Modern Cafe for sale in Covent Garden. Sought-after location.
Property ID: RPS-22367
MAIN DETAILS
Located in the heart of Covent Garden
Sought-after location with passing trade
Fully fitted modern cafe with premises licence
Total area circa 1,379 sq. ft (ground floor & basement)
Basement accommodates a bar with 35 covers
3-phase supply in place but no gas
LANDLORD’S REQUIREMENTS
Guarantor may be required (subject to references)
6 months or more rent deposit required (subject to references)
Other usual checks will be carried out
LEASE DETAILS
Lease: Ending Aug 2038 (Outside LTA 1954 Act)
Current Rent: £92,000 plus VAT
Rent Review: Every 4 years
Next Rent Review: Aug 2027
Premium: £300,000 (Business, lease and fixtures & fittings)
THE PREMISES
Ground floor: Circa 512 sq. ft with 15 covers
Basement: 866 sq. ft with bar & 35 covers
Current opening hours: 8:30am to 9pm
Benefits from 3-phase electric supply
Premises licence in place
5 Star food hygiene rating
Rateable Value: 89,000
Payable Rates: Circa £44,411/annum
THE BUSINESS
Gross Revenue: We have been informed that the business currently generates gross revenue of circa £624,000 per annum (£12,000/week).
Our client manages the business with 4 full-time kitchen & 4-5 staff in front of house.
THE LOCATION
Covent Garden, WC2E
Few minutes from Covent Garden Station
0.4 mile to Tottenham Court Road
Nearby multiple eatery & retailers
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.
