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Profitable Fully Fitted Wine Bar Islington For Sale

Islington, London, UK
Freehold Price:
On request Furniture / Fixtures included
Leasehold Price:
On request Furniture / Fixtures included
Turnover:
Undisclosed
Net Profit:
Undisclosed

Profitable, fully fitted wine bar in a busy Islington neighbourhood location close to Highbury & Islington Station. The 525 sq ft premises are arranged over ground floor and basement, providing approximately 41 covers, customer seating, bar facilities, storage and two walk-in fridges. With a low passing rent of approximately £16,000 per annum and a premises licence allowing alcohol sales until 11pm daily, this is an attractive opportunity to acquire either the existing business or leasehold interest. Enquire for premium details.

Property Information

Property:

Available as freehold and leasehold

Leasehold Type:
Existing
Lease Terms:

Lease expiring in approximately 7 years. Potential new lease availabe..A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the CDG Leisure client account.

Location:

Great neighbourhood location in Islington, close to Highbury & Islington Station. The surrounding area includes many long-established independent retail and restaurant businesses alongside national operators.

Premises Details:

Fully fitted wine bar arranged over two floors with approximately 41 covers. The 350 sq ft ground floor provides a bar and seating area with a large walk-in fridge. The 175 sq ft basement provides additional customer seating and useful storage. A second walk-in fridge is located in the rear yard and is currently used for storage.

Size in square feet:
525 sq ft
Planning Consent:

Class E planning use. The premises also have a licence allowing alcohol to be served on the premises with or without food, and off the premises with food only, until 11pm every day. Class E includes the sale of food and drink for consumption mostly on the premises.

Other Information

Leasehold asking price:
On request - Furniture / Fixtures included