A very rare opportunity to assign this well-maintained restaurant/ take away shop located on a popular parade in Horn Lane. The property benefits from great location surrounded by lots of new build apartments, close to Acton Main Line Station (new Elizabeth line, CROSSRAIL), North Acton Tube and A40 motorway.
Premium £85,000
Current business: "Stone's Fish Bar" is well known and an established takeaway service. A simple search online will confirm it has a great reviews and a great following from a loyal client base.
Location
The premises is well located in a great residential area. It is a stone's throw away from the very densely populated Victoria Road, which houses a huge quantity of students and professionals. The property is located between Acton Main Line and North Acton Station.
Accommodation
Approx. 1,100 sq ft (including 300sq ft of external space).
Further benefits include, low business rates, large preparation area and rear entrance.
Terms
Lease - 8 year lease remaining (renewable). Full repairing and insuring lease.
Rent - £20,000 pa
Premium - £85,000, including fixtures and fittings. How is the premium calculated? The premium is based on existing business, long lease, ready to operate equipment and refurbishment cost carried out by the existing tenants. Rent reviews are based on the condition prior to refurbishment.
Rates - The rateable value = £13,750; (before any reliefs or discounts). Payable the current tenant confirm it comes to approx. £60 per month. Interested parties must verify these figures with London Borough of Ealing.
Legal costs - Each party to be responsible for their own legal costs incurred in the transaction. The incoming tenant covers landlord's reasonable legal fees.