LOCATION The restaurant occupies a prominent pitch on the Western side of Earls Court Road with numerous other popular restaurants and bars located in immediate vicinity. Nearby stations within walking distance, are Earls Court which is approximately 0.2 miles away (District & Piccadilly Lines) and West Brompton, about 0.3 miles away (District & London Overground Lines).
DESCRIPTION The demise is fully fitted and is arranged over ground floor (trading space for 50 covers, service bar, toilets plus office / stores) and basement 50 / 60 cover function room, the fitted commercial kitchen and stores). The property also has some outside seating and the approximate GIA measurements are:
|Basement||1,137 ft² / 105.67 m²|
|Ground||1,001 ft² / 93.00 m²|
|Total||2,139 ft² / 198.67 m²|
PREMISES LICENCE The Royal Borough of Kensington & Chelsea advises that the property benefits from a Premises Licence (number 05/912827/9) that allows the sale of alcohol on or off the premises with a terminal hour of 00:30 Monday to Saturday and 23:00 on Sunday.
BUSINESS RATES The VOA website advises that the current rateable Value is £71,000 which at 49.3 p in the £ gives rise to rates payable of approximately £35,000 for 2018 / 2019, excluding supplements or any relief.
TENURE We are advised that the demise is held on an effective FRI lease, that is contracted outside the Security of tenure Provisions of the Landlord and Tenant Acts, for a term of 20 years from 24thOctober 2013, with 5 yearly rent reviews and at a current rent of £55,000 per annum exclusive.
PREMIUM Our clients are seeking premium offers (price on application) for the benefit of their premises licence, leasehold interest and trade fixtures and fittings.
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 – firstname.lastname@example.org – 07594 097 078