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Show Details

Stoke Newington High Street, London, N16

For Sale - Price On Application

Property Details

We are pleased to offer for sale the lease of these A3 premises in central Stoke Newington. The lease is FRI and is within the landlord and tenant act and has 7 years remaining with an option to extend for a further 12 years. The premises are currently trading as an Italian Restaurant which is fully licenced for food and alcohol (11am to 11pm) and includes a pavement licence.

The premises have a total approx. internal area of 1377 sq ft across the ground floor and basement floor (split equally) and consists of a dining area and Bar area with added external pavement tables (on the ground floor) and a Private V.I.P Dining area, storage room, staff room, fully equipped Industrial Kitchen and both Male & Female WC facilities (in the basement area).

The premises have recently undergone a full refurbishment to include: real wood flooring throughout, a fully equipped Bar with 3 fridges, Ice machine, glass machine and freezer, CCTV System, newly installed Fire Alarm system, Till System, x15 tables & x40 chairs which are all hand made in Tuscany with Bar Stools and Pavement tables, fully equipped industrial kitchen with emergency gas stop system, clean air & extraction system , 1 Oven, 6 Ring cooker, 3 fridges, 1 large Freezer, fryer, grill and dishwasher, X2 Air conditioning systems both upstairs and downstairs.

All fixtures, fittings and furniture are included in the sale.

The premises are located on the busy Stoke Newington High Street in the heart of trendy Stoke Newington and benefits from a very high level of passing trade.

We have been informed that the shop rent is £17,000 p.a and business rates is £8,500 p.a. A premium is sought.

This is an ideal oppurtunity to purchase a ready made A3 establishment in a buzzing area with very favourable lease terms. Please call us for more information or to arrange a viewing.

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Floor Plan 1


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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Total SDLT due

Below is a breakdown of how the total amount of SDLT was calculated.

Up to £125k(Percentage rate 0 %)

Above £125k and up to £250k (Percentage rate 2 %)

Above £250k and up to £925k (Percentage rate 5 %)

Above £925k and up to £1.5m (Percentage rate 10 %)

Above £1.5m (Percentage rate 12 %)

*This is for illustrative purposes only

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