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Southwark Street, London, SE1

  • Restaurant
  • 1,700 sq ft
  • Lease Assignment
Southwark Street, London, Restaurant Lease Assignment - Gemini_Generated_Image_pagz1ppagz1ppagz.jpeg
Property Type Restaurant
Tenure Lease Assignment
Size 1,700 sq ft
Rent Rent on application
Premium £150,000
Business Rates Upon Enquiry
Energy Performance Rating Upon enquiry

Next to Borough Market Fully Fitted Restaurant/Takeaway

Key Features

  • Next to Borough Market
  • Fully Fitted and Trading
  • Heavy Passing Trade Every Day
  • Good Lease Term
  • Fair Passing Rent

Description

Fully fitted and trading fast food style restaurant laid out over ground floor and basement with a large basement with seating for approximately 40. The ground floor is more takeaway style with approximately 12 covers.

Available area

The accommodation comprises the following areas:

Name sq ft sq m
Ground 430 39.95
Basement 1,270 117.99
Total 1,700 157.94

Location

Prime location on Southwark Street close to Borough Market seeing heavy footfall every day of the week.

Tenure

An assignment of the existing lease granted for a term of 15 years from Aug 2026.

Passing Rent

£70,000pax

Premium

Offers in the region of £150,000 for the benefit of the leasehold interest, license, fixtures and fittings

Premises License

There is a premises license in place allowing the sale of alcohol with standard restaurant conditions. Full licence available upon requet.

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.

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.