Bar and nightclub for sale

Interested parties should contact Knight Frank Auctions for further information.

Description
The property comprises a mid-terrace freehold building arranged over Lower Ground, Ground and two upper floors.

Retail - Ground & Lower Ground

Forming part of an established retail parade the restaurant / caf (use class E) has a fully glazed frontage and and benefits from a total of 28 covers. The ground comprises seating for approximately 16 covers, a serving counter and open commercial kitchen fitted with full extraction, as well as a garden to the rear. There is additional seating for approximately 12 covers to the lower ground floor, as well as two small storage areas and a W/C.

Residential - First & Second Floors

First Floor

Comprises a self-contained one bedroom flat. The flat comprises a full-width reception room to the front, a kitchen, bathroom and double bedroom which overlooks the rear garden.

Second Floor

Comprises a self-contained one double bedroom with reception room to the front, and a kitchen and bathroom to the rear.

Tenancies

Retail

Let to Mar Mar Cafe Ltd (outside of the Landlord and Tenant Act 1954) for a term of 15 years from 25th December 2019 and terminating on 24th December 2034. Current passing rent of £15,000 pa (£3,750 per quarter), with upwards only rent reviews at the end of the fifth (25th December 2024) and tenth anniversaries of the Lease.

First Floor

Let on a 1-year AST from 15th April 2024 at a passing rent of £19,200 pa (£1,600 pcm) with a mutual break clause after 6 months, where either party may serve two months' notice.

Second Floor

Let on a 1-year AST from 1st March 2024 at a passing rent of £17,160 pa (£1,430 pcm) with a mutual break clause after 6 months, where either party may serve two months' notice.

Total Current Rent Reserved - £51,360 pa (with December 2024 rent review)

Floor Areas:

Ground Floor 695 sqft (64.57 sqm)
Lower Ground Floor - 455 sqft (42.3 sqm)
1st Floor Flat 615 sqft (57.1 sqm)
2nd Floor Flat 466 sqft (43.3 sqm)

Location
The property is located on the southern side of Uxbridge Road (A4020), a bustling mixed-use stretch that runs all the way from Shepherd's Bush to Uxbridge.

The address is famed for its exciting variety of restaurants, cafes and shops and the property is ideally placed right in the centre of the amenities.

Transport links from the property are excellent, with Shepherd's Bush Market underground station just half a mile to the west, offering the Circle and Hammersmith and City lines, and Shepherd's Bush station further offering the Central line and London Overground.

Westfield Shopping Centre and the Shepherd's Bush O2 Empire are also just a stone's throw away, providing countless leisure opportunities and attracting millions of visitors each year. Other businesses include Co-Op Food, Jays Pharmacy, Group B Electrical Wholesale, AJ Ferguson & Co Timber Merchants, Little Napoli, Reflections Picture Framers, West 12 Music Shop, KFC, Proud Mary's, The Pocket Watch, The Princess Victoria and the Westfield Leisure Complex is a short walk away.

Occupancy
Tenanted

Buyers Fee
The buyers fee is £1950 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.

Auction Details
The sale of this property will take place on the stated date by way of and is being sold as Unconditional.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to the Common Auction Conditions and Extra General Conditions.

Auctioneer Fees and Deposit
The following deposits and non-refundable auctioneer fees apply:

• 10% deposit, subject to a minimum of £5,000. The deposit contributes to the purchase price.
• Buyer’s Fee- the value of this fee will be listed against the property details, inclusive of VAT.

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.