Fully Fitted Restaurant with Dark Kitchen for Sale in Stoke Newington

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Rent: £50,000 PAX | Circa 2,279 Sq. Ft (Two Floors) | Lease: Ending December 2029

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MAIN FEATURES

• Corner Unit with Bi-Folding Doors on both sides
• Premises Licence with Live Music & Plays
• Dark Kitchen with Separate Entrance
• Dark Kitchen Currently Let at £24,000/annum
• Benefits from Fully Fitted Cellar & Walk-In Freezer

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LEASE DETAILS 

• Lease Ending December 2029 (Inside the LTA 1954)
• Rent: £50,000 PAX
• Dark Kitchen Currently Let at £24,000/annum plus electricity bill
• Rent Review: 5 Yearly
• Next Rent Review: December 2024
• Premium: £65,000 (Lease, Business and fixtures & fittings)

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PREMISES

• Open Plan Kitchen
• EPC Rating: E
• Total Area Circa 2279 Sq. Ft
• Ground Floor: Circa 1206. 07
• Basement: Circa 1072.73 Sq. Ft (Venue, Dark Kitchen, Walk-In Freezer & Cellar)
• Covers Circa 50-60
• Payable Business Rates: Circa £13,348/year

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THE LOCATION

• Stoke Newington Road, N16
• Sought-after location
• Immediate units occupied by independent retailers

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TRADING

• Currently Trading a Argentinian Restaurant & Deli
• Weekly Events
• Gross Sales: Circa £182,000/annum | £3,500/week (as per the seller)
• Opening Hours: 3pm to 11pm | Fri & Sat: 11m to 12am | Sun: 10:30am – 9pm
• Permitted Hours: 8am till 11pm & Fri-Sat: 8am till 12:30 am
• Monday Closed

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LANDLORD’S REQUIREMENTS

• Preferably with Hospitality Background
• Rent Deposit of 3-6 months subject to references
• Must be able to provide 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.