1. Property photo 1 of 1
Business

£275,000

(£230.03/sq. ft)

Restaurant for sale

Palmers Green, London N13
1,087 sq. ft

£275,000

(£230.03/sq. ft)

Restaurant for sale
Palmers Green, London N13

    • 1,087 sq. ft

Business
Added on 19/02/2025

About this property

  • High street location

  • Circa 1,086.83 sq. Ft

  • Circa 35 covers

  • Fully fitted commercial kitchen

  • Gas & extraction in place

  • Benefits from Premises licence

Restaurant for Sale in Palmers Green – High Street Location

Property id: Rps-22119

proof of funds required: All interested buyers must be able to provide proof of funds before requesting viewing.
Main features


High street location
Circa 1,086.83 sq. Ft
Circa 35 covers
Fully fitted commercial kitchen
Gas & extraction in place
Benefits from Premises licence

landlord’s requirements

Personal guarantor may be required (subject to references)
Three to Six month’s rent deposit (subject to references)
Other usual checks will be carried out
Lease details


Grant of new lease (subject to references)
Current Rent: £24,000 per annum
Rent Review Term: Every 5 years
Premium: £275,000 (Business, Lease and ff&E)
The premises


Circa 1,086.83 sq. Ft
Circa 35 Covers
Fully fitted commercial kitchen
Gas & extraction in place
Benefits from Premises licence
EPC Rating: C
Business Rates: Circa £9,106.75/annum (Rateable Value: 18,250)
The business


Gross Revenue: We have been informed that the business generated gross revenue of circa £676,000 per annum (£13,000/week).
Currently our client manages business with 4 full-time & 2 part-time staff members.
The location


Palmers Green, N13
Multiple retail shops & eateries nearby
Reason for sale


Other businesses
Viewings & confidentiality


All interested buyers must have proof of funds to meet the premium and landlord’s requirements.

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client.

Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.
Disclaimer


The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.

More information

Report this listing