Summary - Rheidol Terrace, London, N1 N1 8NS
4 bed 2 bath Cafe
Income‑producing café with upstairs rent and storage in a busy N1 location.
- Turnkey café with established loyal customer base
- Additional income from let 4‑bed accommodation upstairs
- Basement, yard and outhouse for storage and operations
- Prime N1 corner location with good footfall and outdoor seating
- Six years remaining on commercial lease — short term risk
- Many mortgage lenders likely to refuse lending on this lease
- Inner‑city cosmopolitan area; local deprivation is high
- Price indicated at £130,000
A well‑established café in N1 presented as a turnkey business with multiple income streams. The ground-floor trading area benefits from a visible corner position, street footfall and outdoor seating potential, while a basement, yard and outhouse provide practical storage and back‑of‑house space. Upstairs accommodation of four bedrooms (currently rented) produces additional rental income that strengthens the overall return.
The sale is leasehold with six years remaining on the commercial lease. That limited lease term is the material drawback: many high‑street lenders are likely to refuse mortgage finance on this interest, so buyers should be prepared to fund the purchase with cash or specialist lending. The area is inner‑city cosmopolitan and shows signs of high deprivation locally, although the café currently trades to a loyal customer base in a busy part of N1.
This is suited to an investor or an experienced operator who can maintain trading momentum and manage short‑term lease risk. Opportunities include negotiating a lease extension, increasing turnover from events or filming use, or reconfiguring the upper floors to lift rental value. The asking price is £130,000; buyers should carry out tenancy and financial checks and confirm lender acceptability before committing.
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