LOCATION: The business occupies a prominent trading position on Stroud Green Road in Stroud Green and benefits from being located in a densely populated residential area. The business benefits from being located in a high footfall area with excellent road links into Central London and the surrounding area. The nearest station is Crouch Hill.
DESCRIPTION: A3 restaurant with a alcohol license currently trading as a Italian restaurant and pizzeria . Glass wooden fronted trade space measuring with 100 covers, includes a well-equipped trade kitchen with prep area and storage, ice cream area, salad bar area, pizza area, bar area, small yard and male & female WCs.
BUSINESS: The business has a 5 Star review on Google. The business provides a delivery service with 2 of the best delivery service companies: Deliveroo and Uber. This brings in an average income of £850 - £900 weekly. the business has up to 100 covers.
USES: A3 with alcohol license
PREMIUM: £180,000 for the benefit of the lease, fixtures & fittings.
RENTAL: £35,000 per annum
TERMS: 4 years remaining & renewable
BUSINESS RATES: £17,000 per annum. Interested parties are advised to make their own enquiries to the local authority.
SIZE: Approximately 2281 sq ft
OPENING HOURS: Monday -Saturday 10:00 a.m - 15:00 p.m & 18:00 p.m - 23:00 p.m & Sunday 12 noon - 22:00 p.m
STAFF: Husband & wife team with 7 staff
TURNOVER: Current turnover in excess of £520,000 per annum
LEGAL COST: Each party to bear their own legal costs as well as the ingoing tenant to bear landlords legal costs
LOCAL AUTHORITY: Islington
ENERGY PERFORMANCE CERTIFICATE: Energy Performance Asset Rating is 67- C Rating. C copy of this property’s energy performance certificate is available on request
REFERENCE CHARGE: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non-refundable after the references have been taken up, whether they are accepted or not by the Landlord.
HOLDING DEPOSIT: A holding deposit will be required to secure the property the deposit will buy a period of exclusivity and will be held in the London Properties client account
FIXTURE & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition.
AGENT NOTE: London Properties for themselves for Lessors, Vendors and their agents, give notice that:-
1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.
2. These details do not constitute any part of an offer or contract.
3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.
4. All rent prices, fees and charges are quoted exclusive of VAT
VIEWINGS: Through London Properties by appointment only
Stroud Green Road, Stroud Green, London, N4 3PZ