Restaurant for Sale in Kentish, NW5, Camden with Rear Garden.
Price: £99,000 | Rent: £35,200 pax | Area: Circa 1087 Sq. Ft | Lease: Until 2029
Large front restaurant located on busy high road
High footfall throughout the day
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: 125,000 (Goodwill, Lease & ff&E) (Certain chattels not included in sale)
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.
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.
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
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.
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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