Fixed price
£45,626 pa
(£42.17/sq. ft. pa)
Restaurant to letThe Broadway, Mill Hill NW7
1,082 sq. ft
About this property
The Broadway, Mill Hill Nw7
Fully fitted licenced restaurant with self-contained residential accommodation - comprising fully fitted restaurant with 45 covers and self-contained 3 bedroom residential accommodation above. The restaurant has the extra benefit of an al fresco seating area outside the property on the roadway provided by the London Borough of Barnet. The kitchen is a part open kitchen with prep and cooking area as well as wash area, staff room/dry goods storage. Currently trading 7 days a week with an excellent turnover 8.00 am—10.00 pm weekdays and 9.00 am—9.00 pm on Sundays. Currently trading with 12 staff on a rotational shift basis. This is an excellent opportunity to acquire a well fitted restaurant in a good quality area with an instant income from day one. The property is being offered with all fixtures, fittings and equipment (not tested).
The residential accommodation is currently sub-let at £18,000 pa (£1500 per calendar month)
Areas:
1082 sq ft (100.55 sq m)
Lease:
Held on a 20 year full repairing and insuring lease from 2016 with 5 yearly rent reviews (recent rent review completed) at £45,626 pa including the flat.
Premium: £155,000 is sought for the goodwill, fixtures, fittings and equipment.
Fully fitted licenced restaurant with self-contained residential accommodation - comprising fully fitted restaurant with 45 covers and self-contained 3 bedroom residential accommodation above. The restaurant has the extra benefit of an al fresco seating area outside the property on the roadway provided by the London Borough of Barnet. The kitchen is a part open kitchen with prep and cooking area as well as wash area, staff room/dry goods storage. Currently trading 7 days a week with an excellent turnover 8.00 am—10.00 pm weekdays and 9.00 am—9.00 pm on Sundays. Currently trading with 12 staff on a rotational shift basis. This is an excellent opportunity to acquire a well fitted restaurant in a good quality area with an instant income from day one. The property is being offered with all fixtures, fittings and equipment (not tested).
The residential accommodation is currently sub-let at £18,000 pa (£1500 per calendar month)
Areas:
1082 sq ft (100.55 sq m)
Lease:
Held on a 20 year full repairing and insuring lease from 2016 with 5 yearly rent reviews (recent rent review completed) at £45,626 pa including the flat.
Premium: £155,000 is sought for the goodwill, fixtures, fittings and equipment.
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