Pub & Restaurant Lounge with uppers for sale in North London Ref:24341

Additionally, The restaurant comes with seven studio flats above and is currently occupied by family members but can be easily converted into an Airbnb or B&B accommodation and can achieve a total rental income of £84,000 Per Annum. The restaurant has a large bar and indoor seating of 150 covers and up to 100 outdoors, a place that can be good for parties or get-togethers.

Business can be significantly increased by arranging events or hosting parties, Engagement ceremonies, and receptions & future owners may include new food items on the menu that will complement the existing business model.

The property has immense potential for growth and profitability with a large garden, indoor seating, and seven studio flats.

Seat covers: 250 (room for 499 covers)

License for sitting at a time: 500 people

Turnover: To be disclosed at the viewing.

Rent: £46,000 P.A.

Rates: £2000 P.A.

Lease: 7 years lease remaining (renewable lease under the Grandfather clause -25 years)

Current Opening Times: Tuesday to Thursday 12:00 AM to 11:00 PM (Monday closed)

Additional Potential: Oncoming buyers can increase the trading hours which will help to boost sales even further.

License Timings: 10:00 AM to 12.30 AM (Sunday to Thursday) & 10:00 AM to 1.30 AM (Friday and Saturday)

Leasehold Price: £350,000 plus SAV & also FREEHOLD AVAILABLE

For further information, please contact the BTC Commercial and Investment team at 0208 889 7474 or commercial@btcint.com.

Tenure: Leasehold