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Green Lanes, London

1,376 sq. ft. | £160,000

Property Description

Commercial information

  • 1,376 sq ft (127 sq m)
  • Use class orders: A3 Restaurants and Cafes

Key features

  • Warren Anthony Commercial are delighted to bring to the market this fully fitted restaurant with residential upper part located on Green Lanes a short distance from Aldermans Hill and virtually opposi
  • Palmers Green Network rail station is a short walk away.
  • The premises comprise 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 has just been totally refurbished and are entered from the rear of the property and is arranged over two floors and comprises 7 letting rooms, which are currently let producing 650 per
  • 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.

Full description

Warren Anthony Commercial are delighted to bring to the market this fully fitted restaurant with residential upper part located on Green Lanes a short distance from Aldermans 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.

The premises comprise 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 has just been totally refurbished and are entered from the rear of the property and is arranged over two floors and comprises 7 letting rooms, which are currently let producing £650 per week (£33,800 per annum).

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.

Use A3.

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

Rental £37,000 per annum exclusive.

Size 1,376 sq ft (127.90 sq m) approx.

Business rates. London Borough of Enfield with a rateable value of £22,500 and rates payable for 2012/13 of £9,742.50 per annum approx. However, it is recommended all interested parties make their own enquiries with the local rating authority and/or valuation office.

Premium £160,000 subject to contract for the benefit of the lease, goodwill, fixtures and fittings.

Legal costs with each party to bear their own legal costs.

Warren Anthony will charge a fee of £250 plus VAT for taking up references for any proposed tenant. This fee is non refundable after the references have been applied for whether they are accepted or not by the landlord.

A holding deposit will be required to secure the property. The deposit will buy a period of exclusivity and will be held in the Warren Anthony client account.

Any fixtures, fittings, equipment, machinery and plant 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.

Warren Anthony for themselves for the 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 Warren Anthony.

4. All rent, prices, fees and charges are quoted exclusive of VAT.

For more information or appointment to view please contact our Watford office on either 01923 220 012.

Important Notice
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.


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