• Size:
    738 sq ft / 69 sq m
  • Usage:
    A3, A5
  • Sale Type:
    To Let
  • Rental Income:
    N/A
  • Property Type:
    Restaurants
    Other
  • Auction:
    No
  • Development Opportunity:
    No
  • Investment Opportunity:
    No
  • Tenanted:
    No
  • Energy Rating:
    N/A

Established restaurant offering eat-in, take-away and delivery service with substantial turnover through Deliveroo etc. Fully licenced for alcohol, 30 covers inside plus large area external for al fresco dining. Great potential to further the business through further advertising and promotion. Restaurant trades 7 days a week from 7.00 am-10.00 pm and until 11.00 pm on Fridays & Saturdays. This business has very strong sales figures with evidence of steadily increasing sales. Held on a 10 year FRI lease from 20th November 2017 at £45,000 pa for years 1 & 2, £47,000 pa for year 3 and £50,000 pa for year 4. The 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. Viewings by appointment only as staff unaware.

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.