Restaurant/cafe for sale in Regents Park, London NW1

£135,000 (£118.01/sq. ft)
Interested in this property? Call +44 20 8033 3603 * or Request Details

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Restaurant/cafe for sale From 1,144 - 1,145 sq. ft*

Property features

  • Lease Assignment & Business for Sale
  • Sought-After Location in Primrose Hill
  • Circa 1145 Sq. Ft (3 Floors)
  • Benefits from Premises Licence

Property description

Cafe & Restaurant for Sale in Primrose Hill, Regent’s Park

Rent: £65,000 pax | Circa 1145 Sq. Ft (3 Floors) | Lease: Ending July 2036


Main features


Fully Fitted Modern Restaurant
Excellent Location in Primrose Hill, Regent’s Park
Benefits from Public Car Park nearby
Outdoor Space for Circa 12 covers
Late Night License up to 12:30am


Lease details


Lease Ending July 2036 (Inside the Act of 1954)
Current Rent: £65,000 per annum exclusive
Rent Review: 4 Yearly
Next Rent Review: July 2024
Premium: £135,000 (Lease & fixtures & fittings)


Premises


EPC Rating: E
Ground Floor Restaurant Circa 334 Sq. Ft (40 covers)
First Floor Restaurant: Circa 216 Sq. Ft (12 covers)
Basement Kitchen: Circa 317.53 Sq. Ft
Fully Functional Commercial Kitchen
Extraction in place
Benefits from Premises Licence
Rateable Value: 66,750 (Payable Business Rates: Circa £33,792/year)
Permitted Hours: 10am to 12:30am | Sun: 10am till 12:00am


The location


Primrose Hill, Regent’s Park
Chalk Farm Underground: 0.3 mile
Camden Town Underground: 0.8 mile
The Regent’s Park: 03 mile
Excellent location occupied by independent eateries and retailers


Trading


Turnover: Circa £10,000/week (£520,000/year) as per the seller
Trading Hours: 4:30pm till 10pm
Open for lunch during weekends
Excellent reviews across various platforms


Reason for sale


Other Businesses: Our client owns a few successful restaurants in London and has not been able to dedicate enough time and attention to this existing business hence wants to exit.

Landlord’s requirement

Preferably with Hospitality Background
Rent Deposit of 3-6 months (subject to references)
Bank, Trade & Accountant’s Reference required
Evidence of financial credibility


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.


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.

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Restaurant Property Sellers, W7 on +44 20 8033 3603 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Restaurant Property Sellers, and do not constitute property particulars. Please contact Restaurant Property Sellers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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