Restaurant For Sale in Holloway, Islington
Property ID: RPS-23364
PROPERTY & BUSINESS SNAPSHOT
Type Fully fitted restaurant
Location Prominent Holloway Road location
Lease expiry Ending in February 2037 (Outside the 1954 Act)
Rent £30,000 p.a. exclusive
Rent review Every 5 years
Floor area Circa 1124 sq. ft
Covers Circa 50
Rateable value 22,000
Business rates payable Circa £8,404
Permitted use Restaurant (Class E)
Annual Turnover Circa £234,000 (circa £4,500/week)
Ancillary Gas, extraction & premises licence
Premium £80,000 (Lease and FF&E)
LANDLORD’S REQUIREMENTS
Guarantor required (subject to references)
3-6 month's rent deposit required (subject to references)
Other usual checks will be carried out
MAIN DETAILS
Fully fitted restaurant in Holloway Road with 1124 sq.ft, 50 covers, extraction and premises licence.
The premises offer an opportunity for an incoming operator seeking an existing restaurant location in North London.
Fully equipped commercial kitchen, extraction, seating arrangements and other fixtures and fittings.
THE LOCATION
Close to Highbury & Islington station
Situated on Holloway Road in Islington, the restaurant benefits from proximity to Highbury & Islington station and surrounding residential neighbourhoods
The area features a mixture of independent restaurants, cafés, shops and other local businesses, providing opportunities to attract residents, commuters and visitors.
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.
