The Broadway, Mill Hill, London NW7

Fully fitted restaurant with 45 covers and self-contained 3 bedroom residential accommodation above. The restaurant has the extra benefit of an al fresco seating area outside the property on the roadway provided by the London Borough of Barnet. The kitchen is a part open kitchen with prep and cooking area as well as wash area, staff room/dry goods storage. Currently trading 7 days a week with an excellent turnover 8.00 am—10.00 pm weekdays and 9.00 am—9.00 pm on Sundays. Currently trading with 12 staff on a rotational shift basis. This is an excellent opportunity to acquire a well fitted restaurant in a good quality area with an instant income from day one. The property is being offered with all fixtures, fittings and equipment (not tested).

The residential accommodation is currently sub-let at £19,200 pa (£1600 per calendar month).

Location:
Situated in an excellent position on The Broadway, Mill Hill close to other occupiers such as M&S Food, Costa, Wenzel’s, HOB Salon, Boots Opticians, WH Smith etc. Mill Hill is an affluent area with a variety of shops, boutiques, cafes and restaurants and is accessed by the A41 which provides a fast route to Central London and via the A1 to the M25. There is good levels of day and night time trade in this location.

Areas:
1082 sq ft (100.55 sq m)

Lease:
Held on a 20 year full repairing and insuring lease from 2016 with 5 yearly rent reviews at £45,626 pa including the flat.

Premium:
£170,000 is sought for the goodwill, fixtures, fittings and equipment.