City of London Restaurant, Leadenhall Market, London, EC3V

  • 1,030 sq ft
  • Lease Assignment
City of London Restaurant, Leadenhall Market, London Lease Assignment - Confidential image.jpg
Property Type
Tenure Lease Assignment
Size 1,030 sq ft
Rent £15,000 per annum Additional 9% of the turnover
Business Rates Upon Enquiry
Energy Performance Rating Upon enquiry

Fully Fitted Restaurant in Leadenhall Market

Key Features

  • High Footfall Market
  • Fully Fitted Restaurant with Extraction
  • Two Floors Arranged with Dining Floors
  • Nearby Transport Links
  • Tourists Attraction within Proximity

Description

The premises are currently trading over as a restaurant operating, with a two-floor establishment, and a well-decorated layout to accommodate approx. 50 covers. The first floor is arranged with a dining area, customer toilets and a bar at the rear of the room. The second floor holds a fully fitted kitchen with extraction and a small dining area.

Available area

The accommodation comprises the following areas:

Name sq ft sq m
1st 625 58.06
2nd 405 37.63
Total 1,030 95.69

Location

The property is located on Leadenhall Market, in the heat of the City of London. The market accommodates many international and independent food operators, such as Pizza Express, Tortilla, The Lamb Tavern and Bibimbap to Go. The property is located within a few minutes’ walk to the Bank, Monument Tube Station, and Fenchurch Street Train Station.

Tenure

An assignment of the existing lease was granted for 10 years from 25th December 2020, with 5 yearly rent reviews. The lease is granted inside the security of tenure provisions of the Landlord and Tenant Act 1954.

Rent

The current passing rent is £15,000 with an additional 9% of the turnover.

Planning Use

The premise benefits from an E-class planning use.

Premium

Offers in the region of £100,000.

VAT

All prices quoted may be subject to VAT if applicable.

Confidentiality

This sale is highly confidential and under no circumstances should a direct approach be made to staff as they are unaware of an impending sale.

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.