Restaurant for Sale in Stanmore, Harrow

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Price: £150,000 | Rent: £50,000 PAX | Turnover: £312,000 | Total Area: Circa 2368 Sq. ft

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MAIN FEATURES

• Location, Location, Location
• Prominent location in Stanmore
• High Passing Trade Throughout the Day
• Fully Fitted Restaurant & Kitchen
• Circa 2368 sq. ft | 220.25 sq. mt

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LEASE DETAILS

• Lease: Ending November 2035
• Passing Rent: 50,000 pax for the first year 
• Rent: 60,000 pax after the first year
• Rent Review Term: Every 4 years
• Next Rent Review: November 2022
• Premium: £130,000 (Lease & FF&E)

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TRADING DETAILS

• Turnover: Circa £6,000 per week (£312,000/year)

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THE LOCATION

• Stanmore, HA7
• High Passing Trade
• Several Retail Shops & Eateries nearby
• Large Car Park

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THE PREMISES

• Circa 2368 sq. ft | 220.25 sq. mt
• Covers: Circa 80
• Restaurant & Cafe Use (New Use Class E)
• Premises License
• Permitted Hours: 10am till 12am
• Current Trading Hours: 4pm till 11pm
• Rateable Value: £39,000 (Payable: 19,000)

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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.

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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.