Islington Restaurant/Wine Bar Lease For Sale

Key Features

• Lovely Profitable Wine Bar
• Great neighbourhood Location
• Low Rent
• Busy Pitch
• Fully Fitted

Description

Fully fitted wine bar arranged over two floors — ground floor and basement — providing approximately 41 covers in total, with a bar and seating area on the ground floor and an additional customer seating area at basement level. There is also useful storage space in the basement, a large walk-in fridge within the ground-floor bar area, and a second walk-in fridge in the rear yard currently used for storage.

Available area

The accommodation comprises the following areas:

Location

Wine bar premises in a great neighbourhood location close to Highbury and Islington station. The area benefits from many long established, independent retail and restaurant businesses as well as the nationals.

Tenure

Lease expiring in approximately 7 years. Potential new lease availabe.

Passing Rent

Approximately £16,000 per annum exclusive.

Premium

On application - based on either a leasehold assignment or a business sale.

VAT

All prices quoted may be subject to VAT if applicable.

Planning/Licence

The premises benefit from Class E planning use with a premises license allowing alcohol to be served on the premises with or without food and off the premises with food only, until 23:00 every day of the week.

Confidentiality

Highly confidential, staff are unaware and must not be approached.

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.