Business For Sale - Borough High Street, London SE1, UK

£100,000 per annum

Property information

Type:

Rent

Address:

London, SE1

Categories:

Businesses For Sale, Commercial Property, Food Businesses, Leisure Property, Restaurants

Listed on:

19-02-2015

Commercial

Bankside

3,394 ft²


Description

Location:

The property is located on the Northern section of Borough High Street and is within close proximity to both Borough Underground Station (3 minute walk) & London Bridge Underground Station (5 minute walk). The premises is within a short walk from Borough Market. Nearby retail and leisure operators consist of Sainsbury's, Costa, Subway and Slug & Lettuce to name but a few

Description:

The ground floor is fully fitted as a modern style Restaurant/Bar, benefitting from high ceilings and a large bar area. The area is laid out to accommodate up to 270 people standing. The premises have been fit to an extremely high standard. The basement is fully fitted with kitchens, male & female WC's and ample storage.

Floor Areas:

Ground Floor: 202.71m2 / 2,182 Sq Ft

Basement: 112.6 m² / 1,212. Sq Ft

Total: 315.31 m² / 3,394 Sq Ft

External Storage area : 12.45m²/ 134 sq ft

Tenure:

We are offering an assignment of the existing Full Repairing and Insuring lease with 15 years remaining, subject to 5 yearly rent reviews. The lease is granted inside the security of tenure provisions of the Landlord and Tenant Act 1954.

Passing Rent:

£100,000 per annum exclusive.

Premium:

Offers in the region of £500,000

License/Planning:

The premises benefits from A3 planning use, and it is understood that an alcohol license is in place allowing the sale of alcohol with a meal until 1am Mon-Thurs, 1.30am Friday, 2.30am Saturday, Sunday 11pm.

Confidentiality:

This sale is highly confidential and under no circumstances should a direct approach be made to staff as they unaware of an impending sale.

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 CDG Leisure client account.

VAT:

All rent and prices quoted may be subject to Value Added Tax.

Viewings:

Through the vendors agent:

CDG Leisure (Attention of Emma Cousins )

e: emma@cdgleisure.com

a: 17 Cavendish Square, London W1G 0PH

t: 020 7100 5520

f: 020 7100 5530

www.cdgleisure.com




Disclaimer

Property reference: cpx0828qrb

The information exhibited about this property relates to a property listing advertisement. Commercial People Ltd makes no assurances as to the accurateness or completeness of the said advertisement or any connected or associated information. Commercial People Ltd has no control over the content of the advertisement. This property advertisement does not constitute property particulars. All information is provided and maintained by CDG Leisure. In the event of any discrepancies, we ask that you please contact the selling agent or developer directly.

This property is marketed by:

CDG Leisure
17 Cavendish Square, Marylebone, London W1G, UK

View more properties from this agent

Reference: cpx0828qrb

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