Turnkey restaurant in Elephant Park City of London with full kitchen extract and sun terrace

Description

Please note the premises currently trade as part of an established London restaurant group with additional sites in Bethnal Green, Haggerston and Brixton.The preference is to sell the business as a whole, to include the trading brand and the four London sites at Elephant Park, Bethnal Green, Haggerston and Brixton. However, our client is open to considering offers for different iterations of the business and/or individual sites.The Elephant Park premises may therefore be available either as part of a wider business acquisition or individually by way of lease assignment. If acquired on an individual leasehold basis, the trading brand would be excluded and any incoming operator would be required to rebrand and trade under their own concept, subject to landlord consent.SUMMARYNewly developed flagship turnkey restaurantApprox. £500,000 fit-out from shell condition only 12 months ago75 internal covers plus 30-cover terraceFull kitchen extract, gas, 3-phase electrics and premises licenceAvailable as part of a wider business acquisition or individually by way of lease assignmentStaff unaware — strictly confidentialLOCATIONOccupying a highly prominent position within the landmark Elephant Park development, the premises benefit from extensive frontage and strong visibility and footfall from the rapidly expanding surrounding residential, office and student population.The wider Elephant & Castle area is undergoing approximately £4 billion of regeneration and infrastructure investment, incorporating thousands of new homes, extensive retail and leisure development, major transport improvements and a new university campus, all of which are expected to significantly increase footfall and strengthen the area’s long-term trading potential. The new Elephant & Castle Town Centre redevelopment is set to deliver approximately 200,000 sq ft of commercial space together with new retail, restaurant and public realm accommodation, with phase one expected to complete in early 2026.In addition, the new London College of Communication / UAL campus, accommodating approximately 5,000 students, is anticipated to open in 2027, further enhancing activity and footfall within the area. Significant residential development also continues nearby, with approximately 500 additional apartments expected to complete from late 2026 onwards.Elephant & Castle benefits from exceptional connectivity via the Northern and Bakerloo Underground lines together with Thameslink and Southeastern National Rail services. Oxford Circus can be reached in approximately 10 minutes, whilst Bank and the City are accessible in around 5 minutes via the Northern line. The area also benefits from extensive bus connectivity across Central London.Nearby operators include Joe & The Juice, Gail’s, Kokoro, Theo’s, Cheemc and Kachori, reflecting the area’s rapidly evolving hospitality and leisure offering.DESCRIPTIONA newly developed flagship restaurant extending to approximately 2,100 sq ft and fitted to an exceptionally high standard throughout following a substantial fit-out investment from shell condition at a cost of £500,000. The premises provide approximately 75 internal covers together with a substantial external terrace accommodating approximately 30 additional covers.ACCOMMODATIONGround floor – approx. 2,100 sq ftExternal terrace – 455 sq ftCAPACITYInternal covers: approx. 75External terrace: approx. 30PREMISES LICENCEThe licence permits the sale of alcohol on and off the premises from 10am–10:30pm throughout the week.BUSINESSWe are informed that the business currently generates annual turnover approaching £700,000 per annum. Having only opened within the last 12 months, the business remains in its infancy and is still at an early stage of operational maturity.The business trades seven days per week across brunch, lunch, dinner and delivery.April 2026 sales: £53,557 with EBITDA of £8,893 for the month.LEASEAvailable by way of an assignment of the existing 15-year lease from 2025, at a passing rent of £80,000. The lease is subject to a tenant-only break option on the 11th anniversary. The lease is held outside of the Landlord & Tenant Act 1954.SERVICE CHARGE£14,000 per annumPREMIUMOffers in excess of £100,000 to include all fixtures and fittings, lease, licence and goodwill.