Restaurant with accommodation for sale in the City of London
City of London, London
- Status
FOR SALE
- Advert ID
656059
- Leasehold: Price on Application
- Turnover: Not Applicable
- Profit: Not Applicable
Key Features
- Online booking presence
- Opportunity for mixed-use development
- Potential for daytime opening
- Potential for music and events
Business Details
Restaurant with Accommodation Facilities
We are pleased to present a remarkable opportunity to acquire a fully operational commercial property located on Essex Road in Islington. This impressive asset comprises a well-established restaurant and bar on the ground floor, alongside six basement rooms serving as short-stay accommodation. With a successful trading history, this dual-income asset is ready for immediate operation, boasting a long lease and a comprehensive turnkey fit-out.
The property enjoys a strong online booking presence, ensuring visibility and ease of access for potential customers. Furthermore, there is ample opportunity for mixed-use development, allowing for expansion into creative ventures. With the potential for daytime openings, the venue can attract a wider clientele, while opportunities for hosting music events and private functions can significantly enhance its appeal and profitability.
Strategic Location and Profitability
Situated in a prime location with excellent transport links, this property is ideally positioned to attract both local residents and visitors. Its well-maintained facilities and refurbished letting rooms contribute to a comfortable experience for guests, fostering repeat loyalty and a solid customer base. The profitable business model ensures a reliable income stream, making it an attractive investment for any savvy entrepreneur.
This commercial property is not only a thriving restaurant and bar but also presents a unique chance for growth and diversification in an ever-evolving market. With all essential elements already in place, it is primed for success, making it an exceptional investment opportunity for those looking to make their mark in the hospitality sector.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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