Location On Map
PRIME LOCATION RESTAURANT LEASE FOR SALE
The property is prominently located on the corner of Old Street & Whitecross Street. The area is highly populated with offices and is well served with many retailers, restaurants, coffee shops and pubs. Transport facilities are convenient as both Old Street (Northern Line) and Barbican (Circle, Metropolitan and Hammersmith & City Lines) Underground Stations are within walking distance. Numerous buses also serve the area.
The property comprises a fully fitted ground floor restaurant with kitchen and additional storage in the basement.
AREAS (All Measurements Are Approximate)
Ground Floor – Sales: 570 Sq Ft (53 Sq M)
Basement – Kitchen & Storage: 646 Sq Ft (60 Sq M)
TOTAL: 1,216 Sq Ft (113 Sq M)
Assignment of a Full Repairing and Insuring Lease granted in September 2014 for a term of 20 years and subject to 4 yearly rent reviews. The lease is contracted inside the Landlord and Tenant Act 1954.
£58,000 per annum exclusive (* 2018 Rent Review has been settled)
Offers invited for the benefit of the Lease, Licence and all fixtures & fittings.
The property benefits from a Premises Licence.
Monday – Friday 12:00 to 22:00
Saturday 18:00 to 22:00
Each party to bear their own legal costs.
Available upon request.
We have been advised that the current business rates payable are approximately £12,000 per annum. However, interested parties are advised to make their own enquiries to the Local Authority.
Under the Money Laundering Regulations Act 2004, we are obliged to verify the identity of proposed tenants prior to instructing solicitors in order to assist in preventing fraud and money laundering. This information is required by Law.
COMMERCIAL LEASE CODE
Christo & Co have advised their clients about The Code for Leasing Business Premises in England and Wales 2007. The code strongly recommends seeking professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The code is available via the website www.leasingbusinesspremises.co.uk
Strictly by appointment through owner’s SOLE agents as above.