The Broadway, Mill Hill NW7

  Ref 024560    

The Broadway, Mill Hill NW7

Ref 024560

  • £45,626 pa  

    Let

    £45,626 pa  

    Let

  • Description

    Fully fitted restaurant with 45 covers and self-contained 3 bedroom residential accommodation above. The restaurant has the extra benefit of an al fresco seating area outside the property on the roadway provided by the London Borough of Barnet. The kitchen is a part open kitchen with prep and cooking area as well as wash area, staff room/dry goods storage. Currently trading 7 days a week with an excellent turnover 8.00 am—10.00 pm weekdays and 9.00 am—9.00 pm on Sundays. Currently trading with 12 staff on a rotational shift basis. This is an excellent opportunity to acquire a well fitted restaurant in a good quality area with an instant income from day one. The property is being offered with all fixtures, fittings and equipment (not tested). The residential accommodation is currently sub-let at £18,000 pa (£1500 per calendar month)

    Gallery

    Areas

    1082 sq ft (100.55 sq m)

    Lease

    Held on a 20 year full repairing and insuring lease from 2016 with 5 yearly rent reviews (recent rent review completed) at £45,626 pa including the flat.

    Premium

    £170,000 is sought for the goodwill, fixtures, fittings and equipment.

    Location

    Situated in an excellent position on The Broadway, Mill Hill close to other occupiers such as M&S Food, Costa, Wenzel’s, HOB Salon, Boots Opticians, WH Smith etc. Mill Hill is an affluent area with a variety of shops, boutiques, cafes and restaurants and is accessed by the A41 which provides a fast route to Central London and via the A1 to the M25. There is good levels of day and night time trade in this location.

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    Let

    £45,626 pa