Commercial Property for saleHigh Street, Edgware
Attractive well Fitted Licensed Restaurant – Retirement Sale with Premises!!!
First time on the market since established nearly 30 years ago, Oyster Properties are privileged to offer this Indian Restaurant with a very well-known brand and reputation in the local area.
The premises have a quality fit out, including top of the range equipment and done to regulation standards. Current setup can be continued by new owners or optionally premises can be adapted on any other types of cuisine.
The premises are arranged on the first floor as well as a small rear yard and has a capacity of approx. 120 people.
It further benefits from a large downstairs store room which is adapted for cold storage. The premises also benefit from 2 onsite profitable slot machines
The property is situated on a busy parade of shops in the heart of Edgware Town Centre, within approx. 10 miles north-west of Central London with good access to the M1 and A41 motorways. The property is also close to Edgware tube station, Broadwalk Shopping Center which currently hosts over 40 shops with Sainsbury’s and M&S. Occupiers close by include Paddy Power, William Hill, Aviv Restaurant, Zanzibar Bar
Tenure: Virtual Freehold (967 Years remaining on Lease)
Fixed assets included in the sale:
- Ice Maker
- Glass Washer
- 3 Bottle Beer Fridge Freezers
- Music System with Integrated Speakers
- Big Screen and 3 Plasma TVs
- Approx. 30 Tables with Chairs
- 4 Bar Stools
- Bar Glasses
- Tandoor Oven
- Chinese Cooker with 5 Burner
- Preparation Table
- Well Established Trademark with Excellent Reputation
The Premises (held as a virtual Freehold) and the business is available for offers over £440,000 offering potential rental income of approx. £25,000 per annum.
Current setup has the added bonus of qualifying for FULL Business rate relief.
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