Fully Fitted Restaurant/Takeaway located in very busy Borough Location - Lots of Passing Trade

Key Features

• Fully Fitted and Trading
• Heavy Passing Trade Every Day
• 2 min Walk from Borough Market
• 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 and large serving counter.

Available area

The accommodation comprises the following areas:

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 25 years from 15/8/16 subject to five yearly rent reviews.

There is a tenant only right to break in the lease dated 18/08/31 to be activated on 6 months
prior written notice.

Passing Rent

£70,000pax

Premium

Offers in excess 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

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.