OFFERS INVITED
Lease Assignment Corner Restaurant Premises

Key Features

• Great Corner Position
• High Footfall Location
• Good Transport Links
• Full Extraction in Situ
• 40 Covers

Description

The premises are fully fitted as a restaurant trading over Ground and Basement levels, providing approximately 30 covers plus additional bar seating for a further 10 covers. There is also external seating to the front of the premises for 4 covers. The basement houses the kitchen and back of house facilities.

Available area

The accommodation comprises the following areas:

Location

The restaurant is located in an excellent corner position on Chapel Market, close to Penton Road/Barnsbury Road. Chapel Market which is open daily (except Mondays) brings high footfall to the area, which is otherwise heavily populated with residents and office workers. Angel tube station on the Northern Line is a few minutes' walk away, via the Angel Central centre. Nearby restaurants include McDonalds, Liman and Hot Stone Steak & Sushi to name a few.

Tenure

The premises are available by way of an assignment of the existing full repairing & insuring year lease expiring in November 2034. The lease is understood to be held inside the security of tenure provisions of the Landlord & Tenant Act 1954, Part 2 as amended. There are tenant only breaks in November 2024 and November 2029.

Passing Rent

£35,000 per annum exclusive. There are rent reviews in November 2024 and November 2029.

Premium

Offers invited.

VAT

All prices quoted may be subject to VAT if applicable.

Planning Use / Licence

The premises benefit from Class E planning and there is a premises licence in place allowing the sale of alcohol with standard restaurant hours and conditions.

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 CDG Leisure client account.