Fully Fitted Restaurant in Prime Location on Kensington High Street - Assignment of Lease Although New Lease May Be Available

Key Features

• Fully Fitted and Well Maintained
• Fully Retractable Frontage
• Limited Outside Seating
• New Lease May be Available
• Premises License in Place

Description

The premises are fully fit to a good standard and are well maintained, trading over ground floor and basement with a limited space for outside seating across the front over the designated pavement lights demised to the premises.

There is a fully fitted kitchen, cold room, customer, toilets and storage in the basement.

Available area

The accommodation comprises the following areas:

Location

Located on the very busy south side of Kensington High Street, High Street Kensington tube is a short walk away with local operators including many multiple type operators all driving heavy footfall traffic to the property. As well as playing host to a wide range of restaurants and retailers there is an affluent residential population within the vicinity.

Tenure

The original full repairing and insuring lease is granted from 29th of September 1999 for a term of 20 years with rent reviews every 5 years. The lease is granted inside the Security of Tenure Provisions of The Landlord and Tenant Act 1954 and a New Lease may be available.

Passing Rent

£140,000pax

Vat

All prices quoted may be subject to VAT if applicable.

Premium

Upon Application

Premises License

We understand the premises benefit from A3 use with a premises licence allowing the sale of alcohol until midnight every day of the week except Sundays until 23.30 all with standard restaurant conditions applied.

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

Highly confidential and under no circumstances should a direct approach be made to staff as they are unaware of an impending sale.