£40,000
(£36.36/sq. ft)
Restaurant for saleDennis Parade, Southgate N14
1,100 sq. ft
Leasehold
About this property
E class commercial unit that has successfully been trading as a Japanese restaurant for over 10 years and has an already built loyal customer base. The property totals 1,100 sq ft and comes with a 3 bedroom residential flat above. The restaurant comes fully fitted with all the fixtures, fittings and equipment. The flat is currently occupied by the restaurant staff but can be sub let separately to further increase revenue! There is also parking to the rear of the property with rear access.
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 £40,000
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
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 £40,000
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
Mortgage calculator
Monthly repayment
£200 per month
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