Hotel and foodhall lease for sale in London with 12 bedrooms and 9 units available
Undisclosed, London
- Status
FOR SALE
- Advert ID
657110
- Reference
STAON63 / Rightbiz
- Call Agent:
- Leasehold: £500,000
- Rent: £80,000 (£6,667 per month)
- Turnover: £256,800 (£4,938 per week)
- Profit: Not Applicable
Business Details
Hotel & Foodhall Lease for Sale in London
ONYXO Real Estate is pleased to present a opportunity to acquire the leasehold interest of a substantial mixed-use hospitality property in London, comprising a 12-bedroom accommodation element together with a 9-unit foodhall.
PROPERTY OVERVIEW
12-Bedroom Accommodation - 9 Double & 3 Triple Bedrooms
9 Foodhall Units - All Bills Included
Unit 1 – Korean
£2,000 pcm | 2-year contract
Unit 2 – Thai
£2,200 pcm | 1 year remaining
Unit 3 – Pizza
Currently Vacant | Potential £2,200 pcm
Unit 4 – Taco
£2,000 pcm | 2-year contract
Unit 5 – Chinese
Currently Vacant | Potential £2,000 pcm
Unit 6 – Burger
£2,000 pcm | 1 year remaining
Unit 7 – Dessert Parlour
£1,200 pcm | 1 year remaining
Unit 8 – Bar & Coffee
Currently Vacant | Potential £1,500 pcm
Unit 9 – Takeaway
Currently Vacant | Potential £2,000 pcm
INCOME PROFILE
Current foodhall income: approximately £9,400 pcm
Accommodation income: approximately £12,000 pcm
Current combines gross income : approx. £21,400 pcm / £256,800 pa.
Potential foodhall income at full occupancy: approximately £17,100 pcm
Accommodation income: approximately £12,000 pcm
Potential combined gross income: approximately £29,100 pcm / £349,200 pa.
The opportunity therefore offers a combination of established rental income and further upside from the currently vacant / available units.
LEASE INFORMATION
Lease : 17-years left (Non-Renewable)
Rent : £80,000 p.a.
Business Rates Payable : approx. £40,000 p.a.
Rent Review : 2028, 2033, 2038, 2043 as per open market.
Break Clause : October 2033
Permitted use : Class E
EXPENSES
- Staff Wages : £36,000 p.a. (Hotel)
- Utilities : £36,000 p.a. (Hotel & Foodhall)
- Insurance : £1,500 p.a. (Hotel & Foodhall)
- Repairs & Maintenance : £2,500 p.a. (Hotel & Foodhall)
CONFIDENTIAL SALE PROCESS
Due to the nature of the business and the existing occupiers, full information, financial information, lease documentation and supporting due-diligence material will only be released to suitably qualified and genuinely interested parties.
An NDA (Non-Disclosure Agreement) will be required before sharing the location of the premises.
Interested parties will be required to provide:
Full name / company name
Contact details
Confirmation of purchasing capacity
Brief details of their intended acquisition
Proof of funds / funding position where appropriate
Following satisfactory initial qualification and completion of the NDA, further information can be provided.
IMPORTANT NOTICE
ONYXO Real Estate is acting as agent for the vendor.
All financial figures and income information have been provided for guidance purposes and should be independently verified by prospective purchasers. The lease, planning/use, income, operating costs and other information should be subject to the purchaser's own legal, financial and property due diligence.
Viewings and access to further information are strictly by appointment and subject to qualification.
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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.
Be safe, use a Rightbiz Solicitor
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