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Pub for sale

High Street, Edgware, Middlesex

Guide Price £440,000
1,454 sq. ft.

Property Description

Commercial information

  • 1,454 sq ft (135 sq m)
  • Use class orders: A4 Drinking Establishments

Key features

  • A well established air conditioned club premises/well fitted licensed Indian restaurant 1,454 sq ft approx arranged mainly on the first floor with ground floor entrance hall with separate chiller room
  • The club is located on the first floor above a small parade of shops on High Street, Edgware is fully air conditioned with seating for up to 90 people plus fully fitted kitchen and separate male and f
  • The club/restaurant comprises a bar, with 3 plasma and 1 large screen plus 2 fruit machines with a jackpot of 250.00.
  • It is located on a busy parade of shops in the heart of Edgware town centre within 10 miles approx north west of Central London with good access to the M1, M25 and M40 motorways.

Full description

Warren Anthony Commercial are delighted to bring to the market this well established air conditioned club premises/well fitted licensed Indian restaurant 1,454 sq ft approx arranged mainly on the first floor with ground floor entrance hall with separate chiller room and storage with outside rear yard with access via the fire escape at the rear of the first floor to include bin store and separate side access plus unofficial parking for 3 cars to the front.

The club is located on the first floor above a small parade of shops on High Street, Edgware is fully air conditioned with seating for up to 90 people plus fully fitted kitchen and separate male and female toilets.

The club/restaurant comprises a bar, with 3 plasma and 1 large screen plus 2 fruit machines with a jackpot of £250.00.

It is located on a busy parade of shops in the heart of Edgware town centre within 10 miles approx north west of Central London with good access to the M1, M25 and M40 motorways. The property is also close to Edgware underground station, Broadwalk Shopping Centre with in excess of 40 shops including Sainsbury's and Marks and Spencer. Other traders nearby include Paddy Power, William Hill, Aviv Restaurant and Zanzibar.

The first floor premises together with the entrance hall and stairway from the ground floor leading to the club/restaurant are held by way of a 999 year lease from 25 March 1984 with 966 years approx remaining at a ground rent of £15 per annum exclusive.

Also the roof space above the first floor this held by way of a 999 year lease from 25 March 1984 with 967 years approx remaining plus the rear year yard also held by way of a 999 year lease from 25 March 1984 with 967 years approx remaining.

Price with a guide price of £440,000 subject to contract.

Alternatively, available by way of a new full repairing and insuring lease for a term to be agreed subject to periodic upward only rent review(s) at a rental of £25,000 per annum exclusive plus goodwill at a price to be negotiated subject to contract.

Opening hours Monday - Saturday 5pm - 11pm and Sunday 5pm - 10.30pm.

Licensed for the sale of alcohol Monday - Saturday 8 am - 11pm and Sunday 8 am - 10.30pm.

Turnover for the sale of drinks only with we understand a current turnover in the region of £92,000 approx with potential to increase subject to longer opening hours and the inclusion of food with the kitchen currently let on a weekly basis at £300 per week with all drink and food sold separately.

Business rates with rateable value of £5,000 but we understand that according to the current owner he has paid nil rates for the last 5 years subject to the benefit of the small business rate relief scheme with all interested parties recommended to make their own enquiries with the local rating authority at the London Borough of Harrow.

Alternatively there is potential to convert the first floor together with roof space into flats and/or offices subject to landlord's consent and/or planning permission.

Staff owner managed with 1 full time staff.

Legal costs to be confirmed.

All main services/utilities are we understand 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.

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

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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