Restaurant for Sale near King’s Cross Station

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Rent: £156,000 PAX | Premium: Price on Application | Grant of New Lease (Up to 30 years)

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MAIN FEATURES

• Opposite to Kings Cross Station
• High Passing throughout the day
• Spread Over Ground Floor & Basement
• Circa 1155 Sq. Ft
• Benefits from Premises Licence, Gas & Extraction

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LEASE DETAILS 

• Grant of New FRI Lease upto 30 years
• Rent: £156,000 PAX
• Rent Review Term: Every 5 years
• Premium: POA (Our client is seeking a substantial premium)

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PREMISES

• EPC Rating: D
• Area: Total Circa 1155 Sq. Ft
• Ground Floor :Circa 599 sq.ft (40 covers)
• Basement: Circa 556.38 sq. ft (Kitchen)
• Benefits from Extraction & Gas Connection
• Rateable Value: 24,250
• Business Rates Payable: Circa £12,000 per annum
• Permitted Opening Hours: 10am till 12:30am | Sun: 12pm till 12am

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THE LOCATION

• Excellent location
• Opposite to Kings Cross Station
• Immediate units occupied by national & international retail brands
• 0.3 Mile from British Library
• Over 50 Hotels and B&B within half mile

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TRADING

• Currently trading as a restaurant

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REASON FOR SALE

• Other opportunity

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LANDLORD’S REQUIREMENT

• Rent Deposit Required (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.