Beautiful Restaurant in Islington
PRICE REDUCTION

Key Features

• Extensive Frontage
• 80+ Covers and Large Bar
• Open Kitchen
• Busy Location
• Good Transport Links

Description

The premises comprise the ground and basement levels of a beautiful Grade II Listed Building and are fully fitted to a good standard as a restaurant. There are approximately 80 covers on the ground floor, arranged spaciously, as well as a large bar and open kitchen. Toilets, storage and staff areas are located in the basement.

Available area

The accommodation comprises the following areas:

Location

The premises are prominently located on St John Street close to the junction with Roseberry Avenue. Angel Islington junction is a short walk away where Angel underground station is located as well as many schools, offices, retailers and restaurateurs. Nearby Operators include The 411 London, The Banana Tree Canteen, The Harlequin pub and Electrowerkz to name a few.

Tenure

The premises are held by way of an FRI lease expiring in June 2039, with 4 yearly rent reviews, the next review being in June 2026.

Passing Rent

£82,000 per annum exclusive, with the next review in June 2026.

Premium

Offers in the region of £95,000.

VAT

VAT may be applicable to the rent, premium and other outgoings.

Planning/Licence

The premises benefit from E Class use with a premises licence in place until midnight Monday to Saturday and 23:30 on Sunday with the standard restaurant conditions.

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.

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.