Albion Road, Stoke Newington N16

  Ref 024489    

Albion Road, Stoke Newington N16

Ref 024489

  • £27,000 pa  

    Under Offer

    £27,000 pa  

    Under Offer

  • Description

    Fully fitted prominent restaurant with a wrap-around frontage with two outside terraces for al fresco dining. The premises offer approximately 40 covers and around 50-60 on the outside terraces. The premises are offered with full fixtures, fittings and equipment and also include a quirky three wheeler fully fitted catering van with servery (which was used during the lockdown to serve from the outside of the building). The business currently offers French cuisine but could be turned over to any cuisine. Currently the business does not offer any take-away or delivery service and this could be added to boost the turnover. Currently the business only trades 5 days a week and if the hours was extended the turnover could be further increased. The premises also have internal storage at ground and mezzanine floor and male & female WC’s.

    Gallery

    Area

    Ground floor sales 103.09 sq m (1109.55 sq ft) Mezzanine storage 21.36 sq m (229.89 sq ft) Outside seating area 25.09 sq m (270.04 sq ft) Total area 149.54 sq m (1609.49 sq ft)

    Lease

    Held on a 10 year full repairing and insuring lease from 23rd July 2019 at £27,000 pa with rent reviews in February 2022 and February 2027.

    £100,000 sought for the benefit of the lease, fixtures, fittings and equipment.

    Location

    Situated on the junction of Albian Road, Matthias Road, Green Lanes and overlooking Newington Green. This is a prominent well located property and Newington Green is a vibrant densely populated area.

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    Under Offer

    £27,000 pa