RESTAURANT LEASE FOR SALE EXMOUTH MARKET, LONDON, EC1 BLACKFOOT 46 EXMOUTH MARKET LONDON EC1R 4QE - Prime location on highly sought after restaurant circuit - Rent 50,000 per annum - 15 year lease expiring 2028 - Area of circa 1,500 sq ft over ground, basement and mezzanine - Fully fitted GUIDE PRICE 150,000 FOR LEASEHOLD INTEREST & TRADE CONTENTS (VAT MAY BE APPLICABLE) SUBJECT TO CONTRACT LONL256
LOCATION The Property is situated in the heart of Exmouth Market, a semi pedestrianised street in Clerkenwell (London Borough of Islington), famous for the well-known outdoor street market, which operates lunchtimes Monday-Friday. Nearby operators nearby include La Porchetta, Santore Italiano, Briki, Hummus Bros, Mecco, Moro, Caravan, Pizza Pilgrims, Dirty Burger, Café Pistou, Jubou, Coin Laundry (pub), Cinnamon Tree in addition to several more pubs and restaurateurs within close proximity. The nearest tube station is Farringdon (Circle, Hammersmith & City, Metropolitan and Thameslink) which is circa 0.5 miles south east of the property. A location plan is attached. DESCRIPTION Comprises the ground floor and basement of a fine 4 storey building over basement. Basement: Ground Floor: Mezzanine: Under basement: The basement includes a large kitchen, office, WCs, staff cloak room, storage cupboards. Trading area with space for circa 32 covers with L shaped bar servery. Trading area with circa 22 covers. Large storage space with small door for access and separate cellar hatch at front. Low ceiling height of circa 1.5m. The gross internal floor areas are calculated to be:- Basement: Ground floor: Mezzanine: Under basement: Total: 54.35 sq m / 585 sq ft 35.52 sq m / 382 sq ft 18.80 sq m / 202 sq ft 30.03 sq m / 323 sq ft 139 sq m / 1,492 sq ft The above measurements and accompanying plans are provided for guidance purposes only and no reliance should be placed on these when making any purchase offer either expressly or impliedly and for the avoidance of doubt AG&G Chartered Surveyors will be not liable for any losses arising as a result the bidder placing any reliance on such measurements. The successful bidder will be offered the opportunity to undertake a measured survey of the building prior to exchange of contracts to enable it to satisfy itself of the precise measurements. PREMISES LICENCE The restaurant benefits from a Premises Licence which permits the sale of alcohol between 11:00am and 11:00pm Sunday-Thursday and between 11:00am-Midnight on Friday and Saturday. LOCAL TAXATION The property is listed within the current (2010) Rating List as a Restaurant and Premises and has a Rateable Value of 22,000. PLANNING From informal enquiries of the London Borough of Islington it has been established that the property is not listed nor situated within a conservation area.
TENURE The Property is held leasehold for at term of a 15 years from September 2013 at a rent of 50,000 per annum. The next rent review is 29 th September 2018 and five yearly thereafter. User Restaurant within Class A3 of the Town and Country Planning Use Classes Order 1987 THE BUSINESS The unit currently trades with the benefit of an A3 planning consent. It is currently open for business, albeit in administration, and trades as a pork restaurant with a daily Porchetta bar. VIEWINGS, OFFERS AND FURTHER INFORMATION The following open viewing sessions have been arranged: Thursday 21 st January, 10:00am 11:00am Thursday 28 th January, 10:00am 11:00am The closing date for offers is set for noon on Friday 5 th February 2016 Please do not engage in conversation with any customers or staff regarding this sale. Those requiring further information should contact Anthony Alder or Katie Adkins of the sole selling agents AG&G on Email: anthony.alder@agg.uk.com / katie.adkins@agg.uk.com or Telephone: 020 7836 7826. SOURCE: GOOGLE MAPS NOT TO SCALE PROVIDED FOR INDICATIVE PURPOSES ONLY
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