Restaurant for Sale in Primrose Hill (Under Offer)

Cafe & Restaurant for Sale in Primrose Hill, Regent’s Park

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Rent: £65,000 PAX | Circa 1145 Sq. Ft (3 Floors) | Lease: Ending July 2036

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MAIN FEATURES

• Fully Fitted Modern Restaurant
• Excellent Location in Primrose Hill, Regent’s Park
• Benefits from Public Car Park nearby
• Outdoor Space for Circa 12 covers
• Late Night License up to 12:30am

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LEASE DETAILS 

• Lease Ending July 2036 (Inside the Act of 1954)
• Current Rent: £65,000 per annum exclusive
• Rent Review: 4 Yearly
• Next Rent Review: July 2024
• Premium: £65,000 (Lease & fixtures & fittings)

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PREMISES

• EPC Rating: E
• Ground Floor Restaurant Circa 334 Sq. Ft (40 covers)
• First Floor Restaurant: Circa 216 Sq. Ft (12 covers)
• Basement Kitchen: Circa 317.53 Sq. Ft
• Fully Functional Commercial Kitchen
• Extraction in place
• Benefits from Premises Licence
• Rateable Value: 66,750 (Payable Business Rates: Circa £33,792/year)
• Permitted Hours: 10am to 12:30am | Sun: 10am till 12:00am

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THE LOCATION

• Primrose Hill, Regent’s Park
• Chalk Farm Underground: 0.3 mile
• Camden Town Underground: 0.8 mile
• The Regent’s Park: 03 mile
• Excellent location occupied by independent eateries and retailers

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TRADING

• Turnover: Circa £10,000/week (£520,000/year) as per the seller
• Trading Hours: 4:30pm till 10pm
• Open for lunch during weekends
• Excellent reviews across various platforms

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REASON FOR SALE

• Other Businesses: Our client owns a few successful restaurants in London and has not been able to dedicate enough time and attention to this existing business hence wants to exit.

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LANDLORD’S REQUIREMENT

• Preferably with Hospitality Background
• 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.