Restaurant/cafe for sale in High Road, East Finchley N2

A newly renovated, ground floor premises situated in the affluent area of East Finchley, N2. Genzo Greek is an established restaurant having been trading for many years. The premises boasts the benefit of ample seating both internally and externally, with over 1,240 square feet of high specification trading space.

Location
The premises is ideally situated in the prominent area of East Finchley and positioned on East Finchleys’ local high street. East Finchley Station is within a short walk providing convenient access into the Capital, with the North Circular also being just a short drive away. Affluent nearby streets include the likes of Creighton Avenue, Church Vale, Beech Drive and Ringwood Avenue, not forgetting the infamous Bishops Avenue being close-by.

Description
A newly renovated, ground floor premises situated in the affluent area of East Finchley, N2. Genzo Greek is an established restaurant having been trading for many years. The premises boasts the benefit of ample seating both internally and externally, with over 1,240 square feet of high specification trading space.

The premises is in immaculate condition and specification throughout including aluminium bi-folding shopfront doors, ceiling features, bespoke lighting, air conditioning, security alarm and the luxury of ample storage space at the rear of the premises with a fully fitted stainless steel kitchen, walk in fridges and the added benefit of an alcohol licence and licenced trading hours up to midnight. A new lease is to be negotiated.

Premium: £150,000
Rent: £20,000p.a
Rates: Please contact the local council for accurate information
Use: Class E with alcohol licence and A5 use
Terms: New lease to be negotiated

Genzo Greek has become a destination point with customers travelling from as far as Islington to enjoy their dining experience. The restaurant currently trades 6 days a week. Trading hours are currently from 12pm to 11pm.

The business has the potential to generate £20,000 p/w with the introduction of a 7 day trading week, a push on the cocktail offering, additional marketing, morning breakfasts, trading up until midnight, implementing a take away service and more.

A considerable amount of investment has been made into the premises such as:

Aluminium bi-fold doors
Fitted alarm
Sonos surround sound
Air conditioning
Professional interior design
Tiled flooring
Bespoke lighting throughout
Rear access
Fully fitted bar
Everything is owned (nothing leased)
Electrical powered awnings at the front
Rear access
A mixture of booth, bar and table seating areas
Drinks fridges
Bespoke, branded stainless steel fully fitted kitchen
Fracino coffee machine
Walk in cold room
Rear access

Please note we charge a £500.00 admin fee in order to process references on behalf of the incoming Tenants.

Please contact one of our commercial property consultants at your earliest convenience to avoid potential disappointment.

Terms
The premises is to be sold with a new lease, with a quoting rent of just £20,000 per year with a premium of £150,000 being sought.

VAT
It is of our understanding that VAT is not applicable on the rent.

Legal costs
Each party to bear their own legal costs.

Other
A proportion of the premium can be offset and applied to the yearly rental amount.

Viewing
Strictly by appointment only.