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.