Fully-Fitted-Cafe With Premium-Decor In Winchmore Hill With 2-Bed-Flat For Sale

Description

Café for sale in Winchmore Hill with a two-bedroom flat. Property ID: RPS-22793. Proof of funds required: all interested buyers must be able to provide proof of funds prior to requesting a viewing.

Main features include a two-bedroom flat generating rental income of £24,000 per annum, a fully fitted café with premium décor, an open-plan kitchen at ground floor level, a large storage and preparation room in the basement, gas extraction and three-phase electricity, a premises licence in place, and street parking available.

Landlord’s requirements may include a guarantor subject to references, a six-month rent deposit subject to references, and completion of other standard checks.

Lease details: the lease runs until February 2040 and is inside the Landlord and Tenant Act 1954. The current rent is £50,000 per annum, with rent reviews every five years. The next rent review is scheduled for February 2030. The premium is £270,000, covering the business lease together with fixtures and fittings.

The premises provide an internal area of 822.57 sq ft, with approximately 20 covers inside and 15 in the garden. There is potential to increase total covers to between 50 and 60. The property benefits from gas extraction and three-phase electricity, with a premises licence in place. The rateable value is £23,750, with payable rates of approximately £11,851.25 per annum.

The flat (upper part) is a well-maintained two-bedroom unit, currently generating income of £24,000 per annum.

The business is reported to generate gross revenue of approximately £416,000 per annum (£8,000 per week). The operation is managed by the owner with two full-time staff, including the owner, and three part-time staff.

The location is a few minutes from Winchmore Hill train station, with street parking available.

Viewings and confidentiality: all interested buyers must provide proof of funds sufficient to meet the premium and the landlord’s requirements. All parties must agree to a Non-Disclosure Agreement with the company due to confidentiality requested by the client. Viewings are strictly through Restaurant Property Sellers only. Use of the website constitutes agreement with the Terms and Conditions.

Disclaimer: the information provided is supplied by the seller and is issued without responsibility on the part of the firm and should not be relied upon as statements of fact. Any intending purchaser must satisfy themselves as to the accuracy of each statement. Neither the firm nor any of its employees has authority to make or give any representation or warranty in relation to this property.