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Primrose Hill Road, London

1,772 sq. ft. | £99,000

Property Description

Commercial information

  • 1,772 sq ft (164 sq m)
  • Use class orders: A3 Restaurants and Cafes

Key features

  • 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 or

Full description

Warren Anthony Commercial are delighted to bring to the market this award winning restaurant with lease only, fixtures and fittings for sale (business excluded) prominently located on Primrose Hill Road ideally situated within walking distance of the open spaces Primrose Hill and all the amenities of the picturesque Primrose Hill Village.

An impressive restaurant with quality tiled floor, ceiling lighting, 2 air conditioning/heating units, quality tables and chairs with seating for 34 persons, open plan kitchen with quarry tiled floor, pizza clay oven, stainless steel extractor unit, 6 burner gas cooker with oven, double deep fryer, 2 fridges, 1 x 3 door stainless steel counter fridge, 1 x 2 door stainless steel counter fridge, double sink and drainer, dishwasher, stairs to basement fully fitted ladies cloakroom with WC, wash hand basin, electric hand dryer, fully tilled male cloakroom with WC urinal, wash hand basin, office, staff room, storeroom with 2 chest deep freezers, 2 large fridges, 1 fridge/freezer, air conditioning, sound system, CCTV system with remote access, two person passenger lift, store room, under floor heating, off street parking for two cars and yard.

Use A3/A4 and A5 restaurant and cafe plus drinking establishment and licensed.

Business it having operated as a licensed family restaurant serving quality prepared food and we are informed that the turnover is in the region of £7,500 per week therefore, offering we believe tremendous potential for further development this in the right hands and included in the turnover is £1,500 per week approx from deliveries. The business also has its own website bringing in further catering enquiries.

Premium £99,000 subject to contract for the benefit of the lease only, fixtures and fittings with business excluded.

Rental £30,000 per annum exclusive of rates up to August 2019 with rent to be agreed thereafter.

Terms with we understand the premises are held on a secure renewable lease this from a private landlord having 9 years approx remaining and due for review in August 2014. However, still under negotiation with we understand the maximum rent to be increased to will be £30,000 per annum exclusive of rates up to August 2019 with rent to be agreed thereafter.

Business rates we have been advised by the current owner that the rates payable are £6,750 per annum with all interested parties recommended to make their own enquiries with the London Borough of Camden.

Size 1,772 sq ft approx arranged on ground floor 1,083 sq ft approx and basement 689 sq ft approx.

Opening hours 7 days a week between 9.30 am - 10.30pm.

Staff with the restaurant at present operated by the owner this on a part time basis with the help of 7 full time plus 4 part time staff with drivers also employed for deliveries. It will be appreciated upon inspection that with a more active family run business the wage bill will be reduced.

Turnover with we understand a current turnover in the region of £390,000 per annum.

Accounts available on request to interested parties only.

Stock on valuation £3,000 approx.

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

Local authority London Borough of Camden.

Energy performance certificate with an energy performance asset rating of 75-C with a copy of this property's energy performance certificate available on request.
Utilities with we understand all main services are connected.

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.

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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