40 Cover Restaurant for Sale in Palmers Green
Property ID: RPS-22951
PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting a viewing.
MAIN DETAILS
Grant of new lease
Fully fitted commercial kitchen with extraction in place
Circa 1194 sq.ft
40 covers restaurant with alcohol licence
LANDLORD’S REQUIREMENTS
Guarantor may be required (subject to references)
6 months' rent deposit required (subject to references)
Other usual checks will be carried out
LEASE DETAILS
Lease: Grant of new lease (Terms TBC)
Current rent: £24,000 per annum exclusive
Rent review: Every 5 years
Premium: £99,000 (Business, Lease & fixtures and fittings)
THE PREMISES
Circa 1194 sq. ft with 40 covers
Benefits from extraction & premises licence
Rateable value: 18,000
Payable business rates: TBC
THE BUSINESS
Currently trading as an Eastern European restaurant
We have been informed that it is a family run business and our client manages it with his parents and one part time staff
THE LOCATION
Palmers Green
Immediate shops are occupied by local retailers and eateries
VIEWINGS & CONFIDENTIALITY
All interested buyers must have proof of funds to meet the premium and landlord’s requirements.
Interested buyers may be required to agree to a Non-Disclosure Agreement due to the confidentiality requested by the client.
DISCLAIMER
The above information is provided by the seller and is issued without responsibility on the part of the firm and is therefore not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. Neither the firm nor any of its employees have any authority to make or give, any representation or warranty whatever in relation to this property.
