Restaurant for Sale in Kentish Town

Leasehold: £150,000
Rent: £35,200
Turnover: Not Applicable
Net Profit: Not Applicable

Restaurant for Sale in Kentish, NW5, Camden with Rear Garden.

Price: £150,000 | Rent: £35,200 PAX  | Area: Circa 1087 Sq. ft | Lease: Until 2029

MAIN FEATURES

Large front restaurant located on busy high road
High footfall throughout the day
Rear garden

LEASE DETAILS

Lease: Ending July 2029 (we have been informed it is inside the Act)
Passing Rent: 35,200 PAX
Rent Review Term: Every 5 years
Next Rent Review: July 2024
Premium: 150,000 (Goodwill, Lease & FF&E) (Certain chattels not included in sale)
TRADING DETAILS

Turnover: £2,000 to £3,000 per week (to be verified)

Dine-In and Takeaway only
Currently not signed up with delivery partners

Description:
We have been informed that the pre-COVID gross sales were in the region of £10,000 to £20,000 per month including takeaway & delivery. However, recent sales has reduced due to COVID. They currently open only for dinner trade between 6pm till 11pm and closed on Monday. However, due to a busy high road we believe that there is a huge opportunity to generate extra revenue by opening from morning till night.

THE LOCATION

Kentish Town, NW5
Busy High Road
Several Retail Shops & Eateries nearby
Kentish Town Station: 0.4 mile
Tufnell Park Station: 0.3 miles

Description:
Situated between Kentish Town and Tufnell Park station, this restaurant is perfectly located in a busy Fortess Road. The immediate shops are home to some high street retailers like Costa, Sainsburys, Pizza Hut and several other popular independent retailers.

THE PREMISES

Large Front Restaurant
Total Area: Circa 1087 sq ft (Spread over two floors)
Kitchen Area: Circa 206 sq ft
Rear Garden: Circa 20 covers
Restaurant & Cafe Use (New Use Class E)
Commercial Gas & Extraction
Premises License
Permitted Hours: 12pm till 11pm
Rateable Value: £23,700
Description:
Fully fitted 60 cover restaurant spread over two floors, a cozy bar and a rear garden suitable for alfresco dining for up to 20 covers. The first floor dining offers a great view towards the street. Spacious kitchen, fully fitted with extraction, fridge, freezer and cooker and grill. The premises benefits from alcohol & recorded music licence.

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.

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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.