Bistros for sale in Hampstead

View the "Award winning restaurant situated Primrose Hill Road" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 The sale came via an enquiry from your website. We're very pleased that it worked so well for us 

Polly Franey (July 2015)
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Leasehold Price: £125,000 Price Reduced Annual Net Profit: £390,000
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Business Description
LOCATION: The premises are prominently located on Primrose Hill Road ideally situated within walking distance of the open spaces of Primrose Hill and all the amenities of the picturesque Primrose Hill Village.

DESCRPTION: Impressive restaurant with quality tiled floor, ceiling lighting. 2 air conditioning/heating units. Quality tables & chairs providing seating for 34 persons. open plan kitchen area with quality tiled floor, pizza clay oven, stainless steel extractor unit, 6-burner gas cooker with oven, double deep fryer, 2 fridges, 1 3-door stainless steel counter fridge, 1 2-door stainless steel counter fridge, double sink & drainer, dishwasher. Stairs to basement fully tiled ladies’ cloakroom with WC. wash hand basin, electric hand dryer, fully tiled gentlemen’s cloakroom with w.c. urinal, wash hand basin, office, staff room, storeroom with 2 chest deep freezes, 2 large fridges, 1 fridge/freezer, air conditioning, sonos sound system, CCTV system, store room, under floor heating, off street parking for two cars and yard.

USES: A3/A4 & A5 restaurant & cafes drinking establishment licensed.

BUSINESS: The business is operated as a Licensed Family Restaurant serving quality prepared food and we are informed the turnover is in the region of £7,500 p.w. in our opinion offering tremendous potential for further development in the right hands. Included in the turnover is approximately £1,500 p.w. from deliveries. The business also has a website which brings in catering enquiries

PREMIUM: £125.000 for the benefit of the lease, fixtures & fittings.

RENTAL: £30,000 per annum. Exclusive of rates up to August, 2019 with rent to be agreed thereafter.

TERMS: We understand the premises are held on a secure renewable lease from a private landlord having approximately 9 years unexpired, due for review in August, 2014, however still under negotiation, however we understand the maximum the rent will be increased to will be £30,000 p.a. exclusive of rates up to August, 2019 with rent to be agreed thereafter

BUSINESS RATES: We have been advised by the client that the current rates payable are £6,750 per year. However, all interested parties are encouraged to make their own enquiries with Borough of Camden.

SIZE: Approximately 1772 sq ft : Ground floor 1083 sq ft & basement 689 sq ft

OPENING HOURS: Open seven days a between 9.30 a.m. - 10.30 p.m.

STAFF: The Restaurant is at present operated by the vendor on a part time basis with the assistance of 7 full time plus 4 part time staff with drivers employed for deliveries. It will be appreciated upon inspection that with a more active husband & wife team, the wage bill could be reduced.

Exterior: Attractive front area with tables & chairs for 15/16 persons

TURNOVER: Current turnover in the region of £390,000 per annum

ACCOUNTS: Accounts available with interested parties

STOCK ON VALUATION: Approximately £3,000

LEGAL COST: Each party to bear their own legal cost.

LOCAL AUTHORITY: Camden

ENERGY PERFORMANCE CERTIFICATE: Energy Performance Asset Rating is 75- C Rating. A copy of this property’s energy performance certificate is available on request.

UTILITIES: All main services are connected.

REFERNCE 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

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

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.
Trading Hours:
Open seven days a between 9.30 a.m. - 10.30 p.m.


Number of Employees:

The Restaurant is at present operated by the vendor on a part time basis with the assistance of 7 fu

Tenure: Leasehold

Location Details:

The premises are prominently located on Primrose Hill Road ideally situated within walking distance of the open spaces of Primrose Hill and all the amenities of the picturesque Primrose Hill Village.

Leasehold Term:

We understand the premises are held on a secure renewable lease from a private landlord having approximately 9 years unexpired, due for review in August, 2014, however still under negotiation, however we understand the maximum the rent will be increased to will be £30,000 p.a. exclusive of rates up to August, 2019 with rent to be agreed thereafter

Listed by: London Properties
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Primrose
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