Restaurant in Finsbury Park

Key Features

• Sale Due To Relocation To Larger Unit
• Fully Fitted To High Standard
• Few Minute Walk From Finsbury Park
• Ground Floor
• EBITDA excess of £100k

Description

The Premises has recently had a full refurbishment with a new kitchen (including Reco extraction system), new air conditioning, bar and dining area. Arranged over ground floor and comprises 22 covers (16 internal, 6 external).

Available area

The accommodation comprises the following areas:

Location

The property is located in Finsbury Park, close to many independent and national operators such as Honest Burgers, Rosa`s Thai, Tonkotsu and many other restaurants.

Tenure

An assignment of our client's full repairing and insuring Lease from 16th September 2021 for a term of 15 years expiring in September 2036, subject to 5 yearly rent reviews. The next rent review is September 2026. It is understood that the lease is granted inside the security of tenure provisions of the Landlord and Tenant act 1954, Part 2 as amended

Rent

£38,500 per annum exclusive.

Premium

Offers in the region of £50,000. The name Coqfighter and anything unique to the brand Coqfighter will be excluded from the sale.

VAT

May be applicable to the premium and rent.

Planning / Licensing

Licensed to sell alcohol between 10:00am and 11:00pm Monday to Sunday.

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.