Sold. Freehold Development Site Currently Run As A Greek/mediterranean Restaurant

Freehold Development Site with full Planning Permission to build Eight Apartments
Currently run as a Greek/Mediterranean Restaurant
Ref.CR162
Location Blackheath, London
Asking Price £ 925,000
Established in 1984 and managed by the current owner since 1996, this restaurant has for nearly 25 years been a firm favourite in what is a highly affluent area of London.

The business offers an a la carte menu of Greek and Mediterranean cusine.Freshly prepared and cooked in a substantial, well equipped kitchen and served in style in a dining area that is full of character and evokes a Grecian atmosphere.

The business has succeeded in achieving a reputation for quality food, friendly service and a lively atmosphere. As a specialist restaurant, the business attracts custom from a large radius that takes in South and East London as well as North Kent.

The restaurant has one hundred and thirty internal covers and additionally has a large terrace that provides eighty covers in a private courtyard to the rear. This space in particular helps to create an authentic atmosphere.

The restaurant has been used as the location for numerous wedding receptions and is a great venue for any type of celebration.

Expansion Potential
This opportunity provides new management with three clear potential paths. Firstly to build on the success of this popular restaurant. The terrace/patio area in particular provides an excellent option to adapt the business to include a separate bar area that would be in keeping with the growth of al fresco wining, dining and socialising.

Market / Competition / Non-Competition Agreements
The business does very little in the way of marketing. A local lifestyle magazine is used periodically to advertise. The business would benefit from a website and some modern online marketing methods.