ASSIGNEMENT OF EXISTING LEASE - Long establshed Thai restaurant, lease for sale within the Landlord and Tenant Act.
LOCATION
St Paul's Road is a busy thoroughfare connecting Islington to Hackney via Newington Green, Stoke Newington and then on to Dalston and Hackney Central. Set on the boundaries of Highbury, Cannobury, and Angel on a very busy thoroughfare with a selection of well known local restaurants and cafes.
Highbury Corner is a vibrant hub in the heart of Islington with many independent and national, restaurants, bars, retail, office and residential. Highbury & Islington Station (Overground, Great Northern and Victoria lines) is 0.2 miles away, being less than a 5 minute walk. Further benefits from bus routes in all directions including east to Hackney Central and Victoria Park, south to Angel and Kings Cross and north to Finsbury Park, Highgate and Crouch End.
DESCRIPTION
Glass street facing frontage in prominent position on road. The unit occupies the ground floor, lower ground floor and rear terrace and garden of this period, terrace, mixed use building. Long history or trading from the property with historical A3 license and over 15 years of good will. Ground floor dining area, covered terrace and garden seating. Large kitchen with canopy and extraction system.
ACCOMMODATION
978 sq ft
AMENITIES
Operating Restaurant
Ground floor seating in main dining area
Covered terrace seating at rear
Garden seating
Prominent Position
High footfall in affluent area
WC's
Kitchen
Extraction
Premises License
TERMS
Available on assignment of existing 15 year full repairing and insuring lease commencing from in 2012, inside the landlord & tenant act. Renewal of new lease can be negotiated as part of assignment.
Rent is £22k pa.
Premium sought for renewed lease term, goodwill, fixtures & fittings - offers in excess of £65,000.
OUTGOINGS
Parties are advised to make enquiries with the local authority.
LEGAL COSTS
Each party to bear own legal costs, ingoing tenant to be responsible for the landlords legal costs associated with the assignment.
VIEWING
Strictly by appointment through Sole Agents Drivers and Norris
