High Road, Whetstone, London, N20

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£120,000 Offers Invited Commercial property for sale

Description

BUSINESS FOR SALE – ESTABLISHED LICENCED RESTAURANT & TAKEAWAY

A Rare Opportunity To Acquire A Well-Loved Independent Local Institution

Offered for sale due to retirement, this is a unique chance to purchase a long-established and highly regarded restaurant and takeaway business that has proudly served the Whetstone community for over 30 years, becoming a cherished part of the local area’s independent business history.

Renowned for its heart-warming traditional Cypriot cuisine, BBQ Grill has built an outstanding reputation and a loyal customer following, with the current location successfully trading for the past 17 years.

Prime Trading Location:

The premises occupies a prominent and highly visible position in the heart of Whetstone, benefiting from excellent daily footfall and being just moments from Totteridge & Whetstone Station.

Surrounded by a vibrant mix of cafés, restaurants, shops and local offices, the business also enjoys neighbouring presence beside the historic The Griffin, home to one of London’s largest beer gardens.

A rare lifestyle and commercial opportunity for an owner-operator, family business or experienced restaurateur seeking an established operation in a thriving North London location.

DESCRIPTION - E class commercial unit that has successfully been trading as a Licenced Restaurant / Take away with an established and extremely loyal customer base.

The property totals over 900 sq ft, or two floors ground and basement.

Rent: £27,062.83 per annum

Rates: £2,820.95 per annum

Premium: £120,000

Lease Expires February 2033

Assignment of a 10-year lease which began Feb 2023

Fully fitted Kitchen with Extraction

Please contact one of our commercial property consultants at your earliest convenience to avoid potential disappointment.

Please note that we charge a £1,250.00 plus VAT fee for the processing of referencing, administration and anti-money laundering checks, payable by any incoming tenant.

TERMS - Assignment of a 10-year lease

VAT - It is our understand there is no VAT applicable

LEGAL COSTS - The ingoing tenant to cover the landlords legal fees

VIEWING - Strictly via appointment only

Reference: HLV-11004733

Additional Details

  • Tenure: Leasehold
  • Rights and Easements: Ask Agent
  • Risks: Ask Agent
High Rd, London N20 9HH-1 (17) Energy Efficiency Chart EPC.JPG

Features

  • Business Highlights
  • Long-established and respected local brand
  • Fully trading licenced restaurant & takeaway
  • Strong repeat trade and loyal customer base
  • Excellent reputation for traditional Cypriot cuisine
  • Prime North London high street position
  • Retirement sale with genuine reason for disposal
  • Significant scope to further grow delivery, branding and turnover

Enquiry

To make an enquiry for this property, please call us on 020 8049 6555, or complete the form below.

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