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Retail Property (high street) for sale

Watling Avenue, Edgware, Middlesex, HA8

1,500 sq. ft. | £45,000

Property Description

Commercial information

  • Business for sale
  • 1,500 sq ft (139 sq m)
  • Use class orders: A1 Shops and B1 Business

Key features

  • Premium 45.000
  • Uses A1 & B1
  • Rental 18,980 per annum
  • 16 years remaining with 5 years rent review.
  • Size Approximately 1500 sq ft
  • Opening Hours Monday - Friday 10:00 a.m - Midnight & Saturday - Sunday 10:00 a.m - Late
  • Owner managed with 3 full time staff

Full description

Tenure: Leasehold

LOCATION: The premises are prominently located on Watling Avenue near Market Lane and a few moments from the junction of Burnt Oak Broadway, Nearby retailers include Tesco Metro and Burnt Oak station is a few minutes' walk away.

DESCRIPTION: An opportunity to acquire this established cafe/shisha and benefits from shisha seating area, WC, fitted kitchen and small storage area.

USES: A1 & B1

PREMIUM: 45,000 for the benefit of the lease, fixtures & fittings.

RENTAL: 18,980 per annum

TERMS: 16 years remaining with 5 years rent review.

BUSINESS RATES: We have been advised by the client that the current rates payable are 7,700 per year However, all interested parties are encouraged to make their own enquiries with Borough of Barnet

SIZE: Approximately 1500 sq ft

OPENING HOURS: Monday - Friday 10:00 a.m - Midnight & Saturday - Sunday 10:00 a.m - Late

STAFF: Owner managed with 3 staff

TURNOVER: Current turnover in the region of 156,000 per annum

LOCAL AUTHORITY: Barnet

LEGAL COST: Ingoing tenant to be responsible for both parties' reasonable legal costs.

UTILITIES: All main services are connected.

REFERNCE 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

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

AGENT NOTE: London Properties for themselves for 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 London Properties.

4. All rent prices, fees and charges are quoted exclusive of VAT


VIEWINGS: Through London Properties by appointment only.

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