Ref 5999 – Leasehold Former Chinese Takeaway With Accommodation Blacks Brokers are proud to bring to the market this leasehold former Chinese takeaway with accommodation located in a densely populated and much sought-after area of London. Introduction
This closed takeaway at 41 Linnell Road was previously trading for around 40 years. This trading position is well-known in this area and the business had a large and regular base of customers locally in addition to gaining much business from tourists and visitors to the area. Location
The property is positioned on the corner of Vestry and Linnell Road in Southwark SE5. This area is densely populated, close to Denmark Hill Station, Peckham Rye Station and Kings College Hospital. The business is also located close to University of the Arts London, Camberwell college of Arts. Reason for sale
The business is only being offered for sale due to our client’s other business commitments. Lease
Full lease details are to be confirmed. The current lease is 20 years in length running at a cost of £285 per week. The lease can renewed should a new owner wish to. Building layout and design
The business is housed within the ground floor of a corner unit at the end of a row of mainly residential properties. The shop is still very well branded, having only recently closed with striking signage on display and a mainly glazed frontage to both sides with metal shutters in place. Inside is a well-presented waiting area with servery counter positioned to the rear and kitchen area behind – this is well equipped with good quality fixtures and fittings in place and a storage room and staff toilet. The property has an A3 the first floor is a three-bedroomed accommodation with living room and bathroom. All areas are well presented with good quality fixtures and fittings in place. Financial details
There is no financial information available as the business is no longer trading. Summary
This leasehold business offers a new owner a well-placed trading position with accommodation and having only recently closed, chance to re-engage the large customer base already in place in this area. The space would suit a variety of cuisines and there is plenty of scope for expansion into deliveries in this area – which is very much in demand. This proposition would ideally suit an owner operating team looking for premises with accommodation included, able to push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £35,000.
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