Restaurant in Prominent Location, 136 High Street, Harrow, HA3 7AW

Summary

The premises comprise a fully fitted restaurant/shisha lounge situated on the corner of High Road & Spencer Road. The premises have undergone a substantial fit-out by the current owners and present a rare opportunity to acquire an existing shisha/restaurant.

Key Points

• Fully fitted throughout with substantial extension to the rear.
• Shisha Lounge with open top automated roof.
• Restaurant to the front.
• Substantial fit out ready for immediate occupation.
• Long term lease.

Lease

The property is available by way of an assignment of our client's existing lease which expires on 25 November 2039. The lease is granted within the Landlord & Tenant Act 1954 part II thus our client has the right to renew.

The current passing rent is £20,000.00 per annum.

Premium

A premium is being sought to benefit our client's existing lease, fixtures, fittings, and associated goodwill. This includes but is not limited to, the following: decorations and fittings, shisha equipment, all necessary business licenses (including those for late-night operations (until 3:00 a.m. daily), alcohol service, and shisha operations) and open rooftop and drop-down windows designed to facilitate shisha bar activities. The premium has been set at £180,000.

Location

The premises are located within 0.3 miles of Harrow & Wealdstone Station which provides links into London Euston in 13 minutes. Harrow & Wealdstone is undergoing significant regeneration and is home to a number of local and national retailers.