 26 November 2014
- Rent of £19,000 per annum exclusive
- Single parking space at rear
- Unrestricted parking nearby and bay parking in front of premises
Tenancy
The whole property is held on a lease for a term of 20 years from 26 November 2014. The current rent is £19,000 per annum exclusive and the lease provides for five yearly rent reviews. We understand the landlord will grant a new 20-year lease upon purchase of the business (Subject to Contract).
Description
The premises comprise a three-storey building currently arranged to provide a ground floor restaurant / takeaway with a self-contained, 3 bedroom flat on the first and second floors. There is a single parking space at the rear.
The ground floor restaurant provides for 46 covers in its current configuration and includes separate male and female toilet facilities and a built-in bar area. The kitchen is located at the rear of the premises along with a storage area. The flat can be accessed either externally or via an internal staircase.
Accommodation
Location
The premises occupy a prominent location on Croydon Road at the end of this popular shopping parade between Caterham Town Centre and the Wapses Lodge roundabout junction with the A22.
Caterham benefits from good road and rail connections with Junction 6 of the M25 close-by at Godstone. There are Mainline Railway Stations close by (Caterham and Whyteleafe South) providing regular services to Croydon and London
Terms
The lease, goodwill of the existing business, fixtures and fittings are available for £90,000 plus stock at valuation. Further information and accounts are available upon request. Subject to contract
EPC
This shop has an EPC Rating of D (91). The flat has an EPC Rating of D (66)
Viewing
For further information or to view please contact
Chris Richards MRICS Tel: 01737 222835
Email: chris@raynerscommercial.com
Joe Yorke Bsc Hons Tel: 01737 222835
Email: joe@raynerscommercial.com
VAT
We understand that VAT is not applicable to the rent.