LOCATION Twickenham is located just to the West of London approximately 3 miles south of the M4 and 3 miles East of the M3 whilst the town’s BR station provides a fastest journey time of approximately 23 minutes into London Waterloo. The property is located in the town centre amongst numerous independent and corporate operators including Burger King, Caffe Nero, Harris + Hoole, KFC, Marks & Spencer Simply Food, Nando’s, Pizza Express, Starbucks and Zizzi.
Twickenham Stadium provides much extra revenue on event days which not only includes top rugby union club and international games but the stadium has also hosted major music concerts such as Rolling Stones, U2, Bon Jovi, R.E.M plus the NFL.
DESCRIPTION The restaurant was established in the early 80s and has been in the same family since then. It occupies the entire ground floor extending to approximately 1,094 sq ft (102 sq m) GIA, housing approximately 50-54 covers and also benefitting from outside seating to the front of the property which is licensed from the Local Authority.
The upper floors are currently accessed from the restaurant and comprise 2 floors with 2 double rooms, stores, a shower room and a roof terrace. The client advises that it may well be possible to reinstate an historic right of way to the rear of the property and thus enabling separate access for the uppers and possibly development potential STPP.
PREMISES LICENCE The licence allows the sale of alcohol on the premises with a terminal hour of midnight Monday – Saturday and 11.30 on Sunday. Late night refreshment is also permitted for and extra 30 minutes after these times.
BUSINESS RATES The VOA website advises that the current Rateable Value is £18,500 which at 49.1 p in the £ (the small business multiplier) gives rises to rates payable of approximately £9,100 for the financial year 2019 / 20.
TENURE Unconditional offers of £850,000, subject to contract, are sought for our client’s freehold interest to include the licence and all trade fixtures and fittings in situ.
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, 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