Battersea Restaurant, Northcote Road, London, SW11

  • Restaurant
  • 1,302 sq ft
  • Lease Assignment
Battersea Restaurant, Northcote Road, London, Restaurant Lease Assignment - confidential picture.jpeg
Under Offer
Property Type Restaurant
Tenure Lease Assignment
Size 1,302 sq ft
Rent £54,000 per annum
Business Rates Upon Enquiry
Energy Performance Rating Upon enquiry

Prime Battersea Restaurant

Key Features

  • High Footfall 24/7
  • Outside Seating
  • Fully Fitted with Extraction
  • Transport Links close by

Description

The premises are currently fitted out as restaurant accommodating around 40 covers. The property is trading all on the ground floor where there is a fully fitted kitchen with extraction in situ, With customer toilets and storage located to the rear of the property. There is also alfresco dining on the front outside terrace for approx. 12 covers.

Available area

The accommodation comprises the following areas:

Name sq ft sq m
Ground 1,302 120.96
Total 1,302 120.96

Location

The property is located on Northcote Road in Battersea, close to many independent and national operators such as Joe and the Juice, All Bar One, Ole & Steen. There is heavy footfall day and night. Transport links are excellent with Clapham Junction station just a short walk away.

Terms

An assignment of the existing lease from 12th November 2020 for a term of 15 years expiring in 2035. Subject to 5 yearly rent reviews. The Lease is drawn inside the security of tenure provisions of the Landlord and Tenant Act 1954. There is a Tenant only Break Clause in 2030.

Premium

Upon Application.

Rent

£54,000 per annum exclusive rising to £60,000 in November 2024 until the next rent review in November 2025.

Planning/ Licencing

The Premises benefits from E class planning use with a premises license allowing the sale of alcohol until Midnight with standard restaurant conditions.

VAT

All prices quoted may be subject to VAT if applicable.

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.