COMMERCIA PROPERTY - LEASE FOR SALE. LOCATION:The premises are on Buckingham Palace Road which runs between Buckingham Palace and Victoria Station, being in an extremely central, prestigious and high traffic London location. LEASE: The premises are held
on a 15 year FRI lease inside the 'securit...
Key features:
- - Restaurant in great location between Buckingham Palace and Victoria
- - Lease Inside the Act
- - Income generated by next door premises
Full description:
COMMERCIA PROPERTY - LEASE FOR SALE.
LOCATION:The premises are on Buckingham Palace Road which runs between Buckingham Palace and Victoria Station, being in an extremely central, prestigious and high traffic London location.
LEASE: The premises are held on a 15 year FRI lease inside the 'security of tenure' of hte Landlord and Tenant Act that expires in 2020 but is renewable. Rent reviews are established every 5 years.
DESCRIPTION: The premises are arranged over ground and basement and extend to approx 2,846 sq ft of which approx 700sq ft are sublet to a shop, generating a rent of approx £30,000 per annum. Therefore the vendor pays approx £35,000 per annum.
PREMIUM: This is a well established restaurant running for over 50 years, and the vendor would be looking at a premium of £300,000 for the benefit of the lease, fixtures and fittings.
VIEWINGS:Staff is unaware and all viewings should be through the instructed agents.
Letting Details
Let type - Not Specified