Restaurant for sale

Kingsbury Road, London, NW9

£200,000

Property Description

Commercial information

  • Business for sale

Full description

LOCATION: The premises are prominently located on occupying an outstanding trading position in a busy High Road position on Kingsbury Road. The parade services a densely populated residential and commercially vibrant area with an array of independent retailers and traders nearby. The nearest underground station is Kingsbury (Jubilee Line) 10 minutes walk or Wembley Park (Jubilee & Metropolitan Line) 5 minutes by car

DESCRIPTION: The premises comprising a comfortable established air conditioned and heated and well fitted authentic Indian cuisine restaurant with bar area and 90 covers, with large kitchen area and fully fitted with the necessary equipment also benefits from aluminum shop front with electric roller shutters, spotlighting and CCTV monitored alarm system . The two bedroom upper parts are entered to from the rear of the property and are arranged over two floors which are currently let producing 253.84 per week (11,000 pa).

BUSINESS: The business has been run by our clients for over 9 years. It now requires a new owner to take the business forward by looking and introduce the latest offering suitable for a 21st Indian Licenses Restaurant & Takeaway.

COVERS: Stylish and spacious 90-cover parade premises

USES: A3, A4 & A5

TERMS: The property is held on a full repairing and insuring lease granted in February 2004 for a term of 15 years & next rent review in 2016.

PREMIUM: 200,000 for the benefit of the lease, fixtures, fittings and goodwill.

RENTAL: 24,000 per annum

BUSINESS RATES: 10,000 per annum approximately. Interested parties are recommended to make their own enquiries with the Rating Department of Brent Council

SIZE: Approximately 1800 sq ft

OPENINH HOURS: Monday - Sunday Noon - Midnight

TURNOVER: Current turnover in excess of 360,000 per annum with HUGE scope to increase. GP circa 30.24%

ACCOUNTS: This is a profitable, running business with accounts available for inspection.

UTILTIES: All main services are connected.

FIXTURES & FITTINGS: We are advised that all trade fixtures and fittings are owned outright and will be included in the sale subject to inventory

UPPER PARTS: It should be noted that the private accommodation is currently sub-let on a short hold tenancy agreement to produce a useful supplementary income of 11,000 per annum with considerably off-set the principal rental figure. The property also enjoys the benefit of gas central heating and double glazing throughout

LEGAL COSTS: Each party is to bear their own legal cost

LOCAL AUTHORITY: Brent Council

HOLDING DEPOSIT: A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account.

REFERENCE CHARGE: London Properties charges a fee of 200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord.

VIEWINGS: Through London Properties by appointment only.

Nearest stations

  • Kingsbury (0.6 mi)
  • Colindale (1.0 mi)
  • Hendon (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

London Properties, Middlesex

95 High Street, Wealdstone, Harrow, HA3 5DL

020 3858 2394 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Kingsbury (0.6 mi)
  • Colindale (1.0 mi)
  • Hendon (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

London Properties, Middlesex

95 High Street, Wealdstone, Harrow, HA3 5DL

020 3858 2394 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference kingsburyrd. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by London Properties, Middlesex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.