Impressive restaurant with quality tiled floor, ceiling lighting. 2 air conditioning/heating units. Quality tables & chairs providing seating for 34 persons. open plan kitchen area with quality tiled floor, pizza clay oven, stainless steel extractor unit, 6-burner gas cooker with oven, double deep fryer, 2 fridges, 1 3-door stainless steel counter fridge, 1 2-door stainless steel counter fridge, double sink & drainer, dishwasher. Stairs to basement fully tiled ladies’ cloakroom with WC. wash hand basin, electric hand dryer, fully tiled gentlemen’s cloakroom with w.c. urinal, wash hand basin, office, staff room, storeroom with 2 chest deep freezes, 2 large fridges, 1 fridge/freezer, air conditioning, sonos sound system, CCTV system, store room, under floor heating, off street parking for two cars and yard.
Location
The premises are prominently located on Primrose Hill Road ideally situated within walking distance of the open spaces of Primrose Hill and all the amenities of the picturesque Primrose Hill Village.
Accommodation
Approximately 1,772 sq ft : Ground floor 1,083 sq ft & basement 689 sq ft
Terms
USES: A3/A4 restaurant & cafes drinking establishment licensed
BUSINESS: The business is operated as a Licensed Family Restaurant serving quality prepared food and we are informed the turnover is in the region of £XXX p.w. in our opinion offering tremendous potential for further development in the right hands. Included in the turnover is approximately £XXX p.w. from deliveries. The business also has a website which brings in catering enquiries.
PREMIUM: £XXX for the benefit of the lease, fixtures & fittings.
RENTAL: £XXX per annum. Exclusive of rates up to August, 2019 with rent to be agreed thereafter.
TERMS: We understand the premises are held on a secure renewable lease from a private landlord having approximately 9 years unexpired, due for review in August, 2014, however still under negotiation, however we understand the maximum the rent will be increased to will be £XXX p.a. exclusive of rates up to August, 2019 with rent to be agreed thereafter.
BUSINESS RATES: We have been advised by the client that the current rates payable are £XXX per year. However, all interested parties are encouraged to make their own enquiries with Borough of Camden.
OPENING HOURS: Open seven days a between 9.30 a.m. - 10.30 p.m.
STAFF: The Restaurant is at present operated by the vendor on a part time basis with the assistance of 7 full time plus 4 part time staff with drivers employed for deliveries. It will be appreciated upon inspection that with a more active husband & wife team, the wage bill could be reduced.
EXTERIOR: Attractive front area with tables & chairs for 15/16 persons
TURNOVER: Current turnover in the region of £XXX per annum
ACCOUNTS: Accounts available with interested parties
STOCK ON VALUATION: Approximately £XXX
LEGAL COST: Each party to bear their own legal cost.
LOCAL AUTHORITY: Camden
ENERGY PERFORMANCE CERTIFICATE: Energy Performance Asset Rating is 75- C Rating. A copy of this property’s energy performance certificate is available on request.
UTILITIES: All main services are connected.
REFERENCE CHARGE: London Properties charges a fee of £XXX plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord
HOLDING DEPOSIT: A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account