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Greek Restaurant for Sale

Palmers Green, London


6 bedroom

Leasehold : £ 160,000

The premises are prominently located on Green Lanes a short distance from Alderman’s Hill and virtually opposite McDonalds and Waitrose and surrounded by a number of multiple and independent restaurants and retailers. Palmers Green Network Rail station is a short walk away

DESCRIPTION: Comprising a comfortable well fitted restaurant with bar area and 56 covers, with large kitchen area incorporating a walk-in cold room, all fully fitted with the necessary equipment. The premises are air conditioned/heated.
The upper part is entered to from the rear of the property and is arranged over two floors and comprises seven letting rooms, which are currently let producing £650 per week (£33,800 pa). The net rent after income from the flat above is very small and makes this a profitable business with the majority of your base expenses covered




USES: A3

TERMS: The premises are available on a 15 year full repairing and insuring lease with approximately 11 years remaining with 4 yearly rent reviews.


RENTAL: £37,000 per annum.

SIZE: 1376 SQ FT (127.90 SQ M)

BUSINESS RATES: London Borough of Enfield. Rateable Value is £22,500. Rates payable for 2012/13 is approximately £9,742.50 pa. Interested parties should make their own enquires via the Local Authority or Valuation Office


PREMIUM: £160,000 for the benefit of the lease, fixtures, fittings and goodwill.

LEGAL COSTS: Each party is to bear their own legal cost

REFERENCE 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.

RESIDENTIAL: Comprising seven letting rooms, kitchen and bathroom arranged over two upper floors (not inspected).



VIEWINGS: Through London Properties by appointment only.


Trading Hours: The premises are available on a 15 year full repairing and insuring lease with approximately 11 years remaining with 4 yearly rent reviews
 
Staffing: 4
 
Accommodation: Comprising seven letting rooms, kitchen and bathroom arranged over two upper floors (not inspected).
 
Tenure: The premises are available on a 15 year full repairing and insuring lease with approximately 11 years remaining with 4 yearly rent reviews
 
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240 Advert ID 40681    Sellers Ref : N13 4JG/BSOL

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