Restaurant Opportunity in Belsize Park, London, NW3

  • 950 sq ft
  • Lease Assignment
Restaurant Opportunity in Belsize Park, London Lease Assignment - Confidential Photo.jpg
Property Type
Tenure Lease Assignment
Size 950 sq ft
Premium £60,000
Energy Performance Rating Upon enquiry

Fully Fitted Restaurant in Belsize Park

Key Features

  • Low Rent
  • 12am Licence
  • 45 Covers Internally
  • Affluent Neighbourhood
  • Premises Licence in Place
  • Fully Fitted Operating Restaurant

Description

The premises are arranged over ground floor and basement, fitted out as a neighbourhood restaurant. There are approximately 36 covers on the ground floor as well as a private dining room for 10 covers and a bar area. The basement houses the kitchen with full extract in situ, customer toilets and storage.

Available area

The accommodation comprises the following areas:

Name sq ft sq m
Ground 450 41.81
Basement 500 46.45
Total 950 88.26

Location

The premises are prominently located in the charming and affluent neighbourhood of Belsize Park. The area boasts an abundance of high quality independent operators such as Retsina, Tetto’s and Roni’s Bakery to name a few. Belsize Park and Finchley Road tube stations are just a few minutes’ walk away with access to the Northern, Jubilee and Metropolitan Line.

Tenure

An assignment of the existing FRI lease, granted for a term of 20 years since October 2020. The lease is understood to be drawn inside the security of tenure provisions of the Landlord and Tenant Act.

Pasing Rent

£40,000 per annum exclusive subject to 5 yearly rent reviews.

Premium

Offers in the region of £60,000.

VAT

VAT may be applicable to the rent, premium and other outgoings.

Planning/Licence

The premises benefit from a Class E planning use, along with a premises licence which allows for sale of alcohol until midnight every day of the week except Sunday (23:30), with standard restaurant conditions

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.

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.