Description

Restaurant for sale in Highbury Park, Islington

Property ID: RPS-23307

PROPERTY & BUSINESS SNAPSHOT

Type	Fully fitted restaurant
Location	Mixed use parade in N5 postcode
Lease expiry	Ending in May 2038 (Inside the 1954 Act)
Rent	£30,000 p.a. exclusive
Rent review	Every 5 years with another due in 2033
Floor area	Approx. 1,215 sq. ft inc basement
Covers	Circa 50 covers
Rateable value	13,000
Business rates payable	Circa £3,500 p.a. (after discount)
Permitted use	Restaurant (Class E)
Annual Turnover	Circa £280,800 (circa £5,800/week)
Ancillary	Gas, extraction & basement storage
Premium	£99,000 (lease, goodwill and FF&E)

LANDLORD’S REQUIREMENTS

Guarantor required (subject to references)
6 month’s rent deposit required (subject to references)
Other usual checks will be carried out

MAIN DETAILS

Restaurant for sale and ideal for any cuisine
Fully fitted 2 years ago
Ground floor is circa 1028 sq. ft with circa 45-50 covers
Fully fitted commercial kitchen in place
Basement comes with ample storage space

THE BUSINESS & PREMISES

Our client manages the business with 3 full-time staff members.
We have been informed that the business generated average gross revenue of £5,000 per week in 2024 and £5,800 per week in 2025.
The shop is circa 1215 sq.ft. with ground floor circa 1028 sq.ft approx & basement 187 sq.ft

THE LOCATION

Mixed use parade in Highbury Park, N5
Surrounded by busy residential streets
Situated close to Arsenal station

VIEWINGS & CONFIDENTIALITY

All interested buyers must have proof of funds to meet the premium and landlord’s requirements.

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client.

Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.

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.