£37,000 per annum
Businesses For Sale, Commercial Property, Food Businesses, Leisure Property, Restaurants
Location:Situated on Green Lanes a short distance from Aldermans Hill and virtually opposite McDonalds and Waitrose and surrounded by a number of multiple and independent restaurants and retailers. Palmers Green Network Rail station is a short walk away.
Description:Well fitted restaurant with bar area and 56 covers, with large kitchen area incorporating a walk-in cold room, all fully fitted with the necessary equipment. The premises are air conditioned/heated. The upper part is entered to from the rear of the property and is arranged over two floors and comprises seven letting rooms, which are currently let producing £3,000 per month. The net rent after income from the flat above is very small and makes this a profitable business with the majority of your base expenses covered.
Lease:Held on a 20 year Lease with approximately 11 years remaining with 4 yearly rent reviews at £37,000 pa.
Terms:Offers in the region of £180,000 for the goodwill, fixtures, fittings and equipment.
Subject to contract
Property reference: cppnyid553
The information exhibited about this property relates to a property listing advertisement. Commercial People Ltd makes no assurances as to the accurateness or completeness of the said advertisement or any connected or associated information. Commercial People Ltd has no control over the content of the advertisement. This property advertisement does not constitute property particulars. All information is provided and maintained by Claridges. In the event of any discrepancies, we ask that you please contact the selling agent or developer directly.