Retails & Catering Premises in Edgware For Sale

Spacious double fronted premises on very busy main road, densely populated residential and commercial area, MIDDLESEX. EDGWARE

Price £10,000

Features

Prime Business Premises with The Benefit of A1, A3 and D1 Use (e Class)

4 Display Windows - 2 Entrances

SPACIOUS GROUND FLOOR PREMISES in the region of 2,500 sq. ft. area.

In addition to the rear are 2 garages plus 2 car parking spaces.

We understand that the premises have A3 permission with the proviso that the Catering Section of the business will be no more than 75% of the area with not less than the balance of 25% being operated as retail. A requirement of the A3 consent is that the catering kitchen be located to the rear of the premises occupying the footprint of the garages.

Tenure

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 12 years full repairing and insuring lease at a rental of £50,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £13,056 p.a. (Please contact local authority to confirm)

OUTSTANDING OPPORTUNITY TO ACQUIRE A LEASE IN RESPECT OF THE SPACIOUS PREMISES, WHICH IN OUR OPINION HAVE TERRIFIC POTENTIAL TO ESTABLISH A PROFITABLE BUSINESS.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

PREMIUM REQUIRED FOR THE NEW LEASE £10,000 subject to contract AND guarantee/guarantor must be provided.