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Retail Property (high street) to rent

Abbey Parade, London

£50,000 pa| £4,167 pcm

Property Description

Key features

  • New A3 Lease Available
  • Established Italian restaurant with 25 years trading experience
  • Net Internal Area 1,700 Sq Ft
  • Large Triple Fronted Unit
  • Premium - £75,000

Full description

We are delighted to bring to the market this well established Italian restaurant having been trading for 25 years approx situated on Hanger Lane a major road in the Ealing and Park Royal areas of London.
The ground floor has been refurbished to an immaculate standard with bar entrance leading to 85 persons approx cover restaurant to include air conditioning, CCTV, WCs and kitchen to the rear with access for deliveries and parking to the side with various storage areas throughout.
Use A3 with alcoholic licence for bottles or cans of alcoholic beverage for consumption off the premises.
The property will be offered by way of a new full repairing and insuring lease for a term of 15 years with 5 yearly rent reviews. It is understood that the lease will be granted within the security of Tenure Provisions of the Landlord and Tenant Act 1954 part 2 as amended.
Rent - £50,000 PAX.
Premium - £75,000 (subject to contract for the benefit of the lease, fixtures and fittings.)
Size 1,700 sq ft approx.
Business rates we have been advised by the owner that the current rates payable are £8,100 with all interested parties recommended to make their own enquiries to the local rating authority at Ealing Council.
Opening hours Monday - Friday 12pm to 3pm and 6pm to 11pm and Saturday 6pm to 11.30pm and Sunday closed.
Purported turnover with we believe a current turnover in the region of £286,000 per annum with potential to increase.

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