Commercial Property to rent

1031 Finchley Road, NW11 7ES

1,076 sq. ft. | £36,400 pa| £3,033 pcm

Property Description

Commercial information

  • 1,076 sq ft (99 sq m)

Full description

LOCATION
Excellent location on the busy Finchley Road with very little competition within the immediate vicinity. Golders Green Underground Station is approximately 10 minutes walk

DESCRIPTION
CSJ are pleased to offer on the market this superb restaurant and takeaway offering an excellent standard of service and quality of food.

The property has been extremely well refurbished by the current tenant in situ. The property comprises outside seating to the front (12 covers) with approx 40 covers internally. A very high quality Italian marble countertop/serving area with salad bar, stainless steel fridges, chiller, upright glass fronted dessert display cabinet, wooden flooring throughout. Pizza wood oven from Venice costing £18,000.

Ladies/Disabled WC consisting of tiles to floor and walls, WC, wash hand basin. Gents WC comprising WC, wash hand basin, tiles to floor and walls.

The commercial kitchen is well equipped to a high standard with an extensive inventory comprising stainless sink unit with drainer, electric grater, stainless steel racking, chest and upright freezers, wine/glass fronted bottle chiller, double stainless steel sink unit with drainer, 6 ring gas cooker, stainless steel staff wash hand basin, deep fat fryer, chargrilled griddle, walk-in chiller, stainless steel canopy and hood (considered to be in excellent condition), chese freezer.

Staff changing room/storage.

Small office with fitted alarm system in place and CCTV.

Door leading to bin storage area comprising stainless steel commercial bin storage.

Also at the rear is a separate entrance to the 2 bedroom flat which is currently let out at £800 per month totalling £10,400 pa. The flat comprises 1 double bedroom, 1 single bedroom, kitchen/lounge/diner, shower room, gas fired central heating, double glazed. (We were however unable to access the flat at the time of our appointment so unseen).

The current tenant spent £150,000 on the refurbishment of this restaurant 2 years ago.

Opening hours are currently:-

Monday: Closed.
Tuesday - Thursday: 5.00 pm - 11.00 pm
Friday, Saturday and Sunday: Open all day until 11.00 pm

The current weekly takings are in the region of £7,500 per week, however, huge scope exists to increase trade here. When the tenant opened the restaurant he took £2,800 per week and this is increasing on a weekly basis.

TERMS
Lease Assignment with 12 Years remaining, 4 yearly rent reviews.

Rent: £36,400 per annum (however £10,400 per annum is being collected from the flat).

Our client is seeking a premium of £280,000 'all at' for the goodwill, fixtures and fittings inclusive.

OUTGOINGS
Business Rates: The property has a Rateable Value of: £21,250 with actual rates payable of: £9,800 per annum.

PLANNING
Our Client informs us that the property has both A3 and A5 use

VIEWING
Strictly by appointment only. Interested parties can of course visit as a customer but should NOT approach any staff


Nearest stations

  • Golders Green (0.5 mi)
  • Brent Cross (0.7 mi)
  • Hendon Central (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christopher St James, Colliers Wood

61 High Street, Colliers Wood, London, SW19 2JF

020 8012 3466 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

  • Golders Green (0.5 mi)
  • Brent Cross (0.7 mi)
  • Hendon Central (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christopher St James, Colliers Wood

61 High Street, Colliers Wood, London, SW19 2JF

020 8012 3466 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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Property reference 100519001677. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christopher St James, Colliers Wood.

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