Property Overview
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- Size:
- 1,800 sq ft / 167 sq m
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- Usage:
- A1, A3, A4, A5
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- Sale Type:
- To Let
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- Rental Income:
- N/A
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- Property Type:
- Restaurants
- Mixed Use
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- Auction:
- No
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- Development Opportunity:
- No
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- Investment Opportunity:
- No
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- Tenanted:
- No
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- Energy Rating:
- N/A
General Summary
LOCATION: The premises are prominently located on occupying an outstanding trading position in a busy High Road position on Kingsbury Road. The parade services a densely populated residential and commercially vibrant area with an array of independent retailers and traders nearby. The nearest underground station is Kingsbury (Jubilee Line) 10 minutes walk or Wembley Park (Jubilee & Metropolitan Line) 5 minutes by car
DESCRIPTION: The premises comprising a comfortable established air conditioned and heated and well fitted authentic Indian cuisine restaurant with bar area and 90 covers, with large kitchen area and fully fitted with the necessary equipment also benefits from aluminum shop front with electric roller shutters, spotlighting and CCTV monitored alarm system . The two bedroom upper parts are entered to from the rear of the property and are arranged over two floors which are currently let producing £253.84 per week (£11,000 pa).
BUSINESS: The business has been run by our clients for over 9 years. It now requires a new owner to take the business forward by looking and introduce the latest offering suitable for a 21st Indian Licenses Restaurant & Takeaway.
COVERS: Stylish and spacious 90-cover parade premises
USES: A3, A4 & A5
TERMS: The property is held on a full repairing and insuring lease granted in February 2004 for a term of 15 years & next rent review in 2016.
PREMIUM: £200,000 for the benefit of the lease, fixtures, fittings and goodwill.
RENTAL: £24,000 per annum
BUSINESS RATES: £10,000 per annum approximately. Interested parties are recommended to make their own enquiries with the Rating Department of Brent Council
SIZE: Approximately 1800 sq ft
OPENINH HOURS: Monday - Sunday Noon - Midnight
TURNOVER: Current turnover in excess of £360,000 per annum with HUGE scope to increase. GP circa 30.24%
ACCOUNTS: This is a profitable, running business with accounts available for inspection.
UTILTIES: All main services are connected.
FIXTURES & FITTINGS: We are advised that all trade fixtures and fittings are owned outright and will be included in the sale subject to inventory
UPPER PARTS: It should be noted that the private accommodation is currently sub-let on a short hold tenancy agreement to produce a useful supplementary income of £11,000 per annum with considerably off-set the principal rental figure. The property also enjoys the benefit of gas central heating and double glazing throughout
LEGAL COSTS: Each party is to bear their own legal cost
LOCAL AUTHORITY: Brent Council
HOLDING DEPOSIT: A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account.
REFERENCE CHARGE: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord.
VIEWINGS: Through London Properties by appointment only.
Location
London Properties are pleased to offer to the market this mid terrace commercial licensed A3, A4. & A5 authentic Indian cuisine restaurant with two bedrooms upper parts serves the local community and benefits from being on a main road. Occupying an outstanding trading position with excellent access to major road and motorway links (M1, A41 etc.) in the densely populated London town of Kingsbury, near Edgware in Middlesex. The business has been run by our clients for over 9 years. It now requires a new owner to take the business forward by looking and introduce the latest offering suitable for a Licensee Restaurant &. It should be noted that the private accommodation is currently sub-let on a shorthold tenancy agreement to produce a useful supplementary income of £11,000 per annum with considerably off-set the principal rental figure. Internal viewings are highly recommended through London Properties by appointment only.
