Circa 120 covers a restaurant for sale. a few minutes from the British Museum. Prime Location.
Property ID: RPS-21490
PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting viewing.
MAIN FEATURES
Very Desirable Prime Central London Location
High Passing Trade
Brand New Extraction System
Brand new Gas and Electrical System & CCTV
Turnkey Business or suitable for company expansion
Total 120 Covers (Ground Floor: 60 Covers; Basement: 60 Covers)
Fully Fitted Commercial Kitchen in the Basement
Benefits from Premises Licence
Ltd Company for Sale
LEASE DETAILS
Lease: Ending Oct 2042 (Outside the Act of 1954)
Rent: £50,000 plus VAT
Rent Review: Every 5 Years
Next Rent Review: Oct 2027
Premium: £400,000 (Lease & FF&E)
THE PREMISES
Circa 1,992.39 Sq. Ft
Ground Floor: 691.043 Sq. ft.; Basement: 1,301.34 Sq. Ft
Circa 120 covers restaurants
Payable Business Rates: Circa £27,694.5/annum (Rateable Value: £55,500)
Brand New Gas and Electrical System
Brand New Extraction System
Fully Fitted Commercial Kitchen in the Basement
Food Lift in Place
Premises Licence in Place (Permitted Hours: 10 a.m.–11 p.m., Sat., 10 p.m., and Sun., 10:30 )
THE BUSINESS
Revenue: We have been informed that the business is currently generating a weekly sale of £10,000 net of VAT.
THE LOCATION
Prime Central London Location
Busy parade with multiple retailers
Nearest Attraction: British Museum, Russell Square & University of London
VIEWINGS AND CONFIDENTIALITY
All interested buyers must agree to a non-disclosure agreement with our company due to the “confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.
Strictly through restaurant property sellers only. By using our website, you agree to our terms & conditions.
DISCLAIMER
The above information is provided by the seller and is issued without responsibility on the part of the firm; therefore, it is not to be relied upon as a statement 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 whatsoever in relation to this property.
