London, NW1

Restaurant Lease Assignment Opportunity

Kentish Town, London

Business Opportunity

An excellent opportunity to acquire the assignment of a well-established restaurant premises situated in the heart of Kentish Town. The premises are available with approximately 10 years remaining on the existing lease, making this an attractive proposition for restaurateurs and hospitality operators seeking a prime North London trading location.

The assignment includes the benefit of the existing lease together with the fixtures and fittings, with premium offers invited.

Situation

Occupying a prominent position within Kentish Town, the property enjoys high levels of pedestrian activity and is surrounded by a diverse range of independent cafés, restaurants, bars, convenience stores and local businesses.

The area continues to attract a strong residential and commercial customer base and is recognised as one of North Londons most desirable destinations for food and leisure.

The property is exceptionally well connected, with:

• Kentish Town Underground Station (Northern Line)
• Kentish Town Thameslink Station
• Gospel Oak Overground Station
• Numerous local bus routes providing convenient links across London
• The Premises

The accommodation extends to approximately 1,098 sq ft (102 sq m) and is arranged over the ground floor and basement.

The ground floor provides a commercial kitchen together with customer facilities and an additional room suitable for operational use.

The basement comprises two substantial rooms, a cold storage room and further ancillary storage, providing flexible accommodation for food preparation, storage or other business requirements.

The layout is suitable for a variety of commercial occupiers, subject to obtaining any necessary statutory consents.

Accommodation

Gross Internal Area

Approx. 1,098 sq ft (102 sq m)

Key Features

• Established restaurant premises
• Fully fitted commercial kitchen
• Extraction system installed
• Well-maintained throughout
• Rear external yard
• Cold storage facilities
• Excellent transport links
• Sought-after Kentish Town location
• Lease assignment opportunity
• Lease Details

The premises are held by way of a 15-year lease commencing in 2021, with expiry in 2036.

Rent reviews are scheduled every five years and are based on the open market rental value, subject to an upward-only rent review provision.

Approximately 10 years remain on the current lease.

Premium: Offers invited for the lease assignment, goodwill, fixtures and fittings.

Business Rates

Interested parties are advised to make their own enquiries with the relevant Local Authority regarding Business Rates and any reliefs that may be available.

VAT

VAT will be payable where applicable.

Legal Costs

Each party is to bear their own legal costs.

The incoming assignee will also be responsible for the landlords reasonable legal costs relating to the licence to assign.

Viewing Arrangements

Viewings are available strictly by prior appointment through the sole agents.

Please contact the marketing agent to arrange an inspection.