Fully Fitted Licensed Restaurant with Self-Contained Residential Accommodation Lease for Sale

LOCATION:

Situated in an excellent position on The Broadway, Mill Hill close to other occupiers such as M&S Food, Costa, Wenzel’s, HOB Salon, Boots Opticians, WH Smith etc.  Mill Hill is an affluent area with a variety of shops, boutiques, cafes and restaurants and is accessed by the A41 which provides a fast route to Central London and via the A1 to the M25.  There is good levels of day and night time trade in this location.

DESCRIPTION:

Fully fitted restaurant with 45 covers and self-contained 3 bedroom residential accommodation above. The restaurant has the extra benefit of an al fresco seating area outside the property on the roadway provided by the London Borough of Barnet. The kitchen is a part open kitchen with prep and cooking area as well as wash area, staff room/dry goods storage

USES:

Class E with alcohol license.

PREMIUM:

£170,000 is sought for the goodwill, fixtures, fittings and equipment.

RENTAL:

£45,626 per annum & held on a 20 years lease with 11/12 years remaining

BUSINESS RATES:

London Borough of Barnet - Rates payable are £13,722.50, please make your own enquires with the local authority.

SIZE:

1082 sq ft (100.55 sq m)

OPENING TIMES:

7 days a week 9:00 am - 9:00 p.m

STAFF:

Staff 10 part time staff

UPPER PARTS:

Self-contained 3 bedroom residential accommodation above. The residential accommodation is currently sub-let at (£1600 per calendar month)

TURNOVER:

Current turnover in excess of £234,000 per annum

LEGAL COST:

To be confirmed

ENERGY PERFORMANCE CERTIFICATE:

Energy Performance Asset Rating is 73 Rating. C copy of this property’s energy performance certificate is available on request

HOLDING DEPOSIT:

A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account

REFERENCE CHARGE:

London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non- refundable after the references have been taken up, whether they are accepted or not by the Landlord.

FIXTURES & FITTINGS:

Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition

AGENT NOTE:

London Properties for themselves for Lessors, Vendors and their agents, give notice that:- 

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries. 

2. These details do not constitute any part of an offer or contract. 

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties. 

4. All rent prices, fees and charges are quoted exclusive of VAT

VIEWINGS:

Through London Properties by appointment only

MAILING LIST:

We at the London Properties Sales Team hope to be in regular contact with you to assist in your search for a suitable property. To keep our records up to date we request that you keep us informed as to the progress of your search so as to avoid any unnecessary inconvenience. Thank you for your assistance in this matter.

DETAILS BY E-MAIL:

We can send full colour sales particulars by e-mail. If you would like to receive details via this medium, please either telephone us with your e-mail address or send an e-mail to the sales team at:

info@london-properties.co.uk

FREE VALUATIONS &

MARKETING ADVICE:

We at London Properties would like to assist you with the sale of your property? Just contact the sales team and we will be pleased to offer you a free valuation and market appraisal, a service that we provide with obligation. Competitive fees are available for both sole and multiple agency instructions. Please contact the sales team on:

020 8861 4615