Retail Property (high street) for saleWatling Avenue, Edgware, Middlesex, HA8
1,500 sq. ft.
- Business for sale
- 1,500 sq ft (139 sq m)
- Use class orders: A1 Shops and B1 Business
- 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
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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