Restaurant for sale

Heath Street, London, NW3

1,340 sq. ft. | £45,000

Property Description

Commercial information

  • Business for sale
  • 1,340 sq ft (124 sq m)
  • Use class orders: A3 Restaurants and Cafes

Key features

  • Premium 65.000
  • A3 with alcohol licence
  • The premises are held on a renewable lease for a term of 25 years from 29th September 1999 and are subject to 5 yearly rent reviews.
  • Rental 45,000 per annum.
  • Approximately 1340 sq ft

Full description

Tenure: Leasehold

LOCATION: The premises are prominently located in Hampstead which is commonly known as Hampstead Village, an affluent area of London, 4 miles north-west of Charing Cross. It forms part of the London Borough of Camden and is known for its intellectual, liberal, artistic, musical and literary associations and for Hampstead Heath, a large, hilly expanse of parkland. Hampstead has some of the most expensive housing in the country. The village of Hampstead is reputed to have more millionaires within its boundaries than any other area of the United Kingdom. Hampstead has major bus terminals known as Hampstead Heath located in South End Green. Its most frequent service is Route 24 which for over 100 years has linked the area with the West End, Victoria and Grosvenor Road in Pimlico.

DESCRIPTION: The business occupies the Ground floor and Basement of a three-storey, end of terrace building. The public trading areas are located on the Ground floor and comprises a 60-cover restaurant with Bar. Ladies' & Gents' WC, fully fitted commercial kitchen, office & storage room.

USES: A3 with alcohol licence

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

TERMS: The premises are held on a renewable lease for a term of 25 years from 29th September 1999 and are subject to 5 yearly rent reviews.

RENTAL : 45,000 per annum.

SIZE: Approximately 1340 sq ft

TURNOVER: Current turnover in the region of 220,000 per annum

ACCOUNTS: The Accounts which have been provided show a Net Turnover of 218,917. These can be made available for any seriously interested parties following a formal viewing

BUSINESS RATES: The Rate able Value is 44,000 for the year commencing April 2010. Rates payable are approximately 20,000 per annum

OPENING HOURS: Monday-Saturday 12:00 p.m - 11:00 p.m & Sunday 12:00 p.m -10.30 p.m

STAFF: Staff 6

LOCAL AUTHORITY: Camden

LEGAL COST: To be confirmed

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.

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

Nearest stations

  • Hampstead (0.2 mi)
  • Hampstead Heath (0.6 mi)
  • Finchley Road & Frognal (0.7 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

  • Hampstead (0.2 mi)
  • Hampstead Heath (0.6 mi)
  • Finchley Road & Frognal (0.7 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.

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