Advert Details

Advert Ref: 6446

Rare Freehold Opportunity in Harrow with Valuable Maisonette For Sale

Details: Asking price:£950,000; Sales revenue:£300,000; Net profit:£90,000; Fixtures value:Undisclosed; Inventory value:£5,000

Business description: Recently refurbished locals' lounge bar in Pinner Road, Harrow HA2 6ED. Lounge Bar, fully equipped catering kitchen seldom used, 3 bed maisonette over bar with vacant possession. Main road location on A404. Ample parking close by or along the Boardwalk. 1/4 mile from North Harrow Tube Station, 500 barrels.

General information: Years established:80; Employees: 8; Trading hours: Sun-Thurs: 10am-Midnight; Fri-Sat: 10am-1am; Property:Freehold; Lease terms:The owner would consider granting a new free of tie lease at terms to be agreed to a suitable applicant.; Living accomodation:3 bed maisonette over the pub with lounge, dining room, kithen and bathroom with separate entrance from the rear.; Location:Set on a terrace of mixed retail and commercial businesses fronting the west side of Pinner Road and known as the Boardwalk.; Expansion potential:Definately opportunity to serve more food which currently only generates around 5% of the income. The business is operated as a "way of life" by choice and could become more commercial. The maisonette is valued in excess of 300K on its own.; Competition / Market:Many other licensed premises in the area but few of equal or better quality.; Support & training:Our client wll help as much as required between exchange of contracts and completion.; Reasons for selling:Retirement; Financing available?Pur brokers will be pleased to discuss funding this freehold opportunity.