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Restaurant for sale

North End Road, London, W14

650 sq. ft. | £80,000

Property Description

Commercial information

  • Business for sale
  • 650 sq ft (60 sq m)
  • Use class orders: A3 Restaurants and Cafes

Key features

  • Premium 80.000
  • A3 Uses
  • Rental 30,000 per annum
  • 650 st ft Size
  • 3 Bedroom flat currently rented out and achieve 26,000 per year
  • 05:00 p.m till 11:30 p.m & 7 days a week opening times

Full description

Tenure: Leasehold

LOCATION: The premises are prominently located on popular North End Road. The High Street is popular by its high footfall and is an ultimate target for every retailer. This has been recognized by several established brands such as Greggs, Carphone Warehouse, Co-Operative and many more & the unit is located opposite Tesco Express, Holiday Inn Express. West Kensington station (District Line) is 0.3 miles away, providing direct connection to Earls Court and Central London. The area is well served by local buses and easily accessible by car via A4 and A3218.

DESCRIPTION: Shop front area with counter, fully fitted kitchen with prep area, plenty of storage area, basement, WC & rear yard. The premises come with 3 bedroom Flat above which is currently rented out at 26,000 per annum.

USES: A3

PREMIUM: 80,000 Guide price for the benefit of the lease, fixtures, fittings and goodwill.

RENTAL: 30,000 per annum

TERMS: Our client wishes to assign the lease which has 19 years remaining. We have been advised that the rent reviews has just happened

BUSINESS RATES: Approximately 3,500 per year. Interested parties are encouraged to make their own enquiries with the Borough of Hammersmith and Fulham.

SIZE: Approximately 650 sq ft

OPENING HOURS: 05:00 p.m till 11:30 p.m & 7 days a week

STAFF: Owner managed with 6 staff

UPPER PARTS: 3 Bedroom flat currently rented out and achieve 26,000 per year

TURNOVER: Current turnover in excess of 208,000 per annum approximately

ACCOUNTS: Available on request

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

LOCAL AUTHORITY: Borough of Hammersmith & Fulham

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

FIXTURE & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition

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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