Fully Fitted Bubble Tea Shop Covent Garden For Sale

Covent Garden, London, UK

Asking Price:: £65,000

Turnover:: On request

Net Profit:: On request

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Fully fitted bubble tea shop opportunity in prime Covent Garden, benefiting from high footfall and a location close to Trafalgar Square, the Strand and Charing Cross Station.

The premises are currently fitted as a bubble tea shop and arranged over ground floor and basement, providing 548 sq ft at ground-floor level and a further 300 sq ft in the basement.

The location benefits from busy seven-day trade, with substantial tourist, student and office footfall. Class E planning use provides commercial flexibility within the permitted use class.

Offers in the region of £40,000 are invited for the lease assignment. The current passing rent is £65,000 per annum exclusive plus 10% of turnover, whichever is higher. Enquire for further details.

Property Information

Property:: Leasehold

Leasehold Type:: Existing

Lease Terms:: An assignment of the existing lease granted in November 2022 for a term of 10 years subject to five yearly rent reviews. The lease is contracted outside the security provisions of the Landlord & Tenant Act 1954.
A holding deposit will be required to secure the property which will allow a period of exclusivity and will be held in the CDG Leisure client account.

Leasehold Rent:: £65,000 per annum

Location:: Covent Garden, Central London, close to Trafalgar Square, the Strand and Charing Cross Station. The area benefits from high tourist, student and office footfall seven days a week.

Premises Details:: 848 sq ft premises arranged over a 548 sq ft ground floor and 300 sq ft basement. The premises are currently fully fitted as a bubble tea shop.