A1 / A3 cafe for sale in Greys Inn Road, Holborn, close to Chancery Lane.
This well presented A1 / A3 Restaurant and Cafe business is located on the corner of Greys Inn Road, Holborn. The road is connected Kings Cross to Chancery Lane Station.
The shop is currently running as a deli and coffee shop and the A1 licence, but the landlord has approved already a conversion to A3 use and preliminary inquiries with the Council makes the project absolutely possible.
The unit is accommodated over ground floor and basement.
With contemporary fittings, the ground floor is has a large open seating space, ideal for parties or large gathering. The new operator will also find fully functional equipment. Specifically, the ground floor boasts large fridges, toasters, espresso coffee machine, coffee bean grinder, wall mounted menu boards, food display fridges, griddle for toasted paninis, food slicing machines, 1 upright display freezer, 1 upright soft drinks fridge, 1 cheese grinder, display bread stand, under counters storage.
The shops also present around 40 covers.
The business benefits from the outside sitting area, where you can place 8/10 covers.
The lower ground floor is occupied by 2 toilets (accessible to the public), storage, changing room, walk in fridge and kitchen. The kitchen is again fully equipped with cookers, friers, steel working tables, large storage and preparation area.
We are advised all trade fixtures and fittings at present in the property are included in the sale.
Monday – Friday: 7am – 8pm
Saturday – Sunday 9am – 4pm
The licence allows staying open 24 hours.
Business Rates: £12,000
Lease: The lease has 12.5 years remaining, within the Act.
The unit currently holds an A1 licence and the landlord approved to change it to A3.
Once associated with the legal profession and packed full of wigged judges and ferocious barristers, it’s been a key commercial area connecting the West End with the City for years.
The area is now facing a massive make over.
New buildings are currently under development, including Postmark and West Central, signed by Taylor Wimpey. The new blocks offer a luxury lifestyle and they are getting sold off plan. The new regeneration programme will bring thousands of new people in the local area, thanks to the easy connections to the West End, City of London and Canary Wharf.
The area is also populated by international students. UCL, London School of Economics, Royal College of Paediatrics & Child Health, Kings University College London, BPP Law are in the surrounding areas. Therefore, you can expect a large number of students living in Holborn and using the local restaurants and cafe.
During weekdays, you can expect plenty of office workers as well. Holborn welcomes some of the most prestigious London offices (mostly tech, investments, and law firms). The high popularity in office request led also to the developments of new office blocks, some of them already completed and occupied and other under construction. These new coming block will sit opposite our business for sale.
Holborn is also becoming a touristic destination, thanks to the presence of small and charming museums, including the art-filled Sir John Soane’s Museum, the medically fascinating Hungarian Museum at the Royal College of Surgeons, and the intimidating Museum of Freemasonry for anyone interested in this mysterious group.