London, N1 2XQ
Businesses For Sale, Commercial Property, Food Businesses, Leisure Property, Restaurants
The premises are prominently located on the Eastern side of Upper Street in North London. Upper Street plays host to a wide variety of bars and restaurants which include, Slug & Lettuce, Masala Zone, Roduzio Rico and Browns to name but a few. The premises are situated immediately opposite Screen on the Green Cinema. The area is considered extremely busy and a lot of passing trade. The nearest tube station is Angel (Northern Line) which is an 8 minute walk away
The premises are fully fitted to a good standard trading over ground floor and first floor, the ground floor is laid out to accommodate approximately 50 covers. The fully fitted kitchen with extraction vents to the roof are located in the basement with storage facilities. There is a rear yard area by the side of the kitchen. First Floor has a fully fitted bar which also has private dining and WCs to seat 35 covers. Second and third floor are offices on each floor. Rental income from the uppers of £14,000
Ground: 38.10 m2 / 410 Sq Ft
Basement: 39 m2 / 419 Sq Ft
First Floor: 49.50 m2 / 532 Sq Ft
Total: 126.60m2 / 1,362 Sq Ft
The premises are available by way of a new Full Repairing & Insuring Lease for a term of 15 years, subject to 5 yearly rent reviews. The lease is to be granted inside the security of tenure provisions of the Landlord and Tenant Act 1954.
The premises benefit from A3 planning use.
£78,000 per annum
This sale is highly confidential and under no circumstances should a direct approach be made to staff as they unaware of an impending sale.
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. Possession: Immediate upon completion of all legal formalities.
Through the vendors agent:
CDG Leisure (Attention of Emma Cousins)
a: 17 Cavendish Square, London W1G 0PH
t: 020 7100 5520
f: 020 7100 5530
Property reference: cpnmv997wr
The information exhibited about this property relates to a property listing advertisement. Commercial People Ltd makes no assurances as to the accurateness or completeness of the said advertisement or any connected or associated information. Commercial People Ltd has no control over the content of the advertisement. This property advertisement does not constitute property particulars. All information is provided and maintained by CDG Leisure. In the event of any discrepancies, we ask that you please contact the selling agent or developer directly.