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- LoopNet Team
18-19 St Albans Pl
London N1 0NX
Property For Lease
PROPERTY FACTS
| Property Type | Retail | Gross Leasable Area | 1,138 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1987 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 1,138 SF |
| Year Built | 1987 |
ABOUT THE PROPERTY
Well known and established Italian restaurant. We are offering the lease for sale and the restaurant could be turned over to other cuisines if required as the interior is neutral in design. Fully fitted with all fixtures, fittings and equipment including air conditioning (no equipment has been tested) and comprising 70-80 covers and 8 al fresco on the front forecourt. The business produces an excellent turnover and also has a good delivery trade via Deliveroo. Licenced to 11.30 pm daily. This is an excellent opportunity to get a foothold in the area at a reasonable cost and offers a good opportunity for further expansion. All fittings are to a high standard as well as a well fitted kitchen, large pizza oven, male and female WC’s. Held on a 25 year lease from 1997 at £40,000 pa with 5 yearly rent reviews (a new lease may be available, subject to terms to be negotiated). The current lease is within the Landlord & Tenant Act and tenants have the right to renew. £25,000 sought for the fixtures, fittings and equipment.
- Energy Performance Rating - C
