Restaurant for sale

Holloway Road, Islington, London, N7

£80,000
2,248 sq. ft.

Property Description

Commercial information

  • 2,248 sq ft (208 sq m)

Full description

Tenure: Leasehold

Property Inc Commercial brings to market this huge unique commercial unit in excess of 2200 sq. ft which is currently occupied as an Indian restaurant.

The unit has been a family run Indian restaurant since 1984 and has become a real gem to Islington and its community. With traditional cabins and a grand bar, the restaurant seats an impressive 100 people in one sitting. Whether you are looking for a quiet romantic evening or out with work colleagues the space caters for all.

The unit has 2 car parking spaces which you can access via the rear entrance allowing loading/deliveries or staff to park with ease in the bustling area of Holloway Road.

The fully licensed restaurant currently holds an A3 licence (For the sale of food and drink for consumption on the premises) and a late alcohol licence allowing alchohol to be sold and served until 1am.

If that wasn’t enough the unit contains 4 toilets (staff & customer), a kitchen of 350 sq. ft fully fitted with a clay oven and a store room of 347 sq. ft.

Holloway Road is one of the main shopping streets in North London and carries the A1 road as it passes through Holloway through to Highbury Corner.
It has been home to a huge mix of people for a long time, the handful of handsome new openings that are trickling up from the Highbury end have been welcomed with rumbling bellies. Sourdough pizza, fancy burgers, French cheese and even a Chicken Shop are now all nestled between the local restaurants, takeaways and pubs. With two large supermarkets, the fascinating Nag’s Head Market, Selby’s department store and various other useful retailers, you can accomplish any errand.
Not to mention London Metropolitan University which can be seen along the central stretch of Holloway Road adds to the already heavy footfall.

With stations minutes away such as Holloway Road, Highbury & Islington and Upper Holloway providing underground and over-ground, the Piccadilly and Victoria line Zone 2 transport couldn’t get easier.

To consider:

Rent - £55,000 PAX (Per annum exclusive of VAT)
Premium - £80,000 for the benefit of the lease and all fixtures and fittings.
Lease – A new Full Repairing and Insuring Lease directly from the Landlord for a term of years to be agreed subject to periodic rent reviews.
Rates - We have been advised that the current business rates payable are £12,939 per annum. However, interested parties are advised to make their own enquiries to the local authority.

Please contact us to arrange a viewing.

Think... Property Inc



Nearest stations

  • Holloway Road (0.4 mi)
  • Arsenal (0.6 mi)
  • Caledonian Road (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Property Inc. Ltd, London

7 Turnpike Parade, Green Lanes, London, N15 3EA

020 8012 0570 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.

Floorplans


To view this property or request more details, contact:

Property Inc. Ltd, London

7 Turnpike Parade, Green Lanes, London, N15 3EA

020 8012 0570 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

  • Holloway Road (0.4 mi)
  • Arsenal (0.6 mi)
  • Caledonian Road (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Property Inc. Ltd, London

7 Turnpike Parade, Green Lanes, London, N15 3EA

020 8012 0570 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.

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