Fully Fitted Thai Restaurant for Sale with Flat in North London
Property ID: RPS-23013
PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting viewing.
MAIN DETAILS
Located on a busy street in North London
2-bed flat & 3 rooms in upper part used as staff accommodation
1 studio flat generates rental income of £10,800/annum
Restaurant circa 1468.95 sq. ft with 58 covers
Fully fitted commercial kitchen with gas, extraction & cold room
Premises licence in place
Suitable for various cuisines
LANDLORD’S REQUIREMENTS
Guarantor required (subject to references)
3-6 month’s rent deposit required (subject to references)
Other usual checks will be carried out
LEASE DETAILS
Lease: Ending June 2048 (Inside the Act of 1954)
Current Rent: £93,000 + VAT per annum
Rent review: Every 5 years (was due on Dec 2025)
Premium: £249,500 (Business, Lease & fixtures and fittings)
THE FLAT (UPPER PART)
2-bed flat & 3 separate rooms with communal bathroom and toilet
One separate studio flat generates rental income £10,800 per annum
THE PREMISES
Area: Circa 1468.95 sq. ft
Covers: Circa ground floor 40+ basement 18
Benefits from gas, extraction & cold room
Premises licence in place
Rateable Value: 68,000
Payable Rates: Circa £25,976/annum (please confirm with local council)
THE BUSINESS
Gross Revenue: We have been informed that the business generates gross revenue of circa £700,000 per Annum (£13,000/week)
Our client manages the restaurant with 3 full time & 5 part time staff members.
THE LOCATION
Sought after location in North London
Ideally located around several eateries
Suitable for various cuisines
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.
