LOCATION The restaurant is located in the historic St Paul’s district of The City of London, at the junction of Carter Lane and Addle Hill and sits approximately 90 metres walk away from St Paul’s which attracted over 1.5 million visitors in 2017. The immediate vicinity is a mix of retail, office, some residential and of course tourists with Nearby occupiers include Benihana, Café Rouge, Gourmet Burger Kitchen, Starbucks and Yo! Sushi.
The closest station is City Thameslink which provides mainline services to Brighton, Gatwick, Luton Airport & Bedford whilst St Paul’s Central Line station is approximately 300 meters away and Mansion House, providing District & Circle Line services, is approximately 450 meters away,
DESCRIPTION The demise was fully fitted from shell to an excellent standard in 2017. It is arranged solely on ground floor and comprises approximately 60 covers with room for more with cosmetic reconfiguration. This return frontage restaurant which trades as a SE Asian Parisian Brassiere, has a fitted kitchen to the rear (with limited cooking extract), stores, a large bar & WCs. In all the approximate GIA is 1,142 ft² / 106 m².
PREMISES LICENCE The City of London advises that the property benefits from a Premises Licence that permits the sale of alcohol between the hours of 08:00 23:00 Monday to Sunday.
BUSINESS RATES The VOA website advises that the current rateable Value is £62,000 which at 49.8 p in the £ gives rise to rates payable of approximately £30,900 for 2018 / 2019, excluding supplements or any relief.
TENURE & PRICE Our clients advises that the property is held on an unprotected effective FRI lease for a term of 12 years from 25thJanuary 2017, expiring 24th January 2029 with 4 yearly rent reviews and at a current rent of £58,000 P.A. Our client is seeking £50,000, subject to contract for their leasehold interest. Please note the majority of the equipment is leased – details upon request.
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 Selsian client account. Further details upon application.
PLEASE NOTE All figures quoted are exclusive of VAT which could be chargeable on the rent, rent deposit and premium / price, no services or equipment have been tested, no trade is sold or warranted, an EPC is available upon request, possession will be granted only upon completion of the legal formalities and each party is to bear their own legal costs.
For further information or to view contact: Stephen Bagatti – email@example.com – 07594 097 078