Stoke Newington to get a slice of the oldest pizzeria in Italy

05 October 2016

International real estate advisor Savills, on behalf of a private vendor, has sold the free of tie leasehold of One Two Five Church Street on Stoke Newington’s Church Street in north London to a private operator.  The lease was sold from a guide price of £115,000.

The former craft beer bar and cafe will operate as a pizzeria under a franchise agreement with L’Antica Pizzeria da Michele, the oldest pizzeria in Italy which was formed in Naples in 1870.   The unit will be the business’s first venture in the UK.

The premises is arranged over basement, ground and first floor extending to approximately 2,022 sq ft (187 sq m) and let on the remainder of a 16-year lease at a rent of £44,000 per annum exclusive.

Chris Bickle, director in the licensed leisure team at Savills, comments:  “Stoke Newington is a well established location for independent food and beverage operators and the marketing process attracted a great deal of interest.  We continue to see plenty of activity in the leisure sector, particularly outside of London’s Zone 1, where opportunities tend to be more accessible.” 

Serena Sarnatoro of L’Antica Pizzeria da Michele-London adds: “There are a lot of pizzerias in London but what sets us apart is our collaboration with the oldest and best-loved pizzeria in the world.  Stoke Newington is renowned for its foody culture and discerning diners won't be disappointed.”
The vendor was unrepresented.

 
 

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Chris Bickle

Chris Bickle

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Ashley McKeown

Ashley McKeown

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