Restaurant to rent

Well maintained and ready to move into restaurant premises arranged over the ground floor (approx. 1,175 sq ft. 109.20 sq m) and basement (approx. 179 sq ft. 16.64 sq m). Currently trading as a Mediterranean restaurant and pizzeria with excellent reviews.

Premium £60,000.

The property is located at Upper Richmond Road West, part of the South Circular, is a busy thoroughfare surrounded by a high concentration of residential properties. The area offers a diverse range of shops and restaurants and benefits from direct transport links to Waterloo via Mortlake and Barnes stations. The property occupies a prominent position on the high street with strong footfall.

Further benefits include a cold/freezer walk-in room, air conditioning (AC), gas connection and rear access.

Premium:
£60,000 including fixtures and fittings. How is the premium calculated? The premium is based on the refurbishment costs carried out by the existing tenants, hot food licence, excellent location and further potential the property.

Lease:
15 years from April 2025.

Rates:
Rateable Value: £17,000 before any discounts or reliefs. Payable approximately £8,400 per annum (£700 per month). Interested parties are advised to verify these figures directly with the London Borough of Richmond upon Thames.

Legal costs:
Each party will be responsible for their own legal costs incurred in the transaction. The incoming tenant will bear the landlord's reasonable legal costs associated with the assignment.

EPC:
Band C

Viewing:
Strictly by appointment only with Sole Agents Citydeal Estates[use Contact Agent Button].