Restaurant + Bar + Nite Club In Croydon

Business Description

LOCATION
Situated in a prominent position on the High Street, between Whitgift Street and Laud Street, opposite Edridge Road under the flyover (A232) in Croydon town centre. Neighbouring occupiers include; Domino’s Pizza, F45 Gym, Greggs, Sainsbury’s Local, Chicken Valley, Tops Pizza, Coughlans Bakery, Mail Boxes Etc and Cake Box, together with a good vibrant mix of other independent and local traders. East and South Croydon mainline railway, tram and bus stations are both within walking distance, providing services to central London, Clapham, Brighton, Gatwick, Bedford, Wimbledon, Beckenham and East Grinstead. There are also buses serving the area located on the High Street.

BUSINESS
Large commercial premises currently arranged and trading as an Italian restaurant, separate basement night club and corner cocktail bar. All businesses are fully fitted out to a high standard and operating.
We understand that the premises currently has ‘E’ and Sui Generis Use Classes, which includes restaurant, nightclub and bar. Alternative business, such as hot food take-away, leisure/gym and medical will also be permitted.

TURNOVER
We are informed that the businesses combined enjoy a turnover close to £2 million pa.

PREMISES
Restaurant 325.61 sq/m 3,505 sq/ft
Basement Club 461.25 sq/m 4,965 sq/ft
Corner Bar 153.29 sq/m 1,650 sq/ft
Benefiting from outside seating areas to the front of the restaurant and bar, additional enclosed outside area to the rear for the basement club and 5 car parking spaces accessed via a rear service road off the High Street.

TENURE
New 20 year lease available. Rent - £165,000 pa. (4 year reviews)

Please note that the premises are also available on a Long Leasehold/Virtual Freehold (125 years from May 1994) at a peppercorn rent. Full vacant possession will be provided on Completion, with fixtures and fittings left in place. Price £2,750,000.

EPC RATING
TBA

BUSINESS RATES
The current ratable value of the ground floor (restaurant & Bar) is £45,000 and the basement club is £50,500.
Contact Croydon Council on --- ---- ---- to confirm what amounts might be payable.

Property Information

Property:

Freehold

Premises details:

Restaurant 325.61 sq/m 3,505 sq/ft<br>Basement Club 461.25 sq/m 4,965 sq/ft<br>Corner Bar 153.29 sq/m 1,650 sq/ft<br>Benefiting from outside seating areas to the front of the restaurant and bar, additional enclosed outside area to the rear for the basement club and 5 car parking spaces accessed via a rear service road off the High Street.

Other Information

Furniture / Fixtures value:

Undisclosed

Inventory / Stock value:

Undisclosed