Cafe for Sale in Holloway Road (Under Offer)

Cafe for Sale in Holloway Road, North London

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Rent: £21,000 PAX | Circa 753 Sq. Ft | Lease: Ending November 2027

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MAIN FEATURES

• Reduced for a quick sale
• Prominent Location in North London
• Outdoor Space for Circa 15 covers
• Benefits for Gas Connection & Extraction
• Premises Licence in Place

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LEASE DETAILS 

• Lease Ending November 2027
• Rent: £21,000 PAX
• Rent Review Term: Every 5 years
• Next Rent Review: November 2027
• Premium: £75,000 (Goodwill, Lease & fixtures & fittings)

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PREMISES

• EPC Rating: D
• Ground Floor: Circa 753 Sq. Ft
• Covers: Inside 20 | Outdoor: 15
• Extraction & Gas Connection in Place
• Rateable Value: £13,750 (Eligible for Business Rate Relief)
• Payable Business Rates: Circa £6,800 per annum
• Benefits from Premises Licence
• Licensing Hours: 11am to 11pm

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THE LOCATION

• Holloway Road, N19 
• Upper Holloway Station: 0.1 mile
• Archway Station: 0.3 mile
• Very Close to Whittington Park

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TRADING

• Turnover: Circa £4,500/week (£234,000/year) as per the seller
• Current Trading Hours: 7:30am till 5:30pm | Mon & Tue Closed
• Deliveroo & UberEats

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REASON FOR SALE

• Other Opportunities

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LANDLORD’S REQUIREMENT

• Proof of asset in the UK
• Rent Deposit of 3-6 months (subject to references)
• Bank, Trade & Accountant’s Reference required
• Evidence of financial credibility

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VIEWINGS & CONFIDENTIALITY

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client. Viewings are strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.

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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.