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8 Handel Parade, Edgware Offers in the Region Of £85,000

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  • Established Take-away Business FOR SALE
  • Low rent @ £14,000 p.a.on a newly acquired Lease
  • No Business Rates currently payable
  • Business qualifies for Small Business Rates Relief
  • Advised weekly gross income of £4,000-£4,500
  • Parking/loading area at rear for 3/4 cars
  • Rear Storage unit with further potential
  • Total size of 54 sqM or 583 sq Ft
  • Busy location with bus stop outside/good footfall
  • New kitchen equipment recently purchased

Space Residential are delighted to offer an established (over 12 years) trading take-away business for sale in a busy and enviable location at the start of Whitchurch Lane close to the junction of Station Road and High Street Edgware.

With a low rent payable and a high gross turnover this business opportunity would suit an entrepreneurial restaurateur as there is still further potential to improve the business takings as well as the opportunity of installing seating to yet drive up the turnover still higher.

The shop is being sold with the benefit of all the existing and recently installed kitchen equipment, including a potato cutter, several fryers, two large freezers, a fridge and a number of further storage units and preparation tables in the rear. There is also a large open grill and 2 shish kebab stands.

Contact SPACE RESIDENTIAL on 0208 906 222 for further inquiries and viewings.


8 Handel Parade
Edgware HA8 6LD
County: Middlesex
Sale Type: For Sale
Ref #: 2540

Location

The premises occupies a prime main road position at the start of Whitchurch Lane. Located close to the junction of Edgware High Street near to many other multiple and local traders, restaurants, coffee shops and bars with Edgware Northern Line Underground Station and Bus Terminus close by. Also easy access nearby to both the M1 and M25 motorways.

Details

We have been advised by the vendors that the Lease is available by way of assignment of the balance of the 20 year FRI lease from November 2017 (to be confirmed) subject to 5 yearly rent reviews. We are advised that the current Rental is £14,000 per annum exclusive, paid quarterly in advance. Premium/price with all realistic offers considered of £85,000 subject to contract for the benefit of the lease, established business goodwill, fixtures and fittings Use - A5 Take away with contracts in place with Hungry House and Just Eat. Size 54.16 sqM (583 sq ft approx.) Turnover - we understand as advised by the vendors that current turnover is between £4,000-4,500 per week approx. Opening hours Monday to Sunday 11 am - 11 pm Staff owner managed with 2 full time staff. The premises currently benefits from Small Business rates relief meaning NONE is payable. The current rateable value is £10,500. However, it is recommended that all interested parties make their own inquiries with the local rating department at the VOA. Energy performance certificate is available upon request. Local authority - London Borough of Harrow. Legal costs to be confirmed.

Further Information

Space Residential will charge a fee of £250 plus VAT for taking up references for any proposed tenant. This fee is non refundable after the references have been applied for whether they are accepted or not by the landlord. A holding deposit will be required to secure the property. The deposit will secure a period of exclusivity and will be held in the Space Residential client account. Any fixtures, fittings, equipment, machinery and plant 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. Space Residential for themselves for the 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 Space Residential. 4. All rent, prices, fees and charges are quoted exclusive of VAT.


8 Handel Parade
Edgware HA8 6LD
County: Middlesex
Sale Type: For Sale
Ref #: 2540
Name Location Type Distance

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8 Handel Parade
Edgware HA8 6LD
County: Middlesex
Sale Type: For Sale
Ref #: 2540
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