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Fully Fitted Licensed Restaurant / Takeaway Lease Assignment For Sale

Elephant & Castle, London, UK
Asking Price:
On request Furniture / Fixtures included
Turnover:
On request
Net Profit:
On request

Premium: Offers invited
Rent: £9,600 per quarter
Tenure: Long lease / underlease assignment
Lease term: Lease runs to September 2043, subject to confirmation
Use: Licensed restaurant / takeaway use
Location: Elephant and Castle, London

A rare opportunity to acquire a long leasehold restaurant premises, close to Elephant & Castle, East Street Market and the wider regeneration area.

The premises are arranged over the ground floor and are suitable for restaurant, takeaway, café or similar food and beverage use, subject to the lease, landlord consent and any necessary licences. The property benefits from an established high-street location with strong passing trade, nearby residential density and good transport links.

The existing lease is available by way of assignment, subject to landlord and superior landlord consent. The lease runs until September 2043, offering a secure long-term opportunity for an operator looking to establish or expand in South East London.


Key Features

  • Prominent location
  • Close to Elephant & Castle and East Street Market
  • Long lease running to September 2043
  • Licensed restaurant / takeaway use
  • Suitable for restaurant, takeaway, café or food concept
  • Established trading location
  • Assignment of existing lease
  • Serious enquiries only

Property Information

Property:

Leasehold

Lease Terms:

Existing underlease of the ground floor premises at London SE17. The lease runs until 26 September 2043 and is available by way of assignment, subject to landlord and superior landlord consent, references and compliance with the lease terms. Premium: offers invited.

Leasehold Rent:

£38,400 per annum

Location:

The premises are located at Elephant and Castle, London SE17 2TE, on a busy high street with strong passing trade. The property is close to Elephant and Castle, East Street Market, local shops, residential areas and public transport links.

Premises Details:

Ground floor restaurant/takeaway premises held under an existing underlease. The premises are suitable for licensed restaurant, takeaway, café or similar food and beverage use, subject to lease terms, landlord consent and any required licences.

Size in square feet:
To be confirmed
Planning Consent:

The lease permits use as a licensed restaurant/takeaway. Any additional planning permissions, alterations or changes of use should be verified by the buyer and their professional advisers.

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Potential for growth through delivery platforms, extended trading hours, improved branding, catering, events, social media marketing and development of a strong local customer base. Any physical expansion or alteration would be subject to lease terms and landlord consent.

Competition / Market:

The area has a mix of restaurants, cafés, takeaways and retail operators. Competition is typical for a busy London high street, but the location benefits from strong footfall, local residents, workers and passing trade.

Reasons for selling:

The owner is looking to assign the lease and move on to other business interests.

Years established:
Since 2019

Other Information

Financing available:

No owner financing is currently offered.