Let

Property available on: 28/03/2015

Monty's Nepalese Restaurant in Northfield Avenue, Ealing, London, was established in 1980.The present owner is now retiring after 35 years of running this successful restaurant. The restaurant is part of a busy parade of shops on the west side of Northfield Avenue, in a fast improving trading area. The restaurant comprises of a large ground floor area with two customers toilets and one for staff.
Viewings strictly by appointment only.

Lease: Offered with a new 25 years lease with 5 yearly rent reviews. The restaurant has A3 licence with permission to sell alcohol.
Rates: Approximately £5,000 pa
Call Nigel on 0208 566 2228 to arrange a viewing.
Location: The premises are prominently located on a busy parade on Northfield Avenue very close to Mayfield Avenue. The nearest Tube Station is Northfields.

Description: Single fronted premises occupying of mid terrace building, tiled floor, tables & chairs providing seating for 52 people, two WC's( ladies and gents), there is a fully equipped professional kitchen, with stainless steel extractor plus stainless steel cladding to walls (cooking area) walk-in cold room, walk-in deep freeze and prep area to the rear.

Terms: Full repairing and insuring & renewable lease for 25 years

Business use: A3 licence with permission to sell alcohol.

Premium: £150,000.00 for the benefit of a new 25 year lease, fixtures, fittings and goodwill.

Rent: £25, 000 per annum.

Deposit - 3 months rent (£6,250.00)

Business rates: £5, 000 per annum approximately. Interested parties are recommended to make their own enquiries with the Business Rating Department of The London Borough of Ealing.

Size: Approximately 800 sq ft

Opening hours: Open 7 days a week Mon - Sun - 11 a.m till 11 p.m

Turnover: Current turnover in excess of £275,000.00 per annum

Staff: Owner managed with 3 x staff.

Utilities: All main services are connected.

Local authority:London Borough of Ealing

Legal costs: Each party is to bear their own legal fees.

Reference charge: There will be a charge of £200 plus vat for taking up references for proposal tenants.
A holding deposit will be required to secure the property, this deposit will buy a period of exclusivity and will be held in Daniel Paul's client account

Fixtures & Fittings: Any fixtures, fittings, equipment, machinery and plants 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 working condition.

A two bedroom flat above the restaurant is available for £1,000.00 per month on a separate Assured Shorthold Tenancy Agreement.