Korean Cafe and Restaurant for sale in Holborn, London with five-star hygiene rating.

Description

MAIN DETAILSLimited company for sale.Strong passing trade throughout the day.Suitable for takeaway or café style operation.Benefits from extraction system and premises licence.No gas supply; however, three phase electricity is installed.Approximately 794 sq. ft, arranged over ground floor level.5 star food hygiene rating.LANDLORD REQUIREMENTS12 months rent deposit required, subject to references.Standard referencing and additional checks will apply.LEASE DETAILSLease expiry: August 2034 (Outside the Landlord and Tenant Act).Mutual break clause in 2029.Passing rent: £45,000 plus VAT (stepped rent structure).Rent review: Every 5 years.Next rent review: August 2029.Premium: £250,000, including business, lease, fixtures, and fittings.THE PREMISESApproximately 40 covers, with additional external seating space.Premises licence and extraction system in place.No gas supply, but supported by three phase electrical system.5 star food hygiene rating.Area: Approximately 794 sq. ft.Rateable value: £50,000.Payable business rates: Approximately £25,000 per annum (excluding relief).THE BUSINESSGross revenue: Approximately £400,000 per annum.The business is currently operated by 3 full time staff members (including 1 owner) and 2 part time staff members.THE LOCATIONHolborn, City of London.The premises is located within a high footfall central London area, surrounded by office buildings, hotels, and multiple higher education institutions within walking distance. The location benefits from strong daytime and evening passing trade, with adjacent units occupied by both national and independent operators.VIEWINGS AND CONFIDENTIALITYAll interested parties must provide proof of funds to satisfy both the premium and landlord requirements.Interested parties will also be required to sign a Non Disclosure Agreement due to the confidential nature of the sale.Viewings are strictly through Restaurant Property Sellers only. Use of the website constitutes acceptance of the company’s terms and conditions.DISCLAIMERThe information above is provided by the seller and is issued without responsibility on the part of the agent. All interested parties must satisfy themselves as to the accuracy of all statements provided and should not rely solely on these particulars. Neither the firm nor its employees has authority to make or give any representation or warranty in relation to the property.