Prime Central SOHO A3 Cafe

Price:

Leasehold - £99,000

Seller Ref:

LoreiBateman

Location:

London, London, London

Business Type:

Food Service Businesses

See Other:

Bistros for sale in London
Cafés for sale in London
Coffee shops for sale in London
Fast food restaurants for sale in London
Sandwich shops for sale in London
Food service businesses for sale in London

Description:

THE BUSINESS:

Sought After SOHO Location
30 Covers On Ground Floor
Ground Floor: 389 Sq Ft
Consideration: £99,000
Passing Rent: £29,000 PAX
Approximately 10 Years Lease Remaining
A3 Cafe/ Snack Bar
Viewing Highly Recommended

The ground floor area can accommodate up to 30 covers and has the potential to offer outside seating at the front of the premises.

There is a fully equipped kitchen at the rear with extraction and filter system. There is also a yard at the rear which could be used to extend the premises, subject the necessary consents being granted. The property is in need of refurbishment throughout.

Location Details:

Situated minutes away from Tottenham Court Road & Leicester Square Underground Stations, Lorelei is located in the heart of Soho Nearby occupiers include Pret A Manger, Barrafina, Giraffe, Subway, Nando’s and Café Nero.

Lease Terms:

The property is held by a Full Repairing and Insuring Lease for a term of 15 years; with an unexpired term of approximately 10 years. The lease is subject to 5 yearly rent reviews and there is a review due imminently. It is understood that the lease is granted inside the Security of Tenure Provisions of the Landlord and Tenant Act 1954, part two as amended.