Restaurant for Sale in Southgate, North London

  • Leasehold £115,000
  • £28,000/Year
Southgate, London, UK
Business for Sale AVAILABLE

Restaurant for Sale in Southgate, North London

Southgate, London, UK
  • Leasehold £115,000
  • £28,000/Year

Description

Mediterranean Restaurant for Sale in Southgate, North London

Rent: £28,000/year, Business Rate: £7,500/year, Lease: 17 Years remaining


MAIN FEATURES

  • Ending in March 2038
  • Fully Fitted Modern Mediterranean Restaurant
  • Busy Location
  • Near to Southgate Station

THE PREMISES

  • Large Front Unit
  • Restaurant & Cafe Use (New Use Class E)
  • Alcohol Licence
  • Total Area: Circa 1024 sq. ft
  • Total Covers: Circa 55-60
  • Permitted Hours: 11am till 2am

LEASE DETAILS

  • Lease: Ending in March 2038 (inside the Act)
  • Rent: 28,000/year
  • Rent Review Term: 5 years
  • Next Rent Review: March 2023
  • Premium: £115,000 plus SAV (Goodwill, Lease & FF&E)

THE LOCATION

  • Southgate, North London
  • Close to Southgate Station (Piccadilly Line)
  • Footfall throughout the day
  • Several Eateries & Retail Shops nearby

TRADING DETAILS

  • Popular Mediterranean Restaurant
  • Pre-COVID Sales: Cirac £6,000/week
  • Current Delivery Sale: Circa £3,700/week
  • Currently Operating 

VIEWINGS & CONFIDENTIALITY

All interested buyers must have proof of funds to meet the premium and landlord’s requirements.

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client.

Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.


DISCLAIMER

The above information are 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.

  • Address Southgate, North London
  • City London
  • Post Code N14
  • Area Southgate

Details

Updated on July 14, 2021 at 8:53 am
  • Price: Leasehold £115,000
  • Size: 1024 Sq Ft
  • Covers: 55-60
  • Use: Class E
  • Type: RESTAURANTS
  • Status: Business for Sale

Overview

  • RESTAURANTS
  • Type
  • 55-60
  • Covers
  • Class E
  • Use
  • 1024
  • Sq Ft

Contact Information

RPS_Agent
  • RPS_Agent

Enquire About This Property

Compare listings

Compare
RPS_Agent
  • RPS_Agent