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Fully Fitted Mediterranean Restaurant In Southgate North London For Sale

Southgate, London, UK
Asking Price:
£115,000
Turnover:
£364,000
Net Profit:
Available on request

Mediterranean Restaurant for Sale in Southgate, North London
Rent: £28,000/year, Business Rate: £7,500/year, Lease: 16 Years remaining

Main Features

Ending in March 2038
Fully Fitted Modern Mediterranean Restaurant
Busy Location
Near to Southgate Station

The Premises

Large Front Unit
Restaurant & Cafe Use (New Use Class E)
Alcohol Licence
Total Area: Circa 1024 sq. ft
Total Covers: Circa 55-60
Permitted Hours: 11am till 2am

Lease Details

Lease: Ending in March 2038 (inside the Act)
Rent: 28,000/year
Rent Review Term: 5 years
Next Rent Review: March 2023
Premium: £115,000 plus SAV (Lease & FF&E)

The Location

Southgate, North London
Close to Southgate Station (Piccadilly Line)
Footfall throughout the day
Several Eateries & Retail Shops nearby

Trading Details

Popular Mediterranean Restaurant
Sales: £7,000/week (including delivery)

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 are 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.

Property Information

Property:

Leasehold

Lease Terms:

Ending in March 2038
Rent: 28,000/year
Rent Review Term: 5 years
Next Rent Review: March 2023

Location:

Southgate, North London
Close to Southgate Station (Piccadilly Line)
Footfall throughout the day
Several Eateries & Retail Shops nearby

Premises Details:

Large Front Unit
Restaurant & Cafe Use (New Use Class E)
Alcohol Licence
Total Area: Circa 1024 sq. ft
Total Covers: Circa 55-60
Permitted Hours: 11am till 2am

Size in square feet:
1024 Sq Ft
Planning Consent:

Restaurant & Cafe with Alcohol Licence

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