Restaurant (Currently trading as Valentina Deli & Kitchen), 210 Upper Richmond Road West, East Sheen, London, SW14 8AH

This terraced, ground floor and basement, high street property, is currently operated by the landlord under his Valentina Deli and Kitchen restaurant brand. The restaurant offers an authentic, true-to-cuisine experience for Italian food and wine enthusiasts in East Sheen. It offers a changing seasonal menu using fresh, high-quality ingredients from carefully chosen reputable Italian producers. It serves tasty homemade Italian coffee and fresh Italian pastries, as well as over 50 regional Italian wines for retail or restaurant purchase.

Upper Richmond Road West, part of the South Circular, is a bustling thoroughfare with a high concentration of residential properties. It features a diverse array of shops and restaurants and benefits from direct transport links to Waterloo via Mortlake and Barnes Stations. The property is well-positioned on the High Street, attracting significant footfall.

This property is air conditioned and fitted with CCTV and a security alarm system. There is a fully euipped bar and deli counter serving diners in the 50-cover restaurant area. There is a unisex customer toilet and a fully fitted, commercial kitchen to the rear.

All trade fixtures and fittings in the property are included in the sale with some minor exceptions which include the neon Valentina signange.

The basement includes a kitchen prep area, walk in fridge/freezer, an office and storage facilities.

There is rear access to the property for loading/unloading and refuse collection only.

There is a fantastic opportunity for an experienced restaurant operator, with high street experience, skilled in mediterranean cuisine or similar, to establish a brand new food offering in this modern restaurant unit. The business doesnt currently make full use of the licensable hours presenting and opportunity for a new operator to explore a breakfast offering.

A full list of staff contracts will be made available to seriously interested applicants following viewings.

VAT statements provided by the owner show that as of 30/09/2024, the business generated an annual turnover of over £421,178 net of VAT. Statements will be made available to seriously interested parties on request after a formal viewing of the business has been undertaken.

The opening hours of the premises are as follows:

Monday to Thursday 12:00 - 15:00 & 17:30 - 22:00
Friday to Saturday 12:00 - 22:00
Sunday 12:00 - 17:30

Licensed opening hours:

Monday to Sunday – 8:00 to 23:00

A full copy of the premises license will be made available for applicants to view.

The property is offered on a fully repairing and insuring lease for a term of 10-15 years, contracted out of the landlord act 1954. The annual rent is to be £45,000 per annum and will be reviewed every 5 years. A 3-6 month rent deposit will be sought by the landlord depending on the strengh of the covenant. The current trading name is part of a brand and therefore, the signage will need to be changed to a new name on completion.

The VOA lists the property with a rateable value of £17,000 from April 2023. The local authority is Richmond-Upon-Thames.