313 Hale Lane, Edgware, HA8

Freehold Restaurant  Investment With Flat For Sale.

LOCATION

The property is located in a prime location on Hale Lane (A5100), in the heart of this busy shopping centre. Edgware Underground (Northern Line) and Bus Station are a short walk away as is the Broadwalk Shopping Centre which is the subject of a planned major redevelopment .

Neighbouring occupiers include NatWest, Tesco Express, Nationwide and numerous multiples and local traders.

ACCOMODATION

The property forms part of this busy parade and is trading as Sami’s ,which is a long established Kosher restaurant. This popular restaurant has recently had an extensive re-fit throughout. It is laid out for 72 covers but can be increased

There is access for deliveries via the rear service road plus 1 car parking space

The flat is accessed via a separate external staircase leading to all the flats above the parade.

The flat is a self contained duplex offering 3 bedrooms , reception room, kitchen and bathroom.

There is potential to increase the size of the flat subject to planning.

Floor Areas:

Ground floor total 2111 sq ft (196 sq m) GIA

                 1908 sq ft (177.31 sq m)NIA

Flat 893 sq ft (83 sq m)

Lease

The property is let on an over-riding lease for 15 years from Dec 2013 to Hale Catering Ltd  subject to 5 year reviews . It is inside the 1954 L&T Act. The lease expires in Dec 2028.

The flat has been sub-let on a AST

Rent

The review due Dec 2023 was agreed at

Dec 23 –Dec 24  £42,000 pa

Dec 24 –Dec 25  £43,000 pa

Dec 25 onwards £44,000 pa

Based on recent lettings and reviews and renewals we believe that this rent is reversionary

EPC – Restaurant – TBA

           Residential – D

Price

Offers are sought in excess of £675,000 subject to contract

Viewings

Strictly by appointment via

Howard Peterman of Petermans on 

or