Commercial property for sale in Kingston KT1

· Property/ Business: Business





· Address: Fife Road





· City: Kingston





· Contact Information:





· Type of property/business: Restaurant/Takeaway + HMO





· Size: Over 500 sqft (ground floor)





· Year established: 2020





· Any recent renovations/upgrades: Flats were renovated 3 years ago, Roofs were renovated recently





Location and Accessibility





· Nearest Major Highway: A307, A308





· Public transportation: 1 minute walk to Kingston station,
Buses- 285,418,57





· Parking: Off Road Parking





· Proximity to Amenities: Kingston University, Christmas Street, City Centre, Marks and Spencer, Primark, The Bentall Centre, tk Maxx, Kingston Grammar School, Tiffin school, Seven Keys Car Park, River Thames







Features and Amenities





· Amenities: Security system -cctv, burglar alarms







· Special Features: The franchise (brand) is included in the lease.
If the client doesn’t want the trading name(brand-franchise), then the price would be negotiated slightly.



Pricing and Availability



· Price: Lease for the entire property is £425, 000
chicken shop only- £250, 000




· Outside Tenure: leasehold



· Lease/Rent Terms: Rent £48,000 per annum for the entire building
HMO income £4500 pcm



· Availability: Now



Additional Information



· Additional Notes: There is an HMO property above the restaurant.
No VAT on the rent
7 bedrooms HMO property
New lease to be applied for new tenants.
Landlord is very understanding and flexible.
Delivery covering only KT1 and KT2, if the new leaseholders can manage more areas with additional staff, then they can extend the zones.





Features of the property: All equipment and fittings needed to run a chicken shop are available.

Turnover:





Weekly sales gives £16, 000 to £17, 000
The business has good potential further growth.

Monthly turnover - £60, 000





Records could be exposed to genuine buyers only
Annual income from the whole building is more than £120,000






Staff: A well trained team and a good leading manager is ready to continue with the new lease holders.







Trading Hours:





Monday, Tuesday, Wednesday, Thursday, Sunday-11.00 am to 12.00 am





Friday, Saturday-11.00am to 2.00am (special extended times license for these two days)





Updated: May 09/2024