Restaurant & Cafe For Sale in Islington
Property ID: RPS-22997
PROOF OF FUNDS REQUIRED: All interested buyers must be able to provide proof of funds before requesting a viewing.
MAIN DETAILS
Extraction in place but no gas
Premises licence in place
Ideal for cafe, deli & tapas bar
Covers: Circa 16
Located on a busy road in Islington
LANDLORD’S REQUIREMENTS
Guarantor required (subject to references)
3-6 months' rent deposit required (subject to references)
Other usual checks will be carried out
LEASE DETAILS
Lease: Ending June 2027 (Inside LTA 1954 Act)
Current Rent: £14,000 per annum exclusive
Rent review: Every 5 years
Premium: £99,000 (Business, Lease & fixtures and fittings)
THE PREMISES
Retail area: Circa 430 sq. ft
Covers: Circa 16
Extraction & premises licence in place
Currently qualifies for small business rate relief (subject to change)
THE BUSINESS
Gross Revenue: We have been informed that the business generates a gross revenue of circa £182,000 per Annum (£3,500/week).
Our client (chef) manages the business with 1 full time and 2 part-time staff members.
THE LOCATION
Busy road in Islington, North London
VIEWINGS & CONFIDENTIALITY
All interested buyers must have proof of funds to meet the premium and landlord’s requirements.
All interested buyers must agree to a 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 is issued without responsibility on the part of the firm, therefore is not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. Neither the firm nor any of its employees has any authority to make or give, any representation or warranty whatever in relation to this property.
