Holborn wine bar and restaurant of impeccable reputation

Price:

Leasehold - £495,000

Turnover:

Seller Ref:

LC1160

Location:

London, London

Business Type:

Food Service Businesses, Pubs

See Other:

Bistros for sale in London
Cafés for sale in London
Restaurants for sale in London
Wine bars for sale in London
Food service businesses for sale in London
Pubs for sale in London

Description:

THE BUSINESS:

The Business Partnership is delighted to offer for sale this long established, family run wine bar in Holborn, central London.

The wine bar was established in 1973 and has been under the current vendor's management for over 25 years. It has built up a loyal following from the local commercial, legal and professional establishments surrounding its central location.

The intimate, yet surprisingly spacious interior caters for 70 covers in the main areas inside, 10 outside and also has a private dining room available for 12.

Location Details:

The wine bar is situated on an attractive semi-pedestrianised street in Holborn, close to numerous law offices, large commercial organisations and tertiary health centres. Numerous bus routes and three underground stations are close by.

Lease Terms:

The 15 year lease is automatically renewable in 11 years time, has 5 year reviews, is within the '54 Act and current rent is £52,000. Total area occupied is over 2,400 sq.ft.

Accommodation:

The vendor rents a 1-bed flat immediately above the premises at a remarkably low rent of £8,000 per year. There are 2 further flats available from the same landlord which may also be available to a suitable tenant.