Property description
An excellent opportunity to acquire this established A3 takeaway situated on busy Holloway Road. The premise is currently being occupied as a pizza takeaway located within close proximity of Archway Tube Station, Upper Holloway and Arsenal. This property benefits from a fully furnished kitchen and consists of equipments such as deep freezer, fridge, pizza maker and pizza oven.
This business has been built from scratch by the owners and holds a very good reputation, the business is currently turning over £3,000 a week and has potential of increasing.
Tenure: Leasehold - 7 years remaining (new 20 years lease can be issued)
Rent: £12,000 per annum.
Rates: to be confirmed (Islington council).
We are advised by the client that there is 7 years lease remaining and a new 20 years lease can be issued. Premium: our client seeks a premium of £90,000 for benefit of good will and fixtures and fittings.