Prime Corner 70 Cover Restaurant In Islington For Sale

Business description

CONFIDENTIAL STAFF UNAWARE
Fantastic Corner Return Frontage
Prime Islington Location
Extremley High Footfall
Rent: £75,000 PAX
Premium: £150,000
70 Covers With Potential To Increase
Walking Distance To Angel Station

Property information

Property:

Leasehold

Lease terms:

The property is held by a Full Repairing and Insuring Lease for a term of 15 years; and benefits from an unexpired term approximately 12 years. The lease is subject to 5 yearly rent reviews, the next being due within 2 - 3 years. It is understood that the lease is granted inside the Security of Tenure Provisions of the Landlord and Tenant Act 1954, part two as amended.

Leasehold rent:

£75,000 per annum

Location:

Situated minutes away from and Angel, Highbury and Islington Underground Station this restaurant is easily reached from all parts of the city. Arsenal football stadium is less than 1 mile away.
The venue is located in the heart of Islington on a corner plot with a return frontage onto Waterloo Terrace.
Nearby occupiers include Threshers, Ladbrokes, The Fig and Olive, Pizza Hut and Al Meida Street theatre

Premises details:

Ground floor: The ground floor area comprises of reception area with bar to rear and accommodates approximately 65-70 covers. The kitchen is located to the rear with ladies and gent’s W.C. also to the rear. There is potential to create more seating by relocating the kitchen to the lower ground floor.
Lower Ground Floor: Access via stairs to the rear of kitchen creating ample storage areas for fridges, freezers and further floor preparation.

Size in square feet:

2,029

Other information

Furniture / Fixtures value:

£25,000 (included in the asking price)

Inventory / Stock value:

£25,000 (included in the asking price)

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