Established Cafe business for sale. E(A1) Class Use Unit comprising ground floor, basement and garden. Located along the busy and trendy Stoke Newington Church Street, only a short walk from Clissold Park.
The property is located in the center of Stoke Newington. This is a popular residential area with Church street described as having a village feel. All commercial occupiers are small independent businesses with one exception which keeps this thriving parade busy with local residents. The street is the main route to the A1, Kingsland Road and is service by a number of bus routes. Its also the main rout to the popular Clissold Park.
The property is comprised of the main service area at the front of shop with seating at the rear, along with toilet and a garden. The basement is used exclusively for storage.
Ground floor 90.6 sq m / 975.2 sq ft
Basement 39.3 sq m / 423 sq ft
Total: 129.9 sq m / 1,398.2 sq ft
Laminate wood flooring, Coffee machine, 4 x under counter fridges, Bufffalo grill , till, microwave, 2 chest freezers and 2 upright freezers.
Assignment of a full repairing and insuring lease for a term of 10 years from 2015.
Subject to 5 yearly rent reviews and break clause.
Inside the landlord and Tenant Act
Rent: £30,000 per annum
We have been advised that that current annual turn over is £300,000
£120,000 Premium sought for the benefit of goodwill, fixtures and fittings
Prospective tenants are advised to make their own enquiries with the Local Authority.
Each party to bear their own legal costs incurred in this transaction. The landlords legal fees are to be undertaken by the ingoing tenant.
Strictly by appointment via the Landlord's sole agent, Drivers and Norris. Staff not aware.
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