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- LoopNet Team
20 The Broadway
London NW7 3LL
Property For Lease
PROPERTY FACTS
| Property Type | Retail | Gross Leasable Area | 1,082 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1950 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 1,082 SF |
| Year Built | 1950 |
ABOUT THE PROPERTY
Fully fitted restaurant with 45 covers and self-contained 3 bedroom residential accommodation above. The restaurant has the extra benefit of an al fresco seating area outside the property on the roadway provided by the London Borough of Barnet. The kitchen is a part open kitchen with prep and cooking area as well as wash area, staff room/dry goods storage. Currently trading 7 days a week with an excellent turnover 8.00 am—10.00 pm weekdays and 9.00 am—9.00 pm on Sundays. Currently trading with 12 staff on a rotational shift basis. This is an excellent opportunity to acquire a well fitted restaurant in a good quality area with an instant income from day one. The property is being offered with all fixtures, fittings and equipment (not tested). The residential accommodation is currently sub-let at £16,800 pa (£1400 per calendar month). Held on a 20 year full repairing and insuring lease from 2016 with 5 yearly rent reviews (recent rent review completed) at £45,626 pa including the flat. Offers in excess of £180,000 is sought for the goodwill, fixtures, fittings and equipment.
