Offers over
£675,000
Restaurant for sale313 Hale Lane, Edgware HA8
Freehold
About this property
Excellent location in central Edgware
Ground floor restaurant with self contained access to a 3 bedroom duplex flat.
Offering active management potential
Income £44,000 pa
Reversionary rent
Offers in excess of £675,000 stc
Freehold Restaurant Investment With Flat For Sale.
location
The property is located in a prime location on Hale Lane (A5100), in the heart of this busy shopping centre. Edgware Underground (Northern Line) and Bus Station are a short walk away as is the Broadwalk Shopping Centre which is the subject of a planned major redevelopment .
Neighbouring occupiers include NatWest, Tesco Express, Nationwide and numerous multiples and local traders.
Accomodation
The property forms part of this busy parade and is trading as Sami’s, which is a long established Kosher restaurant. This popular restaurant has recently had an extensive re-fit throughout. It is laid out for 72 covers but can be increased
There is access for deliveries via the rear service road plus 1 car parking space
The flat is accessed via a separate external staircase leading to all the flats above the parade.
The flat is a self contained duplex offering 3 bedrooms, reception room, kitchen and bathroom.
There is potential to increase the size of the flat subject to planning.
Floor Areas:
Ground floor total 2111 sq ft (196 sq m) gia
1908 sq ft (177.31 sq m)NIA
Flat 893 sq ft (83 sq m)
Lease
The property is let on an over-riding lease for 15 years from Dec 2013 to Hale Catering Ltd subject to 5 year reviews . It is inside the 1954 L&T Act. The lease expires in Dec 2028.
The flat has been sub-let on a AST
Rent
The review due Dec 2023 was agreed at
Dec 23 –Dec 24 £42,000 pa
Dec 24 –Dec 25 £43,000 pa
Dec 25 onwards £44,000 pa
Based on recent lettings and reviews and renewals we believe that this rent is reversionary
EPC – Restaurant – tba
Residential – D
Price
Offers are sought in excess of £675,000 subject to contract
Viewings
Strictly by appointment via
Howard Peterman of Petermans on or
location
The property is located in a prime location on Hale Lane (A5100), in the heart of this busy shopping centre. Edgware Underground (Northern Line) and Bus Station are a short walk away as is the Broadwalk Shopping Centre which is the subject of a planned major redevelopment .
Neighbouring occupiers include NatWest, Tesco Express, Nationwide and numerous multiples and local traders.
Accomodation
The property forms part of this busy parade and is trading as Sami’s, which is a long established Kosher restaurant. This popular restaurant has recently had an extensive re-fit throughout. It is laid out for 72 covers but can be increased
There is access for deliveries via the rear service road plus 1 car parking space
The flat is accessed via a separate external staircase leading to all the flats above the parade.
The flat is a self contained duplex offering 3 bedrooms, reception room, kitchen and bathroom.
There is potential to increase the size of the flat subject to planning.
Floor Areas:
Ground floor total 2111 sq ft (196 sq m) gia
1908 sq ft (177.31 sq m)NIA
Flat 893 sq ft (83 sq m)
Lease
The property is let on an over-riding lease for 15 years from Dec 2013 to Hale Catering Ltd subject to 5 year reviews . It is inside the 1954 L&T Act. The lease expires in Dec 2028.
The flat has been sub-let on a AST
Rent
The review due Dec 2023 was agreed at
Dec 23 –Dec 24 £42,000 pa
Dec 24 –Dec 25 £43,000 pa
Dec 25 onwards £44,000 pa
Based on recent lettings and reviews and renewals we believe that this rent is reversionary
EPC – Restaurant – tba
Residential – D
Price
Offers are sought in excess of £675,000 subject to contract
Viewings
Strictly by appointment via
Howard Peterman of Petermans on or
Mortgage calculator
Monthly repayment
£3,376 per month
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