Casual Dining Restaurant for Sale

  Wembley, HA0
Asking Price £230,000

Property Information

  • Reference number GLENMOREEST4_GLEH001857
  • Property Type Commercial
  • Furnishing Furnished
  • Tenure Leasehold


Wembley, HA0


  • Restaurant Takeaway Burger Bar
  • Income from Flat above £18,000 PA
  • Income from Garage at rear £18,000 PA
  • Income from Adviertising Board £2400 PA
  • 20 year renewable Lease - 14yrears left
  • Current Rent £35,000
  • Rates £720 PA
  • Last Rent review Sept 2017 - every four years
  • Sales £7,500 to £10,000 PWk

Property description

New to the market:
A trading casual dining restaurant for sale including upper accommodation.
The restaurant is well located, with an A3 license already in place.
The business sales and accounts are available on request.
The property includes a 2 bedroom flat above the Restaurant.
The business presents an opportunity to acquire an established fast food restaurant in the cosmopolitan area of Sudbury Town, near Wembley.
Tenure: Leasehold. The entire building is held on a single renewable lease commencing September 2013 for a term of 20 years.
Purchasers are strongly advised to make their own enquiries as to the matter of whether the lease for this property is inside the provisions of the Landlord and Tenant Act 1954. Glenmore Property Services cannot give any representation as to the security of tenure for the lease related to this property. Purchasers and prospective lessees must rely on their own enquiries.
Location: The property is situated on the Harrow Road just before Watford Road on Harrow Road, both busy arteries into Wembley and the surrounding areas.
Price: 230,000.00
Rent: £35,000 per annum, exclusive of rates, service charges and building insurance.
Income from flat bring £18,000pa, Garage at back £18,000 pa (6 cars parking yard) and from Wall billboard on side £2,400pa.

EPC: To be confirmed.
Rates: We are advised by vendor as £720.00 inclusive of small business rate relief. Interested parties are strongly advised to contact the local council regarding the rates payable for this property.
Accommodation: Shop area: approx. 790 sq.ft.
Legal fees: The buyer will be responsible for covering the landlord's legal fees incurred in this transaction plus VAT.
VAT: All prices quoted are exclusive of VAT.
Viewings: Strictly by prior appointment with the sole selling agent Glenmore Property Services.
Holding deposit: Tenants or prospective purchasers wishing to secure this property will be required to pay a holding deposit to Glenmore Property Services of £3,000. The deposit is non-refundable except if the vendor withdraws, or a clear title cannot be proven. This deposit is held in our client account until completion.

Disclaimer: These particulars are prepared for the guidance of prospective purchasers. They are intended to give a fair and overall description of the property and do not constitute the whole or any part of an offer or contract. Any information contained herein (whether in text, plans or photographs) is given in good faith but should not be relied upon as being a statement or representation of fact. Any plans provided by the agents and/or with the sales particulars are intended for guidance purposes only; we cannot guarantee the accuracy and scale of any plans, and they do not form any part of the sales contract.

Money laundering regulations: To comply with money laundering regulations, prospective purchasers will be asked to produce identification documentation at the time of making an offer. We ask for your cooperation in order that there is no delay in agreeing the sale.

Minimum Area (in sq ft) 789 sq ft
Maximum Area (in sq ft) 2790 sq ft

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