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104 Victoria Rd 608 sq ft Retail Property Ruislip HA4 0AL £999,995 (£1,644.73/sq ft)
Investment Highlights
- Prominent High Street location
- Includes a five-bedroom flat above (Unit 1)
- Excellent investment and business opportunity ideal for owner occupiers
- Circa 160-cover restaurant arranged across two adjoining units
- Unit 2 occupied by the vendor under lease until September 2038
- Price: £999,995 – Freehold interest including the business & unit 2 lease
Executive Summary
Price: £999,995 – Freehold interest including the business & unit 2 lease
Virtual Freehold – 999-year lease from 25 June 1992
Ground Floor circa 1550 Sq. ft with 40 covers, bar, kitchen & storage
First floor comprises of 1 living room, 1 bedroom & shower room (previously used as kitchen)
Second floor consists of 2 large bedrooms & 2 box rooms, 2 wc & bathroom
Leased Unit
Ground floor only & occupied by the vendor on a lease expiring in Sept 2038
Protected under the Landlord & Tenant Act 1954
Current Rent: £33,000 per annum (stepped increase until 2028)
Next rent review: September 2028 & every 5 years thereafter
Circa: 1291 sq. ft with circa 120 covers dining area & customer WC
Indian restaurant established over 45 years
Circa 160 covers with bar, large commercial kitchen and premises licence
Current rateable value for both units: 46,500
Payable business rates: £13,670 per annum (with current retail discount)
We have been informed the restaurant business generates gross revenue of circa £10,000/week (£520,000/year)
Virtual Freehold – 999-year lease from 25 June 1992
Ground Floor circa 1550 Sq. ft with 40 covers, bar, kitchen & storage
First floor comprises of 1 living room, 1 bedroom & shower room (previously used as kitchen)
Second floor consists of 2 large bedrooms & 2 box rooms, 2 wc & bathroom
Leased Unit
Ground floor only & occupied by the vendor on a lease expiring in Sept 2038
Protected under the Landlord & Tenant Act 1954
Current Rent: £33,000 per annum (stepped increase until 2028)
Next rent review: September 2028 & every 5 years thereafter
Circa: 1291 sq. ft with circa 120 covers dining area & customer WC
Indian restaurant established over 45 years
Circa 160 covers with bar, large commercial kitchen and premises licence
Current rateable value for both units: 46,500
Payable business rates: £13,670 per annum (with current retail discount)
We have been informed the restaurant business generates gross revenue of circa £10,000/week (£520,000/year)
Property Facts
Sale Type
Owner Occupier
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Shopfront Retail / Residential
Property Size
608 sq ft
Costar Property Class
C
Year Built
1958
Price
£999,995
Price per sq ft
£1,644.73
Tenancy
Single
Number of Floors
3
Frontage
20 ft on 104 Victoria Road
Amenities
- Restaurant
- Security System
- Signage
- Roller Shutters
- Storage Space
- Air Conditioning
- Smoke Detector
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104 Victoria Rd
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