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Restaurant for sale

High Road, North Finchley, London, N12

£85,000

Property Description

Full description

Tenure: Leasehold

A3 RESTAURANT AND BASEMENT- LEASE FOR SALEDescription:

This large restaurant offers a ground floor area of 102 m² (1100 Ft²) approx with a further basement of 89m² (955 Ft²) approx. The unit is currently arranged with a kitchen to the rear and bar area and is offered with a range of equipment.
The basement has also been arranged with dual access from the initial street entrance at the front of the shop and to the rear with ease of access to the kitchen and has previously been used as further customer seating and covers for the restaurant.

Location:

- Situated on a mixed use parade in a high profile position on one of Barnet's busiest High Streets
- Within ½ mile of Woodside Park (Northern Line) Underground Tube Station
- Within easy access of Totteridge & Whetstone, Friern Barnet, Finchley and surrounding areas

Local High Street:

Also present on High Road, North Finchley are River Island, Waterstones, Coffee Republic, Lloyds and Barclays Banks Hi Sushi and a large number of other multiple retailers as well as smaller boutique style outlets.

This particular section of the High Road is an established location for fine dining and eateries.

Tenure:

Assignment of a 15 year FRI lease with upward only rent reviews every 4 years
(14 years remaining )

Rent:

£37,000 per annum exclusive

Premium:

£85,000

Business Rates:

The VOA suggests 2012/2013 rates payable upon this unit should be in the region of £19,650 approx. Interested parties are invited to make their own investigation to confirm same and whether any rate relief may be applied.

Conditions:

Ingoing tenant to be responsible for both parties' reasonable legal costs

Viewings:

Strictly via the owner's agent, MARTYN GERRARD COMMERCIAL DEPARTMENT.

Please contact a member of our commercial team on 020 8444 3445.
Martyn Gerrard Commercial 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 Martyn Gerrard Commercial.
4. All rent prices, fees and charges are quoted exclusive of VAT.
5. 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.


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