Large Restaurant for sale in East Finchley with a Separate Fish & Chip Takeaway Unit & 4-Bed Flat Included
Large Restaurant for sale in East Finchley with a Separate Fish & Chip Takeaway Unit & 4-Bed Flat Included
Overview
Description
Large Restaurant with a Separate Fish & Chip Takeaway Unit. 4-Bed Flat Included
MAIN FEATURES
4-Bed Flat Included (Potential rental income of £3,200 per month)
Circa 80 Covers Restaurant & a Separate Takeaway Unit
High Footfall and Great Visibility
Circa 1872 Sq. Ft with 80 Covers
Gas and Extraction in Place
LANDLORD’S REQUIREMENTS
3-6 Month’s Rent deposit subject to references
Personal Guarantor subject to references
Proof of funds
LEASE DETAILS
Lease: Ending 2041 (Inside the Act of 1954)
Rent: £60,000 PAX
Rent Review Term: Every 5 years
Next Rent Review: 2027
Premium: £245,000 (Business, Lease & FF&E) + SAV
THE PREMISES
Circa 80 Covers Restaurant
Circa 1872 Sq. Ft
Separate Takeaway Unit
Payable Business Rates: Circa 19,086/annum (Rateable Value: 38,250)
Fully Equipped Commercial Kitchen
Current Opening Hours: Sun– Sat(11:30 am – 10:00 pm)
Gas and Extraction in Place
THE LOCATION
East Finchley N2
0.2 miles to East Finchley
TRADING & FINANCIALS
Gross Sales Revenue: We have been informed that the restaurant generates gross revenue of circa £780,000 per annum (£15,000/week).
Our client currently manages the restaurant with 5 Full-time Staff, 2 Part-time Staffs.
VIEWINGS & CONFIDENTIALITY
All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.
Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.
DISCLAIMER
The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.
Leasehold Terms:
Is this business relocatable:
Is stock included:
Website address:
Listed By:
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