New Lease Cafe/Restaurant Premises with Full Extract

Key Features

• Busy Location
• Full Extract in Situ
• Partially Fitted Cafe/Restaurant
• Full Glass Frontage

Description

The cafe is arranged over the ground floor and basement. The ground floor benefits from a large, open trading area providing 35 covers with kitchen to the rear and extract running through to roof level. The basement provides storage space, storage and customer toilets. An additional 8 covers can be placed in front of the restaurant. Please note, the majority of existing equipment and furniture are under a lease agreement and will be removed.

Available area

The accommodation comprises the following areas:

Location

The premises are situated on Great Portland Street which benefits from an abundance of residential, business and leisure footfall. The premises are only a 4 minute walk from Great Portland Street Tube Station & an 8 minute walk to Oxford Circus. Operators nearby include Gails, Boots, Pret a Manger, Sainsburys Local, Nandos, Pizza Express, Sixes & The Riding House Cafe.

Tenure

The premises are available by way of a new Full Repairing and Insuring lease to be granted for a term 10 years, subject to 5 yearly rent reviews. The lease will be granted outside the security of tenure provisions of The Landlord and Tenant Act 1954.

Rent

Offers in the region of £55,000 per annum exclusive.

VAT

May be applicable to the rent and any other figures quoted.

Planning/Licence

The premises benefit from Class E planning and a premises licence allowing the sale of alcohol. The premises are allowed to be open for trade until 7pm daily.

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.