Restaurant for Sale in Farringdon

  • Premium £350,000
  • £65,000/Annum
Farringdon, London, UK
AVAILABLE BUSINESS & LEASE FOR SALE

Restaurant for Sale in Farringdon

Farringdon, London, UK
  • Premium £350,000
  • £65,000/Annum

Description

Restaurant for Sale in Farringdon – Corner Unit, High Visibility


MAIN FEATURES

  • Circa 1867 Sq. Ft (Spread over Ground floor and Basement)
  • Corner Unit with High Visibility
  • Stone throwaway from a 100 bed hotel
  • 5 Star Food Hygiene
  • Good footfall throughout the day
  • Large storage and kitchen in the basement

LANDLORD’S REQUIREMENTS

  • Rent deposit subject to references
  • Personal Guarantor subject references
  • Proof of funds
  • Accountant’s references
  • Trade references

LEASE DETAILS

  • Lease: Expiring 2038 (Inside the Act of 1954)
  • Passing Rent: £65,000 plus VAT
  • Next Rent Review: TBC
  • Premium: £350,000 (Business, Lease & FF&E)

THE PREMISES

  • Circa 1867 Sq. Ft
  • Fully Fitted Commercial Kitchen
  • Opening Hours: 11:00 to 11pm (Fri & Sat: 11pm to 12pm)
  • Business Rates: Circa £21,332 (Rateable Value: 42,750)
  • 60 Covers
  • Benefits from 3 phase Electricity supply
  • Gas and Extraction in place
  • Premises licence in place

THE LOCATION

  • Farringdon, City of London
  • 0.4 miles to Farringdon Station
  • 0.9 miles to King’s Cross Station
  • Nearby Hotels and Museums

TRADING & FINANCIALS

  • Trading as Cafe and Restaurant
  • Gross Sales Revenue: Circa £15,000/week (£780,000/year) (As per the vendor)
  • Currently our client manages the restaurant with 9 full time staff

VIEWINGS & CONFIDENTIALITY

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.

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.

Details

Updated on September 12, 2023 at 2:29 pm
  • Price: Premium £350,000
  • Size: 1867 Sq Ft
  • Covers: 60
  • Use: Restaurant/Cafe
  • Type: RESTAURANTS, CAFES
  • Status: AVAILABLE

Overview

  • RESTAURANTS, CAFES
  • Type
  • 1867
  • Sq Ft

Contact Information

RPS_Agent
  • RPS_Agent

Enquire About This Property

Compare listings

Compare
Search
RPS_Agent
  • RPS_Agent