Wiseman

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To Rent Holloway Road, Holloway, London, N7 £20,000 pa

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For sale is a reputable Latin restaurant ( serving Latin / English & New European cuisine ), complete with a bar, fully fitted kitchen, 50 covers situated in the bustling Holloway Rd, London.

The leasehold for this thriving business is listed at £250,000. The establishment currently generates an impressive turnover of £100,000+ a quarter.

In terms of location, the restaurant is ideally situated. It's 5 minutes away from Holloway station and London Metropolitan University – both situated in walking distance, also another plus Emirates stadium is 7 min walk which currently brings in trade on match days.

Premium - £250,000
Business rates - £7,000
Lease - 6 yrs & 6 months remaining

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IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

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Letting Fee Information

Reservation Fee - One week's rent.

Security Deposit - Five weeks rent if rent per annum below £50,000, six weeks rent if above £50,000

Unpaid Rent - Interest at 3% above the Bank of England Base Rate. Interest will not be applied until the rent is 14 days in arrears.

Lost Keys - Tenants are liable for the cost of replacing any lost keys and/or security device including the costs of replacing any locks and/or security device if required.

Changes to the tenancy agreement (Tenant's Request) - £50 inc. VAT (or reasonable costs if higher).

Early Surrender of tenancy (Tenant's Request) - Should a tenant require an early surrender of their tenancy and should the landlord agree, the tenant will remain liable for the rent due under the tenancy until the date a new tenant takes up occupation of the property. The tenant will be required to cover the landlord's costs in connection with the surrender of the tenancy and the re-letting the property