Prime Corner Camden Restaurant with 1am Licence, 25 Parkway, London, NW1 7PG

  • Restaurant
  • 3,323 sq ft
  • Lease Assignment
Prime Corner Camden Restaurant with 1am Licence, 25 Parkway, London, Restaurant Lease Assignment - Frontage 3.jpg
Under Offer
Property Type Restaurant
Tenure Lease Assignment
Size 3,323 sq ft
Energy Performance Rating Upon enquiry

Prime Camden Fully Fitted Corner Restaurant

Key Features

  • Fantastic Imposing Corner Position
  • Fully Fitted to Good Standard
  • 150 Covers with Outside Seating
  • 1 am Licence
  • High Footfall 24/7

Description

The premises are in good condition having traded until recently as a high end restaurant accommodating approximately 100 covers on the ground floor with a small dispense kitchen and dispense bar, with a further 50 covers in the basement which also houses a kitchen with full extraction, customer toilets, small office, and ample storage facilities.

Available area

The accommodation comprises the following areas:

Name sq ft sq m
Ground 1,713 159.14
Basement 1,501 139.45
Outdoor 109 10.13
Total 3,323 308.72

Location

The restaurant is situated in a prime corner position on Parkway with the junction of Arlington Road, with high footfall every day of the week, day and night. The premises is located close to operators such as Five Guys, Gails, and the iconic Jazz café. The nearest underground station is Camden Town (Northern Line), which is a mere 2 minute walk.

Tenure

An assignment of the existing full repairing and insuring lease expiring in July 2032, subject to 5 yearly rent reviews. It is understood that the lease is granted inside the security of tenure provisions of the Landlord and Tenant Act 1954.

Rent

The current passing rent is £132,00 per annum exclusive.

Premium

On Application.

VAT

All prices quoted may be subject to VAT if applicable.

Planning/Licencing

The premises benefit from E Class planning use with a premises licence in place to serve alcohol with table meals with the following times subject to the usual restaurant conditions:
Monday to Thursday: 10:00 to 00:00. Friday & Saturday: 10.00 to 01.00. Sunday: 10:00 to 23:30

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.