The London & South East office of licenced property specialist Sidney Phillips, is offering a popular Mediterranean restaurant for sale within the London Borough of Bexley.
Avenida is a well-known restaurant and venue, having been under its current ownership for 44 years. The business boasts a prominent position along Bellegrove Road, the main thoroughfare running through the heart of Welling.
Occupying a ground floor lock-up restaurant unit, the property offers a sizeable open plan dining area currently configured for 140 with room for more if desired.
Robert Cockayne, of Sidney Phillips, who is handling the sale, commented: “Avenida is one of the premier restaurants in the area, well-known for its traditional Mediterranean food offering and hugely popular music nights. Despite its heritage, the property could well suit a range of cuisines including Oriental, Indian or British.”
The property is offered on a new free-of-tie lease with a length to be agreed, with a guide rent of £35,000 per annum.
The leasehold interest of Avenida is being marketed off an asking price of £150,000.
For further information about this business for sale, please contact Sidney Phillips’ London & South East office on 01892 725900.