Fully Fitted Chicken Shop for sale in Stoke Newington, N16
Property ID: RPS-23327
PROPERTY & BUSINESS SNAPSHOT
Type Fully fitted Franchise Chicken Shop (closed)
Location Prime high street location in N16 postcode
Lease expiry Grant of new 15 year lease
Rent £30,000 p.a. exclusive
Rent review Every 3 years
Floor area (approx) Ground floor: 920 sq.ft & Basement: 444 sq.ft (FLOOR PLAN)
Covers Circa 20 covers
Rateable value 26,750
Business rates payable Circa £7,761.05 p.a. (discount applied)
Permitted use Takeaway (A5)
Turnover Currently closed
Ancillary Fully fitted to a high standard, with equipment installed less than one year ago
Premium £90,000 (New Lease and FF&E)
LEASE & LANDLORD'S REQUIREMENTS
A new 15-year lease is available at a rent of £30,000 per annum exclusive, with rent reviews every three years.
The landlord requires:
A guarantor, subject to references.
A six-month rent deposit, subject to references.
Satisfactory completion of the landlord’s usual referencing and due-diligence procedures.
MAIN HIGHLIGHTS
Prime position on Stoke Newington High Street, N16, with excellent visibility and strong passing trade
Prominent location opposite KFC, with KFC and Pret A Manger among the immediate neighbouring occupiers
Approximately 1,364 sq. ft. of accommodation, including basement, with around 920 sq. ft. on the ground floor.
Fully fitted to franchise standards, with modern commercial kitchen equipment and fixtures installed less than one year ago.
Approx. 20 customer covers, offering both takeaway and limited dine-in potential.
New 15-year lease available, subject to landlord’s usual terms and references.
Suitable for an experienced operator, franchisee, or food business looking for a ready-to-use premises in a strong North London trading location.
THE BUSINESS & PREMISES
The premises were previously operated as a franchise chicken and fast-food takeaway and have been closed for a few months due to personal circumstances.
The unit remains fully fitted and equipped, with the fit-out and equipment having been installed less than one year ago. The premises provide an opportunity for an incoming operator to take advantage of an existing commercial kitchen installation while avoiding the significant cost and disruption associated with fitting out a new takeaway premises from shell condition.
We have been informed by the seller that the business achieved average gross sales of approximately £8,000 per week prior to closure. This figure is provided for guidance only and should be independently verified by any prospective purchaser as part of their due diligence.
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.
