Restaurants for sale in Muswell Hill

View the "London Properties are pleased to offer to the market this Indian Restaurant" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I love your website – you saved me so much time with my search. I've now bought a restaurant. 

Imran Ahmed (Nov 2014)
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Leasehold Price: £100,000 Price Reduced Annual Turnover: £208,000
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Business Description
LOCATION: The premises are prominently located on popular busy Alexandra Park Road in Muswell Hill in North London with plenty of footfall and traffic & local schools. Located close to Alexandra Place & Muswell hill playing fields

DESCRIPTION: The ground floor has been refurbished to an immaculate standard with up to 75 covers and bar/serving area to front. Kitchens, and ladies and gents W.C.’s are to rear. Large storage area and access for deliveries are also to rear.

USES: A3/A4/A5 Restaurant & Cafes/Drinking Establishments & Hot Food takeaways

PREMIUM: £100,000 Guide price for the benefit of the lease, fixtures, fittings and goodwill.

RENTAL: £22,000 per annum

TERMS: The property is held by a by a full repairing and insuring lease with an unexpired term of approx 18 years. The lease is subject to 5 yearly rent reviews. It is understood that the lease is granted inside the security of the Tenure Provisions of the Landlord and Tenant Act 1954, part two as amended.

BUSINESS RATES: Our client informs us that the rates payable are £7,500 PAX

SIZE: Approximately 979 sq ft

OPENING HOURS: Sunday to Thursday: 5pm - 11pm & Friday to Saturday: 5pm - 11:30pm - Including Bank Holidays.

STAFF: Owner managed with 8 Staff

TURNOVER: Current turnover in excess of £208,000 per annum approximately

ACCOUNTS: Available on requested

LEGAL COST: Each party is to bear their own legal cost but incoming party to pay for freeholders costs

LOCAL AUTHORITY: Haringey

ENERGY PERFORMANCE CERTIFICATE: Energy Performance Asset Rating is 134- F Rating. A copy of this property’s energy performance certificate is available on request.

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

FIXTURE & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition

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:


Sunday to Thursday: 5pm - 11pm & Friday to Saturday: 5pm - 11:30pm - Including Bank Holidays.


Number of Employees: Owner managed with 8 Staff

Tenure: Leasehold

Location Details:

London Properties are pleased to offer to the market this Indian Restaurant prominently located on popular busy Alexandra Park Road in Muswell Hill in North London with plenty of footfall and traffic & local schools. Located close to Alexandra Place & Muswell hill playing fields. The ground floor has been refurbished to an immaculate standard with up to 75 covers and bar/serving area to front. Kitchens, and ladies and gents W.C.'s are to rear. Large storage area and access for deliveries are also to rear. Internal viewings are highly recommended through London Properties by appointment only.

Leasehold Term:

The property is held by a by a full repairing and insuring lease with an unexpired term of approx 18 years. The lease is subject to 5 yearly rent reviews. It is understood that the lease is granted inside the security of the Tenure Provisions of the Landlord and Tenant Act 1954, part two as amended.

Listed by: London Properties
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