Shoreditch, London, ID 166486
Restaurant lease available in the heart of Old Street, Shoreditch, offering a rare chance to step into a fully fitted and trading venue. The business benefits from a strong office lunch trade and a lively evening and late-night crowd. The premises hold a Late Night Refreshment Licence, trading until 12:30am Sunday to Wednesday and 1:30am Thursday to Saturday. Turnover for the last 12 months is approximately £280,000. Currently 16 covers, with potential to expand seating. The commercial kitchen is fully equipped with professional extraction, making this a turnkey operation ready for immediate trading. The lease is for 10 years, with 9 years remaining. Lease assignment is available subject to landlord consent. Rent is £4,300 per calendar month including VAT, negotiable. The premium is £45,000 OIEO, priced for a quick and smooth assignment. The owner is selling due to relocation closer to home. Financials are available to serious buyers following viewing.
