ISLINGTON RESTAURANT
LEASE FOR SALE

TRADITIONAL ENGLISH OUTFIT
**NOW REDUCED TO £35,000**

CHAPEL MARKET, ISLINGTON, N1.

SUMMARY:

LOCATION:
Located within minutes of Angel underground station gives the Café easy accessibility. This is one of London’s few remaining traditional cafés situated on the busy market street. Nearby operators are The Elbow room & Subway. Due to its situation on the edge of the city this restaurant is in a perfect trading area. Due to the regeneration scheme taking place in the area there are currently talks in place to either completely pedestrianise the street or install a bus-route along Chapel Market. Either way this will create a lively and vibrant trading area. The café has a history of hosting celebrities and it was the location of the video shooting of Lily Allen’s song-“Smile”.

ACCOMMODATION/AREA:
There is a serving counter to the right hand side, kitchens and toilets are located at the rear. There is ample space for 50+ covers. The café is in reasonable decorative order and benefits from retaining the original mahogany woodwork throughout which is an attractive feature.

The premises were not formally measured upon inspection and all sizes quoted are approximate.

Ground: 900 Sq ft
Total: 900 Sq ft

LEASE:
The demise is held by way of a 16 year full repairing and insuring lease with 4.5 years unexpired. It is understood that the lease is granted inside the security of tenure provisions of the Landlord and Tennant Act 1954. The lease is subject to 4 yearly rent reviews.

PASSING RENT:
£19,000pax

PREMIUM:
Offers invited in the region of £50,000 £35,000 for my client’s valuable leasehold interest, state of the art fixtures and fittings.

PLANNING/LICENCES:
The premises benefit from A3 usage.