Property description
Location: The property is situated on the A41 Warford Way in Hendon, approximately equidistance from both Colindale and Hendon Central Underground services wich provide Northern Line services to Central and South London.
Hendon is an affluent suburb of North London that lies on the M1 which in turn connects to the M25 some 10 miles to the North West.
Description: The restaurant is fully fitted, has been tradding successfully for over 35 years and provides and excellent turnkey opportunity for owner operators.
The sales area comprises approcimately 62 covers with a service bar and the WCs leading odd to the side. At the rear is access to the commercial kitchen with cooking extract and leading off that are the stores incorporating a walk in cooler. At the back of the property is a small yard and access road for deliveries.
Premises License: We are advised that the property has the benefit of a Premises Licence that allows the sale of alcohol on or off the premises
Business rates: The VOA website advises that the current Rateable Value is £12,750 which at 47,1p in the £ give rises to rates payable of approximately £6,000 (excluding supplements) for 2013/2014.
Tenure: The demise is held on an existing effective FR&I lease for a term to expire February 2015 and incorporate an option for a further 16 years extending the expiry to 2031.
Rent: We have been advised that the current rent under the lease is £13,400 per annum exclusive.
Price: £70,000, subject to contract for their leasehold interest, fixtures fittings and premises licences.
Please Note: All figures quoted are exclusive of VAT wich could be chargeable on the rent, rent deposit and premium / price, no services or equipment have been tested, no trade us sold or warranted, an EPC is avaliable upon request, possession will be granted only upon completion of the legal formalities and each party is to bear their own legal costs.
Notice
All photographs are provided for guidance only.