House · N20 9HH
For saleReduced £10k (−9.1%) on 20 OctListed 177 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Business for sale – established licenced restaurant & takeaway A Rare Opportunity To Acquire A Well-Loved Independent Local Institution Offered for sale due to retirement, this is a unique chance to purchase a long-established and highly regarded restaurant and takeaway business that has proudly served the Whetstone community for over 30 years, becoming a cherished part of the local area’s independent business history.
Renowned for its heart-warming traditional Cypriot cuisine, BBQ Grill has built an outstanding reputation and a loyal customer following, with the current location successfully trading for the past 17 years.
Prime Trading Location: The premises occupies a prominent and highly visible position in the heart of Whetstone, benefiting from excellent daily footfall and being just moments from Totteridge & Whetstone Station.
Surrounded by a vibrant mix of cafés, restaurants, shops and local offices, the business also enjoys neighbouring presence beside the historic The Griffin, home to one of London’s largest beer gardens.
A rare lifestyle and commercial opportunity for an owner-operator, family business or experienced restaurateur seeking an established operation in a thriving North London location.
Description - E class commercial unit that has successfully been trading as a Licenced Restaurant / Take away with an established and extremely loyal customer base.
The property totals over 900 sq ft, or two floors ground and basement.
Rent: £27,062.83 per annum Rates: £2,820.95 per annum Premium: £150,000 Lease Expires February 2033 Assignment of a 10-year lease which began Feb 2023 Fully fitted Kitchen with Extraction Please contact one of our commercial property consultants at your earliest convenience to avoid potential disappointment.
Please note that we charge a £1,250.00 plus VAT fee for the processing of referencing, administration and anti-money laundering checks, payable by any incoming tenant.
Terms - Assignment of a 10-year lease VAT - It is our understand there is no VAT applicable Legal costs - The ingoing tenant to cover the landlords legal fees Viewing - Strictly via appointment only
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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