Chinese Takeaway & Cafe for Sale in Farringdon. Circa 419 sq. ft (ground floor & basement)

Chinese Takeaway & Cafe for Sale in Farringdon. Circa 419 sq. ft

Property ID: RPS-23380

PROPERTY & BUSINESS SNAPSHOT

• Type: Chinese Cafe & Takeaway
• Location: Few minutes from Farringdon Station
• Lease expiry: Circa 5 years remaining (TBC)
• Rent: £31,200 p.a. exclusive
• Rent review: Every 5 years
• Floor area: Circa 419 sq. ft (ground floor & basement)
• Covers: Circa 20 on the ground floor
• Rateable value: 17,750
• Business rates payable: Circa £6,780 (discount may apply)
• Permitted use: Restaurant (Class E)
• Annual Turnover: Circa £312,000 (circa £6,500/week)
• Ancillary: Gas & extraction in place
• Premium: £95,000 (Lease and FF&E) 

LANDLORD’S REQUIREMENTS

• Guarantor required (subject to references)
• 3-6 month's rent deposit required (subject to references)
• Other usual checks will be carried out

MAIN DETAILS

• Compact, well-run Chinese restaurant & takeaway on Clerkenwell Road, established and trading successfully for 4 years.
• The ground floor provides circa 177 sq. ft of trading space with 20 covers.
• The basement extends to circa 242 sq. ft and accommodates kitchen, storage and WC.
• Currently run by the owner with a team of 4 kitchen staff and 2 front-of-house waiters, allowing a smooth handover to an incoming operator.
• We have been informed that the lease has circa 5 years remaining and is inside the Landlord & Tenant Act 1954, giving the tenant security of tenure and a statutory right to renew.

THE LOCATION

• The property sits on Clerkenwell Road in EC1M, a short walk from Farringdon station with its Elizabeth line, Thameslink and Underground connections.
• The area draws strong weekday lunch and after-work trade from surrounding offices, design studios and creative agencies, alongside local residents and visitors to nearby Smithfield and the Barbican.
• Clerkenwell is one of central London's established dining destinations, with a dense mix of restaurants, bars, cafés and independent shops.

VIEWINGS & CONFIDENTIALITY

All interested buyers must have proof of funds to meet the premium and landlord’s requirements. All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client.

Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.

DISCLAIMER

The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.