Dennis Parade, Southgate

LOCATION
The premises are ideally situated in a prime position benefitting from an excellent footfall from the High street, in addition to Southgate Tube station situated directly across the road. Southgate underground station is conveniently part of the Piccadilly line with a huge number of commuters passing you daily. The restaurant is adjacent to Marks and Spencers. This location really has the ability to be a great neighbourhood destination.

DESCRIPTION
E Class Commercial Unit - Established Japanese Restaurant with 3-Bedroom Flat

An excellent opportunity to acquire a well-established E class commercial unit that has been successfully trading as a Japanese restaurant for over 10 years, benefiting from a strong and loyal customer base.

The premises total 1,100 sq ft and include a fully fitted restaurant with all fixtures, fittings, and equipment included. Above the restaurant is a three-bedroom residential flat, currently occupied by staff but suitable for subletting to generate additional income. The property also benefits from rear access and private parking.

Key Features

Rent: £40,000 per annum (fixed for the full 6-year term)

Premium: Offers in excess of £55,000

3-bedroom flat included within the lease

Brand-new 6-year lease (inside the Landlord and Tenant Act)

Fully fitted restaurant

A stone´s throw from Southgate Underground Station

Established customer base

Rear parking and access

For further information or to arrange a viewing, please contact one of our commercial property consultants at your earliest convenience to avoid disappointment.

Please note: A £750 + VAT fee applies for referencing, administration, and anti-money laundering checks.

TERMS
Grant of a brand new 6 year lease

VAT
It is our understand there is no VAT applicable

LEGAL COSTS
The ingoing tenant to cover the landlords legal fees

VIEWING
Strictly via appointment only