Live music venues for sale in Colindale

View the "A new Licence/Lease on this ground floor, public house with separate function room located in excellent location at Edgware Road," below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Imran Ahmed (Nov 2014)
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Leasehold Price: £110,000
Request Details
Business Description
Dear Sirs,

STRICTLY PRIVATE AND CONFIDENTIAL - PLEASE DO NOT APPROACH STAFF.
WE ARE INSTRUCTED BY THE FREEHOLDER OF THE PROPERTY NOT THE MANAGER SO IF
VISITING THE PREMISES AS A CUSTOMER, PLEASE DO SO WITH DISCRETION - THANK
YOU!!!

London Victoria Properties are pleased to offer on the market:-

A new Licence/Lease on this ground floor, public house with separate
function
room located in excellent location at Edgware Road, Colindale, NW9 6LU.

Prime position.

INGOING COSTS ARE:

3 months rent in advance: £21,250
The equivalent of 3 months rent security deposit: £21,250
Admin Fee: £500 (which includes preparation of a 6 Year Licence/Lease
prepared
in-house. If you are seeking a lease longer than 6 years, then this will
need
to be registered with Land Registry and therefore solicitors instructed.
You
will then be liable for both parties legal fees.
Premium: £110,000
Rent: £85,000 per annum (payable quarterly)

TOTAL INGOING COSTS TO TAKE THE PROPERTY: £153,000
(6 Year Licence/Lease without solicitors or 10/15 or 20 year lease with
solicitors)

Business Rates are: Rateable Value is £19,000 with actual rates payable of:
£7,866 per annum. These are currently being appealed by the landlord. New
businesses may also be able to apply for discount (Transitional Relief).

To arrange a formal viewing, please contact us on 0330 133 0526 or
07758265681.
Tenure: Leasehold

Location Details:

A new Licence/Lease on this ground floor, public house with separate
function in Prime position.

Leasehold Term:

3 months rent in advance: £21,250 The equivalent of 3 months rent security deposit: £21,250 Admin Fee: £500 (which includes preparation of a 6 Year Licence/Lease prepared in-house. If you are seeking a lease longer than 6 years, then this will need to be registered with Land Registry and therefore solicitors instructed. You will then be liable for both parties legal fees. Premium: £110,000 Rent: £85,000 per annum (payable quarterly)

Listed by: London Victoria Properties
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Colindale
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