LOCATION Teddington is located just to the West of London approximately 3 miles south of the M4 and 4 miles East of the M3 whilst the town’s BR station provides a fastest journey time of approximately 36 minutes into London Waterloo. The property is located in the town centre along with numerous independent and corporate operators including Caffe Nero, Carluccio’s, Cote, Marks & Spencer Simply Food, Nando’s, Pizza Express and Starbucks.
DESCRIPTION The restaurant is arranged over basement, ground and first with rear access for deliveries. The basement houses customer WCs and a lounge area with around 20 seats, although it can house 30 to 40 customers for functions. On the ground is the bar with around 60 spacious seated covers, kitchen, pizza oven and stores. To the rear of the ground are stairs to the first floor where there are further stores, an office and a walk in cooler / freezer. The approximate GIAs are:
|Basement||475 sq ft||44.13 sq m|
|Ground||1,775 sq ft||164.88 sq m|
|First||261 sq ft||24.26 sq m|
|Total||2,511 sq ft||139.35 sq m|
PREMISES LICENCE We have been advised that the Premises Licence allows the sale of alcohol with a terminal hour of Midnight and 11.30 pm on Sunday
BUSINESS RATES The VOA website advises that the current Rateable Value is £34,250 which at 49.1 p in the £ (the small business multiplier) gives rises to rates payable of approximately £17,000 for the financial year 2019 / 2020.
TENURE We are advised that the demise is held on an effective FRI lease with 4 yearly rent reviews from March 2012, expiring March 2032 at a current rent of £45,000 per annum exclusive with the next review is due in March 2020.
PREMIUM Our clients are seeking premium offers of £99,500, subject to contract, for the benefit of their leasehold interest, premises licence and all 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.