Guide price
£250,000
(£128.27/sq. ft)
Restaurant for saleStrand, London WC2R
1,949 sq. ft
About this property
Lease Assignment & Business for Sale
Situated in the busy Strand near Covent Garden
3-minute walk from Charing Cross
High passing trade throughout the day
Circa 1,949.34 sq. Ft spread over ground floor & basement
Fully equipped kitchen with gas, extraction and 3-phase electricity
Premises Licence in place
Property id: Rps-23222
proof of funds required: All interested buyers must be able to provide proof of funds before requesting viewing.
Main details
Situated in the busy Strand near Covent Garden
3-minute walk from Charing Cross
High passing trade throughout the day
Circa 1,949.34 sq. Ft spread over ground floor & basement
Fully equipped kitchen with gas, extraction and 3-phase electricity
Premises Licence in place
landlord’s requirements
Rent deposit required (subject to references)
Other usual checks will be carried out
Lease details
Lease expiry: January 2035 (outside the Landlord & Tenant Act 1954)
Current Rent: £220,000 per annum + VAT
Rent review: Every 5 years
Next rent review due: January 2030
Premium sought: £250,000 (Includes lease, fixtures, fittings & equipment)
The premises
Circa 1,949.34 sq. Ft (Ground Floor: 1,174.34 sq. Ft & Basement: 775 sq. Ft)
Circa 83 covers (Ground floor: 40 covers & Basement: 43 covers)
Gas, extraction and 3-phase electricity
Premises License in place
Rateable Value: 164,000
Payable Rates: Circa £70,520/annum (please confirm with local council)
The location
Sought after location in the Central London
The Strand, WC2R
Few minutes from Charing Cross Station & Covent Garden
Viewings & confidentiality
All interested buyers must have proof of funds to meet the premium and landlord’s requirements.
All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client.
Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.
Disclaimer
The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.
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