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Restaurant to rent

High Road, London, N12

1,512 sq. ft. | £50,000 pa| £4,167 pcm

Property Description

Commercial information

  • Use class orders: A3 Restaurants and Cafes

Letting information:

Furnishing: Unfurnished

Full description

Tenure: Leasehold

Location: Situated on High Road, North Finchley, virtually opposite Friern Park. The nearest station is Woodside Park Underground Station (Northern Line) which is a short distance away. The High Road North Finchley has a number of multiple retailers, banks and restaurants and is a busy location with good footfall.

Description: A long established (40 years) Italian cuisine restaurant which is being offered for sale fully fitted and currently arranged for over 90 covers (but could be increased if the layout was altered). The business could be taken over in its current form or alternatively turned over to an alternative cuisine and format. Trading from early morning through to evening, seven days a week. Fully licenced for alcohol and air conditioned throughout (*not tested). The business produces an excellent turnover and could be expanded further in the right hands. Full further details upon request.

Areas: ower seating area 14.55 m x 4.27 m (including fully fitted kitchen)
Upper seating area 7.78 m x 6.05 m
Male & female WC's 5.90 m x 3.64 m
Walk-in cold room 2.69 m x 3.67 m
Store room/staff changing area 4.87 m x 3.72 m
Total area 1512.41 sq ft (140.52 sq m)

Lease: Available on a new 20 year lease at 50,000 pa with 5 yearly rent reviews.

Terms: Offers in excess of 100,000 for the benefit of the lease with fixtures and fittings.

Business Rates: London Borough of Barnet. Rateable Value is 39,750. Rates payable for 2015/16 are 19,755.75 pa. Interested parties should make their own enquires via the Local Authority or Valuation Office .

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