£25,000

Restaurant for sale

  1. Property photo 1 of 1.

£25,000

(£14.14/sq. ft)

Restaurant for sale

East Finchley, London N2

1,768 sq. ft

Local area information

Property location

Nearby amenities

  • East Finchley 0 miles
  • Limespring School (SEN) 0.1 miles
  • Holy Trinity CofE Primary School 0.4 miles
  • Highgate 1 mile

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guides for East Finchley, Bishops Park and Hampstead Garden Suburb to find out more about the local area.

Features and description

  • Fully fitted cafe available for a quick sale
  • Total area circa 1,768.29 sq. Ft with 30 Covers
  • Spread over ground floor & basement
  • Fully fitted huge commercial kitchen
  • Benefits from gas & extraction
  • Premises licence in place
  • 5-star food hygiene rating
Only £25,000 premium. Cafe for sale in East Finchley. Quick Sale !

Property id: Rps-22463

proof of funds required: All interested buyers must be able to provide proof of funds before requesting viewing.
Main details


Fully fitted cafe available for a quick sale
Total area circa 1,768.29 sq. Ft with 30 Covers
Spread over ground floor & basement
Fully fitted huge commercial kitchen
Benefits from gas & extraction
Premises licence in place
5-star food hygiene rating

landlord’s requirements

Guarantor may be required (subject to references)
3- 6 month’s rent deposit required (subject to references)
Other usual checks will be carried out
Lease details


Lease: Ending Nov 2031 (Inside lta 1954 Act)
Rent: £48,000 pax
Rent Review: Every 3 & half years
Next Rent Review: April 2027
Premium: £25,000 (Lease & fixtures and fittings)
The premises


Ground Floor: Circa 1,353.88 sq. Ft
Basement: Circa 414.41 sq. Ft
Covers: Circa 30
Fully fitted large commercial kitchen
Benefits from gas & extraction
Premises licence in place
5-star food hygiene rating
Rateable Value: 38,000
Payable Rates: Circa £18,962/annum
The business


Gross Revenue: We have been informed that the business generates gross revenue of circa £91,000 per annum (£1,500 – 2,000/week) by selling only hot drinks & cakes.
Kitchen is not currently in use hence, in our opinion starting serving hot food will substantially increase the revenue.
The location


East Finchley, N2
High Street Location
Viewings & confidentiality


All interested buyers must have proof of funds to meet the premium and landlord’s requirements.

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client.

Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.
Disclaimer


The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - Restaurant Property Sellers. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Restaurant Property Sellers for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. London
  4. North London
  5. East Finchley
  6. High Road