2 SHOPS, GRILL HOUSE, BAKERY AND DELICATESSEN, CENTRAL LONDON, EC1 Reference No: E7704J
Price:
£ 2,500,000
Description
LOCATION: Both units are on the main road which is part of the A201 route connecting Kings Cross to Elephant & Castle and close to the former Guardian newspaper headquarters with good traffic flow, excellent restaurants, very good bus connections and only a short stroll from Angel and Upper Street. A new Hilton Hotel is proposed close by with a new Premier Inn also under construction.
DESCRIPTION: Fantastic one stop shops in the middle of London offering the best top quality, authentic, delicious Greek supplies and fresh baked foods not available for miles around. Nice décor offering good layout to find things easily.
Unit 1: A single fronted unit with a takeaway are with a serve over counter within 700 sq ft on the ground floor. To the rear of the restaurant is the seating area with 40 covers plus 8 covers outside to the front.
The basement is 400 sq ft comprising a large kitchen with a preparation area + wash up area, 2 customer wc’s and 2 small storage cupboards.
Unit 2: A double fronted 1,400 sq ft unit with a separate delivery entrance at the front and a further entrance to the main shop with a cctv system, air conditioned and comprising a deli serve over counter. This main retail area also has a cake area, a fridge + freezer area, a sweet area and a grocery section. The counter area has the cappuccino machine and a preparation area for sandwiches, etc and a disabled wc.
The staircase leads to the 1,000 sq ft basement which comprises a large stockroom, a preparation area, a walk in cold room and also a walk in freezer, a small officea small dry stock room and a Staff wc.
There is also a fully fitted and equipped stainless steel kitchen with a wash up area, a dumb waiter, another large lift for stock. .
BUSINESS: Both units: Established businesses taking £21,000 pw. Unit 1: at 65%/70% g.p. and Unit 2 : at 70/75% g.p. Both run by the family with staff.
HOURS: Unit 1: Six days. Tuesday to Saturday 11:00 am to 11 pm, Closed on Mondays.
Unit 2: Seven days. 7 am to 8 pm.
TENURE: Unit 1: New 10 year lease at £60,000 pa.
Unit 2: 17 Year on existing lease @ £78,000 pa.
RATES: Unit 1: £2,330 pa.
Unit 2: £5,550 pa
VIEWINGS: Strictly by appointment only. Owners or staff must not be approached without prior arrangement through the agents at any time.
NEGOTIATIONS: Strictly through PEGASUS BUSINESS SALES