PROPERTY DETAILS
Lease length:
20
Lease remaining:
17
Lease terms:
Renewable 20 year lease with 17 years remaining with 4 yearly rent reviews. Rent £21,000 pa.
Rent:
£17 per annum
Living accommodation:
2 double bedrooms and 1 single room, all let at an annual income of £17,160. An extra double room can be easily built with permission from the Planning Dept. Great location for continuous renting due its proximity to the university.
BUSINESS DESCRIPTION
Superb licenced 6 day business in parade on main road taking £3,000 pw. Secure 17 yr lease @ £21,000 pa. Rates £3,080 pa. Flat let out producing £17,160 pa.
Expansion Potential
* An easily run & profitable operation with a day-off and annual holiday
* A good first time buyer business with low overheads with an immediate start as it does not require any extra work. Opportunity not to be missed.
Market / Competition / Non-Competition Agreements
Very close to Middlesex University
* Very strong online presence with up to date website, facebook, pinterest and twitter accounts. And great reviews about the restaurant showing you the signs of a good reputable business.
* 3 concepts (café/rest/tapas bar) under 1 roof allowing you to hold birthday parties, live music events and viewing football on a plasma screen all at the same without disturbance
* Good music system creating a great ambience all over the property
* Amazing and unique interior with a relaxing and friendly feel (confirmed by every client)
* Regular, local clientele
* Low rent and rates on a long lease with guaranteed rental income
* Very close to suppliers such as Makro, Fishmonger, Costco etc…
* Very low risk investment with long term success
* Cost effective dimmable LED lights installed all over restaurant which is great annual saver.
* 5 star hygiene rating in 2 years in a row
* Very strong take-away market as currently no take-away service offered