Fully Fitted Wine Bar & Restaurant

Key Features

• Fully Fitted to a Good Standard
• Premises Licence in Place
• New Lease Available
• Good Transport Links

Description

The premises are currently trading as a Bar & Restaurant with seating for approximately 45 covers. The trading space is on the ground floor only with an outside alfresco dining area. There is pleanty of storage space and customer toilet facilities.

Available area

The accommodation comprises the following areas:

Location

The unit is located off Wandsworth Road in a busy location close to other independent shops, restaurants and retail units. Transport links are excellent.

Tenure

An existing FRI lease which expires in May 2035, subject to 5 yearly rent reviews. It is understood that the lease is granted outside the L&T act 1954.

Passing Rent

£20,000 per annum exclusive.
A new FRI can be available at a rent of £35,000 without paying a premium.

Premium

Offers in the region of £50,000 for the lease, licence and fixtures & fittings (Subject to inventory).

Rent

VAT may be applicable to the rent, premium and all other figures quoted.

Planning/Licence

The premises benefit from E Class planning use and a premises licence allowing the sale of alcohol with food with the standard restaurant hours and conditions.

Confidentiality

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 which will allow a period of exclusivity and will be held in the CDG Leisure client account.