Restaurant/cafe for sale in Park Avenue, Enfield EN1

Restaurant for Sale in Enfield – Newly Fitted, Circa 1550 Sq. Ft with 50 Covers

Main features

Newly Fitted Kitchen with Premium Equipment
Circa 1550 Sq. Ft with 50 Covers
Kitchen in the basement
Food lift in place
Benefits From 3 Phase Electricity
Gas and Extraction in Place

landlord’s requirements

Rent deposit subject to references
Personal Guarantor subject references
Proof of funds
Accountant’s references
Trade references

Lease details

Lease: Ending Sept 2039 (Inside the Act of 1954)
Passing Rent: £20,400 pax
Rent Review : Every 4 years
Next Rent Review : Sept 2024
Tenant only break Clause Available
Premium: £160,000 (Business, Lease & ff&E)

The premises

Circa 1550 Sq. Ft with 50 Covers
Fully Fitted Kitchen in the basement
Food Lift in place
Cold Room and Ample Storage Space Available
Opening Hours: 8:00 to 4pm (Thu – Wed 9am – 4pm & Tue Closed)
Business Rates: Circa £8,607 (Rateable Value: 17,250)
Benefits From 3 Phase Electricity
Gas and Extraction in Place

The location

Enfield, London
1 mile to Enfield Museum
Immediate units are occupied by Independent and National Retailers

Trading & financials

Trading as Restaurant and Cafe
Gross Sales Revenue: Circa £4,500/weekly (£240,000/year) (As per the vendor)

Viewings & confidentiality

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.

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.