2 Bedrooms Land for sale in Westow Street, London SE19 | £ 139,000


Price: £ 139,000
Contract type: For Sale
Type: Land
County: London
Town: London
Postcode: SE19
Address: Westow Street, London SE19
Bathrooms: 1
Bedrooms: 2
Posted: 2018-12-11

Property Description

Details opportunity of A lifetime! We have for sale this superb family run and owned restaurant in Crystal Palace high street which is currently being run as a Portugese restaurant. The property current owners are looking to retire and would love to find buyers with the same passion and desire that they have had over the years. They have over 30 years experience in the trade and have worked very hard to build the business which they took over from a previous family. They premises has a lovely feel to it, which is probably due to the family. The owners have just redone the outside garden to the rear. There is a large seated restaurant area for up to 50 covers, his and hers toilets, lobby area, bar and counter, fitted kitchen and store room.

The property has great benefits and so much scope to expand further with so much passing trade during the day. The busy street and position would lend itself very well to passing lunchtime trade for further income. The current owners do not open during the day so this really could be a great opportunity to build on the success of the current owners and further increase turnover and revenue. I have looked at other premises and they are very busy at lunchtime and during the day!

The price is to include roughly £5,000 of stock

Currently the turnover is £6,000 to £7,000 per week

With profit in the region of £3000.00 per week

The price is to include a three bedroom split level maisonette which is currently let out bringing in £21,000 per annum! Now bearing in mind the rent is £27,000 per annum this leaves a lot of scope whilst keeping overheads low!

All fixtures and fittings to remain!

If you are a family looking for a joint venture or someone who has had enough of working for someone else then this really could be a superb opportunity for you!
Terms 10 years
Rates £4000 per annum

Property Location

Property Marketed by Benson & Partners

Address: 49 Lower Addiscombe,

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