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Business for sale in United Kingdom - Ac249-the river rooms bar and restaurant-london se16

| Asking Price: | 1,650,000 £ | |
Real Estate: | Ownership |
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| Sales Revenue: | 1 £ | ||||||||||
| Net Profit: | 1 £ | ||||||||||
| Year Established: | 2000 | ||||||||||
| Employees: | Not Disclosed | ||||||||||
| # of family members employed: | Not Disclosed | ||||||||||
| Location criteria: |
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Business description

located opposite the highly impressive and very successful canary wharf development, this site, the last available development site with a river frontage between greenwich to the east and chiswick to the west in london, has recently been re-developed to create a spectacular riverside restaurant and bar, ready for immediate occupation. Occupying a ‘footprint’ of approximately 12,000 square feet in all – split almost equally between the restaurant and bar and an outdoor terrace area maximising the views of the river, canary wharf and greenwich to the south, this location has been the site for several successful entertainment related businesses in the past. The interior design is modern, warm and friendly – hardwearing whilst affording easy maintenance on behalf of the managers of the establishment. With its entrance from the road via odessa street in surrey quays, the outlet is accessed from street level via steps, leading into a welcoming reception area which in turn leads to the main bar and restaurant. The premises are ideally located close to a pier – affording the potential for access via river bus either from central london or from the docklands via a service from the pier situated opposite the development in canary wharf. Primary features include: first floor: a restaurant and bar in excess of 5,600 square feet with river views seen through floor to ceiling windows seating 100 covers – with the capacity to increase to 175 covers, if desired. Large circular bar made from hardwood - centrally located leading up to an original roof beam design feature. Outside terrace area with river views seating up to 32 covers. Further outside terrace area, raised, under awning cover as part of stage 2 development, seating a further 48 covers with river views. Ladies, gentlemens and disabled washroom facilities. Parking for 10 vehicles to the front of the restaurant with the option to rent a further 8 car parking spaces. Ground floor: modern catering kitchen fitted with stainless steel commercial equipment also including: • large wine cellar • various storage areas • walk-in cold room and larder for dry storage • office accommodation equipment: the restaurant and bar has been redeveloped to a very high standard and features a superb circular bar in the centre of the building. The original steel roof beams have been retained as a major design feature. The kitchen has been completely re-furbished. It is equipped with all the equipment required to run a bar and restaurant of this size. All equipment was purchased new. A full inventory is available subject to the usual confidentiality formalities. A variety of sofas, chairs, ‘tubs’ and tables are provided for patrons to use.
Additional information

| Additional information: | Not Disclosed |
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| Support & training: | Not Disclosed |
| Reasons for selling: | Not Available |
| Financing available: | Not Disclosed |
| Inventory / Stock value: | Not Disclosed |
Real Estate

| Ownership: | yes |
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| Will owner sell real estate?: | yes |
| Included in asking price?: | yes |
| Value: | 0 £ |
| Location: | A conventional occupational lease is available for an initial premium of £300,000 plus an annual rental of £80,000 for a term of years to be agreed but thought to be in the region of 15 – 20, with the provision for upward only rent reviews. The lease will be on effective full repairing and insuring terms, that is to say, tenants will be directly responsible for the repair, upkeep and maintenance of the interior of the property including the plate glass. The landlord will be responsible for external repair, maintenance and insurance, the cost of which will be recouped via an Annual Service Charge which has yet to be assessed. The freehold of the bar and restaurant is also available for a sum of £1.65m. A buyer will also have the option to acquire the freehold of an adjacent currently undeveloped site of between 24,000 to 26,000 square feet, with river frontage for a further sum of £1m on acquisition and Planning Permission being granted for development. Rates: The premises have yet to be assessed for Business Rates. |
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