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Restaurant for sale

Cowley Road, Uxbridge, Middlesex

Guide Price £365,000

Property Description

Commercial information

  • Use class orders: A3 Restaurants and Cafes

Key features

  • Successful established business in same ownership since 2004
  • Well appointed refurbished premises
  • Close to town centre
  • Freehold includes entire building with ground rental income from flat above

Full description

Freehold for sale and ground rental income from flat above together with Indian restaurant business (premium payable). Located on the main A408 Cowley Road close to Uxbridge town centre.

LOCATION: On the main busy Cowley Road, close to Uxbridge town centre with Metropolitan/Piccadilly line tube station amidst a densely populated residential and commercial environment.

DESCRIPTION: Restaurant - 12'10 (3.65m) widening to 16'2 (4.87m) x 47'0 (14.32m) overall, providing 48 covers and including bar area with chiller, stainless steel bowl & drainer etc. Ladies & Gentlemens' Toilets: Well appointed with fully tiled walls. Kitchen: 19'2 (5.79m) x 14'0 (4.26m) with extensive stainless steel fittings, extractor unit, cold store, gas boiler providing hot water. Double door to outside rear. Outside: Shed 13'10 (3.96m) x 8'10 (2.43m) with power & lighting, off-road parking area with access from Hinton Road.

NOTE: Ground rental income from two bedroomed flat at first floor level to be confirmed. We are advised the lease on the flat has an unexpired term of approximately 60 years.

GUIDE PRICE: £365,000 for the Freehold and ground rental income from flat above.

PREMIUM: £70,000 for the goodwill of the business and fixtures & fittings.

Business Rates: - We are advised the Rateable Value for 2010 is £6,100. Rates payable for 2016/2017 are 49.7p in the £. However, we understand from our clients that business rates are not currently being levied by the Local Authority on the commercial element of the building.

Services: - Mains Gas, Electricity, Water & Drainage.

E.P.C. Rating: - 'E' (123).

Viewing: - Strictly by appointment with R Whitley & Co.


More information from this agent

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