£300,000

Restaurant for sale

  1. Property photo 1 of 1.
Business

£300,000

(£217.55/sq. ft)

Restaurant for sale

Covent Garden WC2E

1,379 sq. ft

Local area information

Property location

Nearby amenities

  • St Josephs Catholic Primary School 0.1 miles
  • St Clement Danes CofE Primary School 0.1 miles
  • Covent Garden 0.2 miles
  • Holborn 0.2 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guides for Covent Garden, Aldwych and Theatreland to find out more about the local area.

Features and description

  • Located in the heart of Covent Garden
  • Sought-after location with passing trade
  • Fully fitted modern cafe with premises licence
  • Total area circa 1,379 sq. Ft (ground floor & basement)
  • Basement accommodates a bar with 35 covers
  • 3-phase supply in place but no gas
Modern Cafe for sale in Covent Garden. Sought-after location.

Property id: Rps-22367
Main details


Located in the heart of Covent Garden
Sought-after location with passing trade
Fully fitted modern cafe with premises licence
Total area circa 1,379 sq. Ft (ground floor & basement)
Basement accommodates a bar with 35 covers
3-phase supply in place but no gas

landlord’s requirements

Guarantor may be required (subject to references)
6 months or more rent deposit required (subject to references)
Other usual checks will be carried out
Lease details


Lease: Ending Aug 2038 (Outside lta 1954 Act)
Current Rent: £92,000 plus VAT
Rent Review: Every 4 years
Next Rent Review: Aug 2027
Premium: £300,000 (Business, lease and fixtures & fittings)
The premises


Ground floor: Circa 512 sq. Ft with 15 covers
Basement: 866 sq. Ft with bar & 35 covers
Current opening hours: 8:30am to 9pm
Benefits from 3-phase electric supply
Premises licence in place
5 Star food hygiene rating
Rateable Value: 89,000
Payable Rates: Circa £44,411/annum
The business


Gross Revenue: We have been informed that the business currently generates gross revenue of circa £624,000 per annum (£12,000/week).
Our client manages the business with 4 full-time kitchen & 4-5 staff in front of house.
The location


Covent Garden, WC2E
Few minutes from Covent Garden Station
0.4 mile to Tottenham Court Road
Nearby multiple eatery & retailers
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.

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  1. Zoopla
  2. Commercial for sale
  3. London
  4. Central London
  5. Charing Cross
  6. Long Acre