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 with remote access, two person passenger lift, 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.
Number of Employees:
The Restaurant is at present operated by the vendor on a part time basis with the assistance of 7 fu
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.
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
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