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Restaurant for sale

Twyford Abbey Road, Hanger Lane


Property Description

Full description

Modern and spacious A3 premises that can be converted into D1 or A1 use (STPP). Perfectly located in the heart of Hanger Lane roundabout with easy access in and out of London. The property is currently an Italian Restaurant and is approximately 1750 sq ft. RENT £50,000 PA.

Location: Busy parade on Hanger Lane roundabout connecting Western Avenue (A40), the North Circular (A406) and Hanger Lane in the borough of Ealing in West London. Seconds away from Hanger Lane Underground Station (Central Line). A number of new hotels encircle this parade of shops.

Description: Approx 1750 sq ft, Recently refurbished, modern, well presented with immaculately finished Italian Restaurant established since 1973 serving quality range of traditional Italian dishes to the locals, hotels, offices and Wembley events.
High turnover business with 85-90 covers, air conditioning system, Ladies / Gents WC & separate staff WC, fully fitted kitchen, cold room, back yard with additional storage and refuse area, rear access for deliveries, 1-2 parking spaces - the property is ready to take over and start immediately.

Interesting option to turn for an A1 or D1 license (STPP).

Rent: £50,000 per annum (£4166 per month)

Premium: £75,000, including fixtures, fittings and goodwill. How is the premium calculated? the premium is based on refurbishment cost carried out by the existing tenants. Rent reviews will be based on the condition prior to refurbishment.

Lease: New 15-20 year renewable

Services: Full repairing and insuring lease

Rates: The rateable value = £20,000; payable, approx £9,000 (before any reliefs or discounts). Interested parties must verify these figures with London Borough of Ealing.

Legal costs: Each party to be responsible for their own legal costs incurred in the transaction.

Viewing: Strictly by appointment only.

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