Property Type | Restaurant |
Tenure | Lease Assignment |
Size | 1,400 sq ft |
Rent | Rent on Application |
Premium | £75,000 |
Energy Performance Rating | Upon enquiry |
The attractive corner premises are currently fitted out as an independent butchers shop and deli, benefitting from a fully fitted commercial kitchen in the basement, with
gas and full extract in situ. The ground floor is arranged as a butcher and deli and would accommodate approximately 35 covers.
The accommodation comprises the following areas:
Name | sq ft | sq m |
---|---|---|
Ground | 800 | 74.32 |
Basement | 600 | 55.74 |
Total | 1,400 | 130.06 |
The property is located in an excellent corner position on Old York Road in the trendy and sought after neighbourhood of Wandsworth. The area is very well provided for by a host of independent cafés, restaurants and pubs. Wandsworth Town station is just a 2 minute walk away, connecting commuters to Waterloo in 25 minutes.
An assignment of the existing lease that has approximately 10 years remaining, with no rent reviews. The lease is understood to be drawn inside the security of tenure provisions of the Landlord and Tenant Act.
The rent is fixed at £52,000 for the duration of the lease.
A premium of £75,000 is sought for the leasehold interest.
May be applicable to the rent, premium and any other figures quoted.
The premises benefit from E Class planning use, along with a premises licence allowing the sale of alcohol until 00:00 every day of the week, excluding Sunday until 23:30, with standard restaurant conditions.
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.
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.