Restaurant for sale

Holloway Rd, London N7

Fully Fitted Takeaway for Sale in Holloway Road, Islington.

Property id: Rps-23092

proof of funds required: All interested buyers must be able to provide proof of funds before requesting viewing.
Main details


Strong Holloway Road location with busy footfall traffic
Close to Arsenal Stadium
Crca 1,550 sq. Ft with outdoor space and large basement
Fully fitted unit with open plan kitchen and brand new extraction
Gas & three phase in place
Benefits from brand new walk-in fridge & freezer
Nearby occupiers include Afrikana, jd & Sports direct
Ideal unit for any type of cuisine & suitable for takeaway, restaurant or delivery-led operation

landlord’s requirements

Guarantor required (subject to references)
6 month’s rent deposit required (subject to references)
Other usual checks will be carried out
Lease details


Lease: Ending May 2038 (Inside the Act of 1954)
Current Rent: £32,000 per annum exclusive
Rent review: Every 5 years
Next rent review: May 2028
Premium: £140,000 (Business, Lease & fixtures and fittings)
The premises


Fully fitted service counter with drinks refrigeration units, salad counter, plate warmers, coffee machine, commercial Rational oven, deep fryers, flat grill, panini machine, multiple refrigeration units and standing freezers
Toast pos system with two self-order kiosks and kitchen order display
Electrics, gas and extraction recently renovated to a high spec
Brand new extraction system including silencers and carbon filters
Brand new CCTV and alarm systems
Ground floor circa: 1,000 sq. Ft and basement circa: 550 sq. Ft
Circa 20 covers with potential to increase
Fully fitted shop with gas, extraction, three phase & cold room
Rateable Value: 28,500

Payable Rates: Circa £10,887/annum (please confirm with local council)
Multiple basement / lower-ground rooms for prep, storage or support use
The lower ground floor has five large rooms and is bigger than the ground floor, offering excellent expansion potential as well as an ideal base for a dark kitchen or outside catering / production operation
Walk-in fridge & walk-in freezer
The business


Gross Revenue: We have been informed that the business generates gross revenue of circa £286,000 per Annum (£5,500/week) and is growing day by day.
Reason for sale: Shifted business priorities of one of the partners
The location


Strong Holloway Road location with busy footfall traffic
Close to the shopping district and multiple local footfall drivers
High schools, colleges and nearby university accommodation nearby
Busy street of Holloway Road
Close to Arsenal Stadium
Viewings & confidentiality


All interested buyers must have proof of funds to meet the premium and landlord’s requirements.

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client.

Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.
Disclaimer


The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.