Prime North London Restaurant & Bar

Key Features

• Fitted out to an Exceptional Standard
• Turnkey Business
• Late Licence with Bar Use
• Residential Upper Parts with Income
• Low Net Rent Payable

Description

The premises are currently fitted out as a modern Bistro and Cocktail bar with private function rooms. The restaurant area with the fully fitted kitchen to the rear, caters for approx. 120 persons with the adjacent bar area holding approx. 70 covers plus a further 80 covers on the mezzanine. The basement houses the customer toilets and ample storage space, and there is additional seating on the front outside terrace for approx.. 40 covers. The uppers consist of 9 self-contained rooms which are currently let out to staff.

Available area

The accommodation comprises the following areas:

Location

The premises are located on a prime high street location in Whetstone which is an affluent North London suburb. Nearby operators include a mix of both independent and national operators. Transport links are excellent with Totteridge & whetstone tube station being only a few mintues walk from the premises.

Tenure

An assignment of our Client's existing FRI lease which expire in approx. 6 years. The lease is granted inside the Landlord & Tenant Act 1954.

Passing Rent

£108,000 per annum exclusive.

Premium

On Application

VAT

All prices quoted may be subject to VAT if applicable.

Planning/Licence

The premises benefit from E class use with a premises licence to serve food with or without food until 1am Thursday to Saturday in the bar area.

Confidentiality

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