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Commercial Property to rent

Hatton Garden, EC1N

£3,540 pcm

Property Description

Letting information:

Furnishing: Unfurnished

Key features

  • Restaurant for sale
  • Successful Spanish Paella Take Away business
  • Busy City Location
  • Corner unit with 50ft return frontage

Full description

Restaurant for Sale with REDUCED PREMIUM!. Successful Spanish Paella restaurant in busy corner location in Hatton Garden with a unique take away concept.

LOCATION
The premises are located in the corner of Hatton Garden and Hatton Wall, few metres from vibrant Leather Lane street market, home to many street food operators.
Farringdon (Rail, Metropolitan, H&C and Circle lines, with the new Elisabeth Line due to start operating in 2018) and Chancery Lane (Central Line) underground stations are both within easy walking distance
DEMISE
The restaurant was completely refurbished in 2016 to a high standard and is located in an attractive period corner building.
The ground floor has the benefit of gas cooking extraction and the basement a preparation area, storage, staff room and 2 x wcs.

The restauran extends to approximately 1,051 sq. ft. divided as follows
Ground floor 540 Sq. Ft.
Basement 511 Sq. Ft. plus toilets
(all measurements are approx.)

The unit also benefits from ample seating outside.
LEASE
Assignment of the existing lease Inside the Landlord and Tenant Act 1954 expiring on 20th of January 2028. The sale includes fixtures and fittings.

Also available on a sublease with a rent of £65,000 per annum exclusive.

PREMIUM
Offers invited in the region of £50,000 for the valuable lease interest and the fittings. The lease can also be acquired by purchasing the UK company running the restaurant.

RENT
The passing rent is £42,500 pax. with next rent review in Jan 2023.

BUSINESS RATES
Interested parties are advised to make their own enquiries.
SERVICE CHARGE
To be confirmed

LEGAL COSTS
Each party to bear their own legal costs relating to the sale of the lease. Landlord’s assignment costs to be split between outgoing and ingoing tenants.

EPC RATING
Further details available upon request.


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