Large Restaurant for sale in East Finchley with a Separate Fish & Chip Takeaway Unit & 4-Bed Flat Included

Large Restaurant with a Separate Fish & Chip Takeaway Unit. 4-Bed Flat Included

Property ID: RPS-20554

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.

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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.