Commercial property for sale

Retail



· Property/ Business: Business





· Address: Station Road





· City: harrow





· Contact Information:





· Type of property/business: restaurant/takeaway





· Size: roughly around 500sqft, ground





· Year established: 2012





· Any recent renovations/upgrades: front seating area





Location and Accessibility





· Nearest Major Highway: A406 North Circular Road



Public transportation:





The following transport lines have routes that pass near HA1 XXX





· Bus: 140, 182, 183, 186, 258, 340





· Train: overground, southern, west midlands railway





· Tube: bakerloo, metropolitan





· Parking: 5 free car park space available at the back





· Proximity to Amenities: Harrow Council, Mobility world, S.K.V.P, St Luke’s Hospice, Temple, Citizens advice Bureau, Harrow Central Mosque, Safari Cinema, Community Church, Harrow Civic Center, Tesco Superstore



Pricing and Availability



· Price: £150k brought down to £130k



· Outside Tenure: Leasehold- Under Tenant Act 1954



· Lease/Rent Terms: New lease will be provided, 10/15/20 years as you decide. Rent payment- quarterly payment



· Annual rent: £35,000 (can be negotiated)



· Rate: £2300 annually



· Availability: Now



Additional Information



· Additional Notes: The restaurant was established 14 years ago. There are two flats above the shop. One bedroom flat giving an income of £1000 monthly and two bedroom flat giving an income of £1500 monthly. The shop’s rent £2500 is covered by the income from the flats.
The business was very good but came down to average because one of the well trained staff flew back for her marriage and the leaseholder too had health issues which was the cause of his absence at the shop. Though he is still running the business, he wants to transfer it to someone with a guarantor and move on with his treatment.
The front area, seating structure was upgraded a few months ago.





Features of the property:16 seating arrangement, menu display LED screens- menu charts could be changed accordingly, Cooler room pizza machine, chicken fryer, chips fryer, chips holder, grill, steamer, chicken cabinet, dough mixer, breading table with the motor, 5 freezers, bun toaster





Turnover:Before two years; monthly turnover above £50k
Due to leaseholder’s health declination; monthly turn over is £10k-£15k (proof records could be provided)
Staff: 2 members, well trained
Trading Hours: 11.30 am- 11.30 pm





Licence could be approved for 24 hours opening consent if applied- costs around £350 only

updated -may 09/2024