Prime Restaurant & Bar In Islington For Sale

Islington, London, UK

Asking Price:: On request Furniture / Fixtures included

Turnover:: Undisclosed

Net Profit:: Undisclosed

Fully fitted restaurant and bar in a prime Upper Street location, offering 5,373 sq ft across three floors. The premises provide approximately 120 internal covers, a further 25 covers on the outside terrace and additional roof terrace space. The property benefits from a late premises licence and high footfall.

A premises licence is in place permitting the sale of alcohol with or without food until 12am Sunday to Wednesday, 1am Thursday and 2am Friday and Saturday. These times also apply to indoor sporting events, live music and performance of dance.

Property Information

Property:: Leasehold

Leasehold Type:: Existing

Lease Terms:

FRI lease for a term of 15 years from July 2023, with five-yearly rent reviews and tenant-only break clauses in the 5th and 10th years. The lease is contracted outside the Landlord and Tenant Act 1954.

A holding deposit will be required to secure the property, will grant a period of exclusivity and will be held in the CDG Leisure client account.

Leasehold Rent:: £200,000 per annum

Location:: Upper Street, Islington, London, close to the Business Design Centre and a short walk from Angel Underground station. The location benefits from high daily footfall and is surrounded by independent and national operators.

Premises Details:

Restaurant and bar fitted to a high standard with approximately 120 internal covers, plus approximately 25 covers on the outside terrace and additional space on a roof terrace.

Ground floor: 2,670 sq ft
First floor: 2,240 sq ft
Second floor: 463 sq ft
Total: 5,373 sq ft