Colindale, London NW9

  Ref 024198    

Colindale, London NW9

Ref 024198

  • £47,000 pa  

    To Let

    £47,000 pa  

    To Let

  • Description

    Established restaurant with eat-in, take-away and delivery service with substantial turnover through Deliveroo etc. The premises are fully licenced for alcohol, have 30 covers inside plus a large area external for further al fresco dining. There is great potential to further the business through further advertising and promotion. The restaurant trades 7 days a week from 7.00 am until 10.00 pm and until 11.00 pm on Friday and Saturday. This business has very strong sales figures with evidence of steadily increasing sales. *Please note that viewings are only by appointment as staff are unaware.

    Gallery

    Areas

    738 sq ft (68.59 sq m) plus outside seating area

    Lease

    Held on a 10 year full repairing and insuring lease from 20th November 2017 at £45,000 pa for years 1 & 2, then £47,000 pa for year 3 and £50,000 pa for year 4. This lease is outside the Landlord & Tenant Act 1954. There is a tenant option to break on 20th May 2020 and an open market rent review at the end of year 4.

    £350,000 sought for the goodwill, fixtures and fittings.

    Location

    Situated in an excellent position adjacent to Colindale underground station (Northern Line) below a student/residential block with approximately 2500 students. Colindale is undergoing an extensive redevelopment and there are new blocks of apartments being erected on weekly basis. Redrow homes are building a further new development virtually opposite the property with approximately 2900 homes on the way. Barnet Council have just relocated to the area as well with over 4000 staff.

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    To Let

    £47,000 pa