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Beautiful Restaurant In Islington To Let

UK
Asking Price:
£82,000 per annum
Turnover:
Undisclosed
Net Profit:
Undisclosed

The premises comprise the ground and basement levels of a beautiful Grade II Listed Building and are fully fitted to a good standard as a restaurant. There are approximately 80 covers on the ground floor, arranged spaciously, as well as a large bar and open kitchen. Toilets, storage and staff areas are located in the basement.

The premises are prominently located on St John Street close to the junction with Roseberry Avenue. Angel Islington junction is a short walk away where Angel underground station is located as well as many schools, offices, retailers and restaurateurs. Nearby Operators include The 411 London, The Banana Tree Canteen, The Harlequin pub and Electrowerkz to name a few.

Tenure: The premises are held by way of an FRI lease expiring in June 2039, with 4 yearly rent reviews, the next review being in June 2026.

Passing Rent: £82,000 per annum exclusive, with the next review in June 2026.

Premium: Offers in the region of £120,000.

VAT: VAT may be applicable to the rent, premium and other outgoings.

Planning/Licence: The premises benefit from E Class use with a premises licence in place until midnight Monday to Saturday and 23:30 on Sunday with the standard restaurant conditions.

Key selling points:
Extensive Frontage

80+ Covers and Large Bar

Open Kitchen

Busy Location

Good Transport Links

Property Information

Property:

Leasehold

Leasehold Rent:

£82,000 per annum

Size in square feet:
3500 sqft