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Restaurant for sale

London Road, Isleworth, TW7

Under Offer £65,000

Property Description

Full description

Tenure: Leasehold

Location -
The property is situated on a very prime position, in the heart of Isleworth right next to the mainline station. Chiswick, Richmond and Hounslow town centres and are all within a very close driving distances. Isleworth mainline station gives quick access into London Waterloo via South West Trains.

Description -
A well maintained and long established Italian Restaurant, suitable for a variety of uses within the A3 class order. The property offers good size ground floor area, well equipped kitchen, cold room and customer W.C's. Further benefits include free parking on the neighbouring roads. There is also a large one bedroom apartment above with a rental income of £12,720 per annum. This business has been operating here for 25 years and the owner is selling due to retirement. It is open 44 weeks in a year between the hours of 6 - 11pm.

Accommodation -
Ground floor unit with front and back access, ideal for deliveries.
Sitting area can accommodate up to 38 seats.
Total floor area: 52 Sq m / 600 Sq ft

Measurements -
All measurements used in calculating areas are correct to the nearest six inches.

Planning -
Interested parties are advised to make their own enquiries in respect of planning proposals if any change of use is envisaged.

Vat -
All figures are deemed exclusive of Vat where applicable.

Terms -
The property is available by a way of an assignment of a Full Repairing and Insuring Lease. The current lease expires on 24th December 2022, at a rental of £18,975 per annum. Rent reviews are held every 5 years with next one being due in December 2017. The current tenant is asking for £65,000 premium for goodwill, fittings and fixtures and the business.

Rates -
Interested parties are advised to make their own enquiries in respect of business rates with London Borough of Hounslow Council.

Legal Costs -
Each party to bear their own costs incurred in this transaction as well as contributing towards landlord's reasonable legal costs.

Reservation fee -
A reservation fee of £500 will be required when making an offer to ensure commitment which will later become Thorgills' administration fee upon completion.

Map & Street View

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