St Albans Place, The Angel, Islington, London N1
Ref 024228
St Albans Place, The Angel, Islington, London N1
Ref 024228
£40,000 pa
Under Offer
£40,000 pa
Under Offer
Description
Well known and established Italian restaurant. We are offering the lease for sale and the restaurant could be turned over to other cuisines if required as the interior is neutral in design. Fully fitted with all fixtures, fittings and equipment including air conditioning (no equipment has been tested) and comprising 70-80 covers and 8 al fresco on the front forecourt. The business produces an excellent turnover and also has a good delivery trade via Deliveroo. Licenced to 11.30 pm daily. This is an excellent opportunity to get a foothold in the area at a reasonable cost and offers a good opportunity for further expansion. All fittings are to a high standard as well as a well fitted kitchen, large pizza oven, male and female WC’s.
Gallery
Area
Total area 99.5 sq m / 1070.91 sq ft
Lease
Held on a 25 year lease from 1997 at £40,000 pa with 5 yearly rent reviews (a new lease may be available, subject to terms to be negotiated). The current lease is within the Landlord & Tenant Act and tenants have the right to renew.
£25,000 sought for the fixtures, fittings and equipment.
Location
Located on St Albans Lane which runs directly off Upper Street and roughly opposite Islington Green and within short walking distance to Angel underground station. This is a vibrant affluent densely populated area.
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Under Offer
