£245,000

Restaurant for sale

  1. Property photo 1 of 1.
Business

£245,000

(£133.62/sq. ft)

Restaurant for sale

High Road, London N2

From 1,871 - 1,872 sq. ft

Local area information

Property location

Nearby amenities

  • Martin Primary School 0.2 miles
  • Bishop Douglass School Finchley 0.4 miles
  • East Finchley 0.7 miles
  • Finchley Central 1 mile

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • 4-Bed Flat Included (Potential rental income of £3,200 per month)
  • High Footfall and Great Visibility
  • Circa 1872 Sq. Ft with 80 Covers
  • Gas and Extraction in Place
  • Circa 80 Covers Restaurant & a Separate Takeaway Unit
Large Restaurant with a Separate Fish & Chip Takeaway Unit. 4-Bed Flat Included
Main features


4-Bed Flat Included (Potential rental income of £3,200 per month)
Circa 80 Covers Restaurant & a Separate Takeaway Unit
High Footfall and Great Visibility
Circa 1872 Sq. Ft with 80 Covers
Gas and Extraction in Place

landlord’s requirements

3-6 Month’s Rent deposit subject to references
Personal Guarantor subject to references
Proof of funds
Lease details


Lease: Ending 2041 (Inside the Act of 1954)
Rent: £60,000 pax
Rent Review Term: Every 5 years
Next Rent Review: 2027
Premium: £245,000 (Business, Lease & ff&E) + sav
The premises


Circa 80 Covers Restaurant
Circa 1872 Sq. Ft
Separate Takeaway Unit
Payable Business Rates: Circa 19,086/annum (Rateable Value: 38,250)
Fully Equipped Commercial Kitchen
Current Opening Hours: Sun– Sat(11:30 am – 10:00 pm)
Gas and Extraction in Place
The location


East Finchley N2
0.2 miles to East Finchley
Trading & financials


Gross Sales Revenue: We have been informed that the restaurant generates gross revenue of circa £780,000 per annum (£15,000/week).
Our client currently manages the restaurant with 5 Full-time Staff, 2 Part-time Staffs.
Viewings & confidentiality


All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.

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.

More information

Report this listing

Property descriptions and related information displayed on this page are marketing materials provided by - Restaurant Property Sellers. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Restaurant Property Sellers for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. London
  4. North London
  5. East Finchley
  6. High Road

© 2024 Zoopla Limited. All rights reserved.

Sold house prices provided by Land Registry/Registers of Scotland. © Crown copyright 2024. Our website is completely free for you to use but we may receive a commission from some of the companies we link to on the site.

Zoopla Limited is an appointed representative of Uswitch Limited which is authorised and regulated by the Financial Conduct Authority (FRN 312850) to provide the mortgage calculator tool and incorporated with company registration number 06074771 and registered office at The Cooperage, 5 Copper Row, London SE1 2LH. Uswitch Limited is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 312850.

Zoopla.co.uk is not a mortgage intermediary and makes introductions to Mojo Mortgages to provide mortgage solutions. Zoopla.co.uk and Mojo Mortgages are part of the same group of companies. Zoopla may receive an introduction fee from Mojo Mortgages on completion of successful mortgage applications. This fee is based on a percentage of your loan amount. Mojo is a trading style of Life's Great Limited which is registered in England and Wales (06246376) and is authorised and regulated by the Financial Conduct Authority and is on the Financial Services Register (478215). Mojo's registered office is The Cooperage, 5 Copper Row, London, SE1 2LH. To contact Mojo by phone, please call 0333 123 0012.