Fully Fitted Restaurant, St Johns Wood, London, NW8

  • Restaurant
  • 600 sq ft
  • Lease Assignment
Fully Fitted Restaurant, St Johns Wood, London, Restaurant Lease Assignment - Capture1.PNG
Property Type Restaurant
Tenure Lease Assignment
Size 600 sq ft
Rent £27,500 per annum
Premium £80,000
Business Rates Upon Enquiry
Energy Performance Rating Upon enquiry

Fully Fitted Restaurant

Key Features

  • Affluent Location
  • Outside Seating
  • Alcohol Licence
  • £80,000 Premium
  • Lease Assignment
  • Inside The L&T Act

Location

The premises are located in a very good position on Belgrave Gardens in the affluent area of St John’s Wood. Nearby operators include Pizza Express, Almas, The Clifton Public House, and Majestic Wines.

Available area

The accommodation comprises of the following

NameSq ftSq m
Ground 775 72
Total77572

Description

The premises are laid out entirely over the ground floor as a restaurant, accommodating approx. 35 covers. It has a fully fitted kitchen with extract facilities and ample storage space. There is also a small terrace at the front of the restaurant for alfresco dining.

Tenure

An assignment of the existing 25 year lease from 2016 with 5 yearly rent reviews, granted inside the
security of tenure provisions of the Landlord & Tenant act 1954, Part 2 as amended.

Passing Rent

£27,500 per annum exclusive.

Premium

Offers in the region of £80,000.

VAT

All prices quoted may be subject to VAT if applicable.

Planning / Licencing

The premises benefit from Class E planning and a premises license in place permitting the sale of alcohol with the
following times:
Monday to Thursday: 12:00 to 23:00
Friday to Saturday: 10:00 to 23:30
Sunday: 10:00 to 22:30

Confidentiality

This sale is highly confidential and under no circumstances should a direct approach be made to staff as they are unaware of an impending sale.

Holding Deposit

A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the CDG Leisure client account.