South End Road, Hampstead, London, NW3 2QB

110,000 Leasehold

South End Road, Hampstead, London, NW3 2QB

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  • 11 YEARS LEASE LEFT OF A 20 YEAR LEASE
  • APPROXIMATELY 1300SQFT
  • ONGOING BUSINESS PREMIUM 110,000
  • 3 INTERNAL SECTIONS PROVIDING 47 COVERS
  • DRINKS LICENCE
  • OPPOSITE HAMSTEAD HEATH & STATION

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Description

Deceptively large premises with (A3 use) small front forecourt accommodating 2 tables throughout the year. The premises measures approximately 1,300 s ft with 47 covers inside within 3 sections.
The premises are nicely decorated with a fully tiled floor. The business also benefits from restaurant 'Drinks License.'
The fully equipped business includes 2 fridges, a domestic fridge/freezer, a chest freezer, small fridge, ice machine, industrial microwave oven, domestic cooker, hot cupboard, Bain Marie, 2 stainless steel preparation tables.
In the take away section: cappuccino coffee machine, display fridge, double door fridge, single door fridge, cash register, 2 blenders, milk shake machine, coffee grinder, hot water urn.
BUSINESS RATES: 0 for 12 months granted due to CORONA VIRUS
LAST YEARS BUSINESS RATE 12,500
The premises is located on a parade of shops on a very busy road opposite Hampstead Heath over ground station and surrounded by densely populated residential area.
PLEASE NOTE: RE HEATING LICENCE ONLY

Location

Planning A3 use does not provide for a primary cooking on the premises although food may be heated in microwave. Business has been in the same hands for 6 years and average takings are 4,500/5,000 pw, no residential accommodation.
LEASEHOLD - 25 years lease commenced in March 1986 with 5 yearly reviews, current rent is 32,000 pa, last 3 years accounts available
A minor material amendment application would be required to vary/remove the restriction planning conditions applied on permission (PW9802936R1) and you would need to submit the following details to Camden Planning;
Variation of condition application form Fee - 234
Floor plans-existing and proposed, Elevations-existing and proposed, Details of any extraction system, Planning statement with details of use and how it"s going to change and what impacts it will have on the site and neighbouring properties if any.
Odour assessment and Noise assessment

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Additional Information

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For more details please call us on 020 8458 8044 or send an email to nelhams@dircon.co.uk.