Cafe for sale

Shoreditch Licensed Cafe Wine Bar, 18 Phipp Street, London, EC2A 4NU

Under Offer Offers Invited

Property Description

Commercial information

  • Business for sale

Key features

  • Well placed close to Great Eastern Street
  • Fitted interior seating 60 people
  • Outside seating for 25
  • Triple fronted ground floor of 1,644 sqft
  • Highly desirable area with great growth
  • Ideal for A1 operator. Energy Rating C

Full description

Tenure: Leasehold

Description

Fitted to a high standard in 2013, this specialist Café Wine Bar provides an excellent platform to either expand the existing trade or develop a new concept to take full advantage of its location and local demographic.

Location

Shoreditch has become one of the trendiest and most desirable locations in East London, and has attracted developers and occupiers who have invested heavily in the area over recent years.

Located just off Great Eastern Street, to the north of the Bishopsgate district, nearby occupiers include Pizza Express, Reds True Barbeque, The Book Club, Old Blue Last and the well renown Oklava.

The Curtain Hotel, which houses the New York Restaurant brand as well as Red Rooster, which recently opened in May 2017 and will attract further footfall to the area.

Nearby developments include a 55,000 sq ft business centre of office and studio space with an estimated completion date of 2018, as well as the soon to be opened NOBU Hotel.

Internal Details

Lobbied entrance into open plan, light and airy interior, with bar counter to one side and a range of loose tables and chairs for 50 with 10 at the bar. High ceilings and wooden floors add to the atmosphere.

Kitchens are to the rear of the counter, fully equipped with extraction and side access.

Fixtures & Fittings

We are advised all trade fixtures and fittings at present in the property are included within the sale, with the exception of a small number of items subject to lease or hire purchase agreements.

External Details

Outside seating is provided along all three frontages with fixed ledges and stools for around 25 people.

The Opportunity

The business has operated in its current format since 2013, specialising in high end wine with a limited food menu. The business is now well established with a returning clientele. In this time the area has changed and our client feels new owners may wish to amend the concept to an A1 offering with a limited food offering to take advantage of the local demographic.

Staff

The business is owner operated with the assistance of four staff. All staff will transfer with the business in accordance with the Transfer of Undertakings (Protection of Employment) Regulations.

Trading Information

Trading accounts will be available to seriously interested parties who have viewed the premises.

Trading Hours

Monday to Friday: 12noon - 3:00pm & 5:00pm-12mindnight
Saturday: 5:00pm - 12midnight
Sunday: Closed

Business Rates

Rates payable are £1,819 per month

Regulatory

The property has a Premises Licence granted by the relevant local authority. It is a requirement of the Licensing Act 2003 that properties serving alcohol have a designated premises supervisor who must be the holder of a Personal Licence.
Prospective purchasers are advised to take appropriate specialist advice.


More information from this agent

Nearest stations

  • Shoreditch High Street (0.2 mi)
  • Old Street (0.3 mi)
  • Liverpool Street (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , London

Whitefriars House 6 Carmelite Street, London, EC4Y 0BS

020 3858 2841 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Shoreditch High Street (0.2 mi)
  • Old Street (0.3 mi)
  • Liverpool Street (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , London

Whitefriars House 6 Carmelite Street, London, EC4Y 0BS

020 3858 2841 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 2457317-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co , London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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