Wakley Street, London EC1V

  Ref 024382    

Wakley Street, London EC1V

Ref 024382

  • £42,400 pa  

    To Let

    £42,400 pa  

    To Let

  • Description

    CONFIDENTIALLY AVAILABLE
    Comprising a long established Japanese restaurant that specialises in eat-in, take-away and delivery service. The business has a substantial delivery business with regular clientele to the surrounding area which is heavy populated with residential accommodation and businesses. Even during the pandemic the business has maintained a substantial turnover and is now being offered due to the retirement of its principals. This business would suit an established restauranteur, entrepreneur or even someone without restaurant experience as the vendors are prepared to train a purchaser to ensure a smooth handover. The majority of the staff would likely stay on leaving the business unchanged. The business has exceptional accounts and has been showing good consistent profits over a number of years.

    Details of turnover etc only available to bone fide and qualified purchasers.

    Gallery

    Areas

    Restaurant & kitchen 610 sq ft (56.74 sq m)
    Basement, store, staffroom circa 300 sq ft (27.87 sq m)
    Total area approx. 910 sq ft (84.61 sq m)

    Lease

    Held on a full repairing and insuring lease from January 2020 for a term of 15 years at £42,400 pa plus VAT with 5 yearly rent reviews.

    £500,000 is sought for the benefit of the lease, goodwill, fixtures & fittings, website and trading concern as a whole.

    Location

    Situated in Wakley Street, Angel, Islington between City Road and the A1 Goswell Road. The nearest station is Angel Islington which is a short walk away.

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    To Let

    £42,400 pa