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MAIDA VALE LONDON W9 RESTAURANT FOR SALE

Price:
Leasehold - £65,000
Turnover:
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Seller Ref:
LR8522
Location:

London, MAIDA VALE

Business Type:

Food Service Businesses

See Other:
Bistros for sale in London
Chinese restaurants for sale in London
Indian restaurants for sale in London
Restaurants for sale in London
Thai restaurants for sale in London
Food service businesses for sale in London
Description:
THE BUSINESS:
Licenced Restaurant Premises suitable for a wide variety of cuisines. The property could easily, and economically, be converted to almost any form of Restaurant, and even a modern English of Continental style Café. Our Client only uses the commercial basement kitchens to support his existing business, that being a well regarded Chinese/Thai/Indian food Delivery operation. Almost 100% of the business is generated by Internet based corporate orders from both existing cultivated Corporate Clients throughout the City & West End of London, as well as private individuals. The nature of the business is such that our Client is prepared to work alongside the purchaser for up to 3 months following completion to ensure the seamless transfer of the business.

Ground Floor: The property occupies a bold corner location (with valuable return frontage) in a total of some 350 sq.ft. This area has an unusually high ceiling and provides comfortable seating for 24 diners. Rear Bar/Servery with Espresso Coffee machine, single stainless steel sink and drainer, Dishwasher, Microwave Oven, Stainless Steel Fridge with matching Freezer and upright glass fronted cold Wine Fridge. This level also houses a single WC for customer use, a hot water boiler and alarm control system.

Staircase down to:

Basement: In a total of some 460 sq.ft. This level comprises the Commercial Kitchens & preparation facilities. Tiled floor throughout, with mostly tiled walls to both elevations. The equipment includes: 4 Burner Cooker with extractions canopy above, Hobart Mixer, ‘Rational’ Oven, 2 industrial Microwave Ovens, a Tandoori Oven, Island range of stainless steel preparation surfaces and a number of fridges and freezers. This level also provides staff WC facilities, an Office which deals with and administers of orders via the Internet & telephone, and a number of under pavement vault stores.

Exterior: Comprising a very small area with access to the side road, which is very useful for both deliveries and collections.
Location Details:
Maida Vale is a residential district in West London between St John’s Wood and Kilburn. It is part of the City of Westminster. The area is mostly residential, and mainly affluent, consisting of many large late-Victorian and Edwardian blocks of mansion flats. It is also home to the BBC Maida Vale Studios. Maida Vale is usually regarded as being bounded by Maida Avenue and the Regent’s Canal in the South, Maida Vale road to the north east, Kilburn Park Road to the north west, and Shirland Road and Blomfield Road to the south west. The southern part of Maida Vale around Paddington Basin, a junction of two canals with many houseboats, is known as Little Venice. The area to the south-west of Maida Vale, at the southern end of Elgin Avenue, was historically known as "Maida Hill", and was a recognised postal district bounded by the Avenues on the west, the Grand Union Canal on the south, Maida Vale to the east and Kilburn Lane to the north. Parts of Maida Vale were also included within this.
Lease Terms:
Renewable lease with some 2 years remaining. Our Client is prepared to approach the landlords in connection with their granting a new lease to the purchaser, and is prepared to do this once terms have been agreed in principal, and the purchaser has demonstrated their ability to provide satisfactory references and evidence of their financial standing to complete their purchase. Rent £15,700pa.
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