Restaurant for sale

Clandon Terrace, Kingston Road, London SW20


From
£850,000
S.O.A.

Description

The premises form part of the ground floor of what is to be a new high spec residential development. The ground floor has been let from January 2020 to a franchise t/as F45 Gyms. The premises have D2 use.

Area: Ground floor unit 2200 sq ft (205 sq m)

Lease: A new full repairing and insuring lease for a term of 10 years at a commencing rent of £62,000 pa. The lease is within the Landlord & Tenant Act 1954. An upward only rent review at the 5th year of the term. A 6 months rent free period from completion. Lease commencement date January 2020.

Tenancy: Let to Streamlined Communications Pte Limited (t/as F45 Gym). There is a 6 month rent deposit held for the term of the lease.

Tenant Information: F45 Gyms are a franchise operation trading from approximately 1300 units in 33 countries around the world including 570 in Australia and around 400 in the us.

Tenure: To be offered on a new 999 year lease at a peppercorn ground rent.

£850,000 (eight hundred and fifty thousand pounds) sought for the investment, subject to the tenancy detailed above.

Location: Situated on Kingston Road opposite Wimbledon Chase network rail station, which offers fast access to Central London and on to St Albans. The premises form part of a small parade which includes Co-op supermarkets and are directly opposite Tesco Local and Costa Coffee. The premises are also directly opposite the pelican crossing so there is a high footfall from the station at peak times .

Categories

Restaurants
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Property reference
CP96C806_179