West Hampstead Restaurant on a Busy Neighbourhood Pitch

Key Features

• Affluent NW London Location
• Close to the Station
• Fully Fitted Restaurant
• Full Extraction
• Outside Seating for 8 Covers
• Lease Expiry March 2038

Description

The ground floor and basement restaurant is fully fitted and arranged to accommodate 32 covers over the ground floor. The kitchen is located in the basement along with storage and customer toilets. There is outside seating to the front of the restaurant for an additional 8 covers.

Available area

The accommodation comprises the following areas:

Location

The premises are situated in an excellent position on West End Lane with strong footfall every day of the week. Nearby operators include a host of independent businesses including The Railway, Daakoo, Gallery Bar, Sarracino, Pham House, Heads & Tails and Bohemia House to name a few. West Hampstead underground and overground stations are just moments away.

Tenure

Assignment of the existing Full Repairing & Insuring 15 year lease, expiring in March 2038. The lease is granted outside the security of tenure provisions of the Landlord & Tenant act 1954, Part 2 as amended and that rent reviews are 5 yearly.

Passing Rent

£43,000 per annum exclusive with the next rent review in March 2028.

Premium

Offers in the region of £120,000.

VAT

May be applicable to the premium and rent.

Planning/Licence

The premises benefit from Class E planning use with a premises licence in place allowing the sale of alcohol until 11pm every day of the week.

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.