Westow Hill, Crystal Palace, London, SE19

  • 2,970 sq ft
  • Lease Assignment
Westow Hill, Crystal Palace, London Lease Assignment - AdobeStock_112257403.jpeg
Property Type
Tenure Lease Assignment
Size 2,970 sq ft
Rent £45,000 per annum
Premium £200,000
Business Rates Upon Enquiry
Energy Performance Rating Upon enquiry

Crystal Palace Restaurant/ Bar

Key Features

  • Alochol Licence
  • Lease Assignment
  • Outdoor seating
  • Courtyard and Outdoor Seating
  • Beautiful Fit Out

Description

The premises are fully fitted as a restaurant and bar with a fully fitted kitchen with extraction and a fully fitted bar. The restaurant is trading all on the ground floor with great décor to excellent standard. There is customer seating in the rear courtyard and to the front of the property. Storage and office is based in the basement.

Available area

The accommodation comprises the following areas:

Floor/Unit Sq ft
Ground 1,410
Basement 1,560
Total 2,970

Location

The premises are located in Westow Hill in prominent corner premises, with great footfall throughout the day with an abundance of restaurants and bars serving in the immediate vicinity. Some nearby operators include Budgens, Everyman Cinema, Crystal Palace Park as well as The Crystal Palace, to name a few.

Tenure

An assignment of the existing lease from 19th May 2021 for 15 years expiring on 15th April 2036. Granted inside the security of tenure provision of the Landlord & Tenant act 1954, Part 2 as amended. There is a tenant only break 15th April 2031.

Rent

Rent is £45,000 per annum until 2026 and thereafter a fixed rent £50,000 per annum until year 2036.

Premium

Offers in the region of £200,000.

VAT

All prices quoted may be subject to VAT if applicable.

Planning / Licence

The premises benefit from Class E planning and we understand has previously traded with a license allowing the sale of alcohol Monday to Wednesday 11am-12:00am, Friday to Sunday till 1:00am

Confidentially

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.