Shop for saleKingsbury Road, London
1,800 sq. ft. | £200,000
- 1,800 sq ft (167 sq m)
- Use class orders: A3 Restaurants and Cafes
- A3, A4 and A5 authentic cuisine Indian restaurant on ground floor 1,800 sq ft approx with two bedroom upper part currently let and producing £11,000 per annum
- Available on a full repairing and lease for a term of 15 years from 2004 with next rent review in 2016 at a rental of £24,000 per annum exclusive and premium of £200,000 subject to contract
Warren Anthony Commercial are delighted to bring to the market this mid terraced licensed A3, A4 and A5 authentic cuisine Indian restaurant on ground floor 1,800 sq ft approx with two bedroom upper part serving the local community and benefits from being on a main road.
Occupying a prominent trading location with excellent access to major roads and motorway links including the A41 and M1 in this densely populated town of Kingsbury near to Edgware and Mill Hill.
The business has been run by the current owners for over 9 years and it now requires a new owner to take the business forward by looking and introducing the latest offering suitable for a 21st Century licensed Indian restaurant and takeaway.
The upper part is currently sub let on an Assured Shorthold Tenancy to produce a useful supplementary income of £11,000 per annum which will considerably off set the principal rental figure. Also enjoys the benefit of gas central heating and double glazing throughout.
The premises are prominently located occupying an outstanding trading position on this busy and vibrant High Road with the parade serving a densely populated residential and commercial area with many local and multiple traders nearby.
The nearest underground station is Kingsbury Jubilee Line with 10 minutes approx walk with Wembley Park Jubilee and Metropolitan Lines within 5 minutes approx by car.
The premises comprise a most comfortable established air conditioned, heated and well fitted authentic cuisine Indian restaurant with bar area and up to 90 covers with large kitchen fully fitted with the necessary equipment with aluminium shop front, electric roller shutters, spotlights and CCTV monitored alarm system.
The two bedroom upper part with separate access from the rear is arranged over two floors and currently let producing £253.84 per week/£11,000 per annum.
Available on a full repairing and insuring lease for a term of 15 years from February 2004 with next rent review in 2016 at a rental of £24,000 per annum exclusive and premium of £200,000 for the benefit of the lease, business, goodwill, fixtures and fittings plus stock at valuation.
Business rates £10,000 per annum approx with interested parties recommended to make their own enquiries to Brent Council.
Opening hours Monday to Sunday 12 pm noon to 12 pm midnight.
Turnover we are advised currently in excess of £360,000 per annum approx with much scope to increase with gross profit in the region of 30.24%.
This we understand is a profitable running business with accounts available for inspection upon request.
Utilities and all main services are we advised connected.
We are advised that all trade fixtures and fittings are owned by the current owners outright and will be included in the sale subject to inventory.
A holding deposit will be required to secure the property to buy a period of exclusivity and will be held in the client account of Warren Anthony.
Legal costs with each party to bear their own incurred.
Warren Anthony will charge a fee of £250 plus VAT for taking up references for the proposed tenant with fee non refundable once applied for whether accepted or not by the landlord.
For more information or appointment to view please contact our Watford office on 01923 220 012 or www.warrenanthony.co.uk
Warren Anthony Commercial have not tested any apparatus, equipment, fittings or services and so cannot verify they are in working order with the buyer advised to obtain verification for themselves or from their solicitor.
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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