Ref:
S3
Ground and Basement Restaurant Business For Sale
Primrose Hill Road, Primrose Hill. London. LOCATION:
The property is situated in a prominent position on Primrose Hill Road at the junction of King Henry’s Road and is within walking distance of Primrose Hill Village. Swiss Cottage Jubilee underground and Chalk Farm Northern line underground station are within 7-10 minutes walk of the property.
DESCRIPTION:
The premises comprises a ground floor of approx 1,083 sqft (100.61 sqm) (not measured) and is currently being used as a restaurant with approximately 34 covers, plus an extra 1516 covers on the front forecourt. There is a fully fitted open plan kitchen with pizza clay oven, 6 burner gas cooker/oven, fryer, fridges, double sink/drainer and dishwasher. The basement consists a large storage area of 689 sqft (64 sqm), housing 2 chest freezers, 2 large fridges and a fridge/freezer and also has 2 W.C.'s. The property also benefits from air conditioning, Sonos sound system, C.C.T.V., under floor heating, 2 person passenger lift plus off street parking for 2 vehicles with a rear yard. The property is offered on a existing lease, which expires August 2024. Premium of £149,950 for the business, lease fixtures, fittings and equipment.
N.B.
It is the responsibility of any interested party to fully clarify exact floor areas, the premises existing planning use and whether their proposed use requires a change in planning permission.
AMENITIES:
GROUND FLOOR 1083 SQFT (100.61 SQM) BASEMENT 689 SQFT (64 SQM) A3/A5 RESTAURANT WITH 34 COVERS PLUS 15-16 COVERS ON FRONT FORECOURT
FULLY FITTED OPEN PLAN KITCHEN PIZZA CLAY OVEN 6 BURNER GAS COOKER/OVEN FRYER FRIDGES DOUBLE SINK/DRAINER DISHWASHER TILED FLOORING 2 AIR CONDITIONING/HEATING UNITS C.C.T.V. SYSTEM OFF STREET PARKING FOR 2 CARS
TERMS:
The property is offered on existing renewable lease which expires August 2024. Next review is 2019.
RENT:
£30,000 p.a.x.
PREMIUM:
£149,950 for the lease, fixtures, fittings and equipment excluding current stock.
RATES PAYABLE:
£7,832.50 p.a.
EPC RATING:
LEGAL COSTS:
To be paid by ingoing tenant
V.A.T.
All rents, prices and premiums are exclusive of VAT under the Finance Act 1989. We would advise all interested parties to consult their professional advisors as to their liabilities if any, in this direction.
VIEWING:
Strictly by appointment
LAND COMMERCIAL SURVEYORS LTD 020 8498 8080
IT IS THE RESPONSIBILITY OF ANY INTERESTED PARTY TO FULLY CLARIFY FLOOR AREAS, PLANNING USE AND WHETHER THEIR PROPOSED USE IS SUITABLE. THESE MARKETING DETAILS ARE FOR INDICATION PURPOSES ONLY AND COMPLETED BASED UPON THE INFORMATION GIVEN AND ISN’T ALWAYS CORRECT. NO EQUIPMENT OR UTILITIES HAVE BEEN TESTED BY US AND SHOULD BE CHECKED BY THE INTERESTED PARTY PRIOR TO COMPLETION. ALL FEATURES LISTED AT THE TIME OF MARKETING ARE SUBJECT TO CHANGE AND DO NOT FORM PART OF THE CONTRACT.