Italian Restaurant for Sale in Kensington

Italian Restaurant for Sale in Kensington, London

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MAIN FEATURES

• Established Italian Restaurant
• Modern Decor & Fully Fitted
• Prominent Location in Kensington
• High Passing Trade
• Open-plan Kitchen
• Ground Floor & Basement Circa 1,885 Sq. Ft

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LEASE DETAILS 

• Lease Ending Feb 2037 (Inside LTA 1954)
• Current Rent: £45,000 plus VAT
• Rent Review Term: 5 years
• Premium: £250,000 (Goodwill, lease and fixtures & fittings)

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PREMISES

• Total Area Circa 1,885 Sq. Ft
• Ground Floor: Circa 852 Sq. Ft
• Basement: Circa 1,033 Sq. Ft
• Total covers circa 80 (Ground Floor, Basement & Rear)
• Benefits from 3-phase Electricity
• Payable Rates: £9,356.25 per annum
• EPC Rating C
• On & Off Licence
• Permitted Hours: 10am till 11pm

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THE LOCATION

• Kensington, London
• Excellent Location
• High Passing Trade
• Immediate units occupied by national and independent retailers

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TRADING

• Established Italian Restaurant
• Gross Sales: Circa £650,000/annum | £12,500/week (as per the seller)
• Exclusive Delivery Partnership with UberEATS
• Staff: Kitchen: 05 (FT) | FOH: 3 (FT) & 03 (PT) with 02 owners (PT)
• Opening Hours: Mon-Fri 5:30pm till 10:30 & Sat:12:30pm till 11pm, Sun: 12:30-10:30pm

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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.