Restaurant/cafe for sale in Epsom Square, Epsom SM1

Restaurant for Sale in Epsom, Surrey. Epsom Square

Property id: Rps-20023

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

Main features

Located in Epsom Square
Circa 1,528 sq. Ft
Circa 70 Covers Restaurant
Class E Use (Restaurant/Cafe)
Fully Fitted & Benefits from Premises Licence

landlord’s requirement

Six (06) Rent Deposit Required (subject to references)
Personal Guarantor required
Bank, Trade & Accountant’s Reference required
Evidence of financial credibility

Lease details

Lease Ending April 2029 (Inside the Act)
Passing Rent: £44,000 plus VAT
Service Charge: £6,000 plus VAT per annum
Rent Review: Every 5 years
Next Rent Review: Was due in April 2024.
Premium: £135,000 (Business, Lease and ff&E)

Premises

EPC Rating: B
Area: Total Circa 1,528 sq. Ft
Covers: Circa 70
Benefits from Extraction & Premises Licence
Permitted Hours: 11am till 12am (Food: Until 12:30 am)
Rateable Value: 29,750 (Payable Rates: £17,4517)
*Qualifies for 75% rate relief this year (Payable: £3,711/year)

The location

Epsom Square, KT19
High Footfall throughout the day
Immediate units occupied by retailers like Be At One, Esquires Coffee

Trading

Weekly Turnover: Circa £9,000 to £10,000 per week (As per the seller)

Reason for sale

Other business & commitments

Viewings & confidentiality

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client. Viewings are strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.

Disclaimer

The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.