Prime Covent Garden Restaurant With Outdoor Seating For Sale

Covent Garden, London, UK

Asking Price:: Undisclosed

Turnover:: Undisclosed

Net Profit:: Undisclosed

Under Offer. Fully fitted modern restaurant premises in the heart of Covent Garden, surrounded by local and national food, beverage and retail operators and a short walk from Covent Garden Underground Station. The 850 sq ft premises are arranged over ground floor and basement, with 16 internal seats, four external seats and an internal reco-air extraction system. The existing lease runs until September 2032, with offers invited for a quick sale.

Highly confidential and under no circumstances should a direct approach be made to staff as they are unaware of an impending sale.

Property Information

Property:: Leasehold

Leasehold Type:: Existing

Lease Terms:: FRI lease expiring September 2032 with five-yearly rent reviews. The lease is contracted outside the security provisions of the Landlord & Tenant Act 1954. £75,000 per annum exclusive, with a turnover rent provision of 9%, whichever is greater. 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:: £75,000 per annum

Location:: Located in the heart of Covent Garden, amongst numerous local and national food, beverage and retail operators. The premises are a short walk from Covent Garden Underground Station.

Premises Details:: 850 sq ft restaurant premises arranged over a 400 sq ft ground floor and 450 sq ft basement. Currently fitted as a modern restaurant with an internal reco-air extraction system and seating for 16 customers internally and four externally.