| LOCATION: | | Well Established Chinese Restaurant of 20 years located in a Parade of shops on East Barnet Road in the heart of a large residential area, close to local schools and amenities & close to Oak Hill Road. The nearest station Oakleigh Over Ground Station. |
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| DESCRIPTION: | | The newly refurbished ground floor restaurant with A3/A5 licence has a seating cover of 50 and is fully equipped with a kitchen, cold room, store room, WC and side access and space for parking via road to the rear. |
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| USES: | | A3/A5 with alcoholic licence & late night licence |
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| PREMIUM: | | £55,000 for the benefit of the lease, fixture & fittings |
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| TERMS: | | The property is available to let on a new 16 years lease on a full repairing and insuring basis for a term to be agreed subject to periodic rent reviews. |
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| RENTAL: | | £17,000 per annum |
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| BUSINESS RATES: | | We have been advised by the client that the current rates payable are £5,862 via small business relief. However, all interested parties are encouraged to make their own enquiries with Borough of Barnet. |
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| OPENING HOURS: | | Monday: Closed except on Bank Holidays, Tuesday: XXXm - XXXm, Wednesday & Thursday XXXm - XXXm, XXXm - XXXm, Friday & Saturday XXXm - XXXm, XXXm - XXXm & Sunday XXXm - XXXm, XXXm - XXXm |
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| SIZE: | | Approximately 770 sq ft |
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| TURNOVER: | | Current turnover in the region of £182,000 per annum & tremendous scope to increase turnover with longer hours and increase wholesale deliveries. |
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| STAFF: | | Own managed with 2 full time & 2 part time staff |
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| EXTERNALLY: | | Off Street parking to rear of the premises |
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| LOCAL AUTHORITY: | | Barnet |
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| LEGAL COST: | | Ingoing tenant to be responsible for both parties’ reasonable legal costs. |
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| REFERENCE CHARGE: | | London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord. |
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| HOLDING DEPOSIT: | | A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account |
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| FIXTURE & FITTINGS: | | Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition |
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| AGENT NOTE: | | London Properties for themselves for Lessors, Vendors and their agents, give notice that:- 1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries. 2. These details do not constitute any part of an offer or contract. 3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties. 4. All rent prices, fees and charges are quoted exclusive of VAT |
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| VIEWINGS: | | Through London Properties by appointment only |