Prime Corner 70 Cover Restaurant

Price:

Leasehold - £150,000

Seller Ref:

upperstyoungs

Location:

London, Upper Street, Islington

Business Type:

Food Service Businesses

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Description:

THE BUSINESS:

CONFIDENTIAL STAFF UNAWARE
Fantastic Corner Return Frontage
Prime Islington Location
Extremley High Footfall
Rent: £75,000 PAX
Premium: £150,000
70 Covers With Potential To Increase
Walking Distance To Angel Station

Location Details:

Situated minutes away from and Angel, Highbury and Islington Underground Station this restaurant is easily reached from all parts of the city. Arsenal football stadium is less than 1 mile away. The venue is located in the heart of Islington on a corner plot with a return frontage onto Waterloo Terrace. Nearby occupiers include Threshers, Ladbrokes, The Fig and Olive, Pizza Hut and Al Meida Street theatre

Lease Terms:

The property is held by a Full Repairing and Insuring Lease for a term of 15 years; and benefits from an unexpired term approximately 12 years. The lease is subject to 5 yearly rent reviews, the next being due within 2 - 3 years. 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.