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Jul 14 2011

Golden Sip – up for sale?

Seems that another commercial property in South Harrow is up for sale at the moment.  This time, it’s the Golden Sip restaurant, next to Station Parade.

The details, from Ashford Finance and Property Services indicate that the turnover here is £12,000 per week, and that it can seat up to 200 people!  Here’s the full details:

Restaurant is divided into two sections, retail area of bar/restaurant is approx 1000 sq ft with seating for up to 50 people, 4 TV’s, AC unit, carpeted, 3 gambling machines, storage for cutlery and ladies and gents WC’s.

Banqueting hall has a separate bar and dining area approx 2000 sq ft with seating for up to 200 people, there is an elevated seating section and dance floor, 3 TV’s, separate entrance CCTV, speakers, ladies and gents WC in basement and small office, the banqueting area is divided by sound proof wooden sliding doors which can be opened up into 1 large dining area.

Kitchen area is approx 340 sq ft with double drainer sink, 5 stove gas burners, 2 large industrial gas burners, 1 small fridge, 2 tandoors, 1 large fridge freezer, 3 prep tables, tiled floor, extractor fan, there is an basement with storage area and beer cooler room, mega flow system and access through rear alley.

We are advised by the vendor the turnover is in the region of £12,000 Per Week.

Lease – 18 Years New Lease

Rent – £65,000 Per Annum

Rent Review – Every 3 Years

Rates – £14,000 per Annum

Legal Cost: In going tenant is responsible for vendor’s reasonable legal cost.

TENURE: £200,000 LEASEHOLD

For more details, click here.

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