Leasehold Freehold Licensed Restaurant In Middlesex For Sale

Business description

On a busy main rd, in parade of local shops, densely pop area, etc. 900 sq ft, 49 seats, tkg £4,000 pw. Upper parts sold on long lse, ground rent £66 pa. Freehold £495,000 or Leasehold – New 16 yrs lse, 4 yrly reviews, rent £18,000 pa, rates £1,500 pa.

Double fronted corner premises has wooden frame frontage. Internally the restaurant is arranged on ground floor and basement levels measuring approximately 2,000 sq ft overall. The fully air conditioned and wooden floor ground floor comprises seating area for 50+ customers, drinks bar with dumb waiter. There is a rear access leading to fire exit. Staircase descends to basement comprising function room/restaurant area, fully fitted kitchen, preparation, washing up area, good size stock room and two separate store rooms. There are well appointed ladies/gents toilets/washrooms and fire exit leading to ground floor.

Property information

Property:

Freehold

Lease terms:

New renewable 16 years lease (negotiable) with 4 yearly rent reviews @ an initial rent of £18,000 pa

Leasehold rent:

£18,000 per annum

Living accommodation:

Ground rent £66 pa.

Location:

In a parade of local shops on a very busy main road and is close to main town centre, A40 & Heathrow Airport. The premises is surrounded by thickly populated residential area.

Premises details:

Single fronted restaurant has aluminium frame frontage and electrically operated canopy. Internally the fully air conditioned restaurant measures approximately 900 sq ft comprises main restaurant with contemporary decor and had capacity for 49 customers. There is drinks bar area, well appointed ladies/gents toilets/washrooms. At the rear of the main seating area is fully fitted kitchen and large walk in cold room. There is a rear access leading to the yard with storage shed and parking space for 2 vehicles.

Size in square feet:

900

Planning consent:

Fully Licenced with A3 use

Business Operation

Expansion potential:

Staff run so great potential to increase business in very densely populated area with outside eating culture.

Competition / Market:

Business has been in same hands for 6 years and currently takes £4,000 pw.

Reasons for selling:

Family dispute

Trading hours:

Mon – Sun noon – 2.30 pm & 6.00 pm – midnight

Employees:

Family

Years established:

6

Other information

Support & training:

Available if required

Leasehold asking price:

£100,000 (Furniture / Fixtures included)