Established Cafe Business for Sale in Hampstead Heath
Property ID: RPS-23419
PROPERTY & BUSINESS SNAPSHOT
Type: Fully fitted & established cafe
Location: Affluent residential area in Hampstead
Lease: Ending in July 2029 (Option of new lease)
Current Rent: £27,000 p.a. exclusive
Rent Review: Every 5 years with next review due in May 2027
Floor Area: Circa 774 sq. ft
Covers: Circa 64 covers (including outdoor seating)
Rateable value: 28,750
Business rates payable: Circa £10,900 per annum
Permitted use: Cafe (Class E)
Annual Turnover: Circa £468,000 (circa £9,000/week)
Ancillary: Premises licence in place
Premium: £225,000 (Lease & FF&E only)
LEASE & LANDLORD’S REQUIREMENTS
The opportunity is offered by way of assignment of the existing lease, which expires in July 2029 and we understand the lease is granted outside the security of the Landlord and Tenant Act 1954, hence the landlord may consider granting a new 10 years lease, subject to credible reference.
The landlord requires:
Rent deposit, subject to references
Satisfactory completion of the landlord’s usual referencing and due-diligence procedures.
MAIN DETAILS
Cafe is situated in the heart of Hampstead Village, an affluent and well-established residential area
It accommodates approximately 64 covers and benefits from domestic extraction (ideal for cafe) and premises licence.
We have been informed that the business generates an annual turnover of circa £468,000 (circa £9,000/week).
Our client manages the business with 6 full time staff and 1 part time staff member.
THE LOCATION
Situated on Heath Street in Hampstead, the property benefits from a well-established and affluent local catchment.
Hampstead Underground Station is within walking distance, providing easy access to central London.
The location offers potential for breakfast, brunch, lunch and weekend trade.
VIEWINGS & CONFIDENTIALITY
All interested buyers must have proof of funds to meet the premium and landlord’s requirements. All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client.
Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.
DISCLAIMER
The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.
