HIGH STREET RESTAURANT TAKE-AWAY WITH RENTAL INCOME – EDGWARE
Price:
Leasehold - £74,950
Location:
London, North London, Edgware
Business Type:
Food Service Businesses
LOCATION: Situated on a busy High Street location with heavy footfall. Close to bus stops, train station and car park.
DESCRIPTION: The premises have a modern aluminium shop front which is 18’7” wide. There are electric steel shutters to the front. Internally there is fast food style seating for 48 which is approximately 300 sq ft. There are ceramic floor tiles, a suspended ceiling and partly mirrored walls. The kitchen area behind the counter is 14 ft in length. Towards the rear there is a kitchen and a prep/storage room. There is a yard at the rear which has parking for 2 vehicles. Access to the flat is from the rear iron staircase.
EQUIPMENT: The business is extremely well equipped for the trade. There is a superb 7 minute automatic pizza oven, 6 hob gas burner, 4 steel worktops, industrial chopper, Tandoori oven, large ‘Fimar’ gas grill, double chip fryer, under-counter fridge, hot display cabinet, digital till, double donner machine, single donner machine, 3 large extractor hoods, tall fridge, tall freezer, industrial microwave, double steel sink, industrial dishwasher, chicken steamer, large chest freezer 6ftx6ft walk-in freezer, deli display fridge (8ft), basin, double under-counter steel fridge and dough mixer.
BUSINESS: The business has been trading as an A3 business for over 20 years. The business is currently taking £2,500 - £3,000 per week. The owner is supported by 2 full time staff earning £300 p.w.
HOURS: 11am – 11pm over 7 days. Potential to apply for late licence.
ACCOMM: There is a self contained 3 bedroom flat included which generates a rental income of £23,000 p.a. Four rooms are let on separate tenancies.
TENURE: There are 8 years left on the lease with the next rent review in 2013. The current rent is £31,000 per annum with reviews every 5 years.
RATES: Business rates payable are approx £6,700 p.a.
Situated on a busy High Street location with heavy footfall. Close to bus stops, train station and car park.
There are 8 years left on the lease with the next rent review in 2013. The current rent is £31,000 per annum with reviews every 5 years.
11am – 11pm over 7 days. Potential to apply for late licence.
There is a self contained 3 bedroom flat included which generates a rental income of £23,000 p.a. Four rooms are let on separate tenancies.
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