For Sale
WELL ESTABLISHED RESTAURANT
Available
Kennington Road, Riverside, London SE1
(Reference No. 023950)
1216 SQ FT (113 SQ M)
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Location:
Situated on Kennington Road within a short walk from Lambeth North Underground Station (Bakerloo Line). Local occupiers include Costa, Sainsburys local, Natwest bank and Pret a Manger. The restaurant is very close to the Park Plaza London Waterloo Hotel and there are many other hotels within the vicinity. Lambeth North is a busy tourist destination, as it is within close proximity to the London Eye, Imperial War Museum and many other attractions.

Description:
Fully fitted restaurant currently arranged as 60 covers with the potential to increase plus an additional 30 covers on the front forecourt which has a large canopy. The kitchen features an aluminium hood extraction, including gas range, walk-in fridges/freezer and prep areas. There is additional dry storage in the basement where you will also find male and female staff changing areas and customer WC’s. There is rear access via a yard area plus two parking spaces available separately to rent at £200 pcm for both spaces.

Lease:
Held on a 15 year full repairing and insuring lease from 2014 (inside the Landlord & Tenant Act 1954) at £26,000 pa with 5 yearly rent reviews.

Terms:
£175,000 is sought for the goodwill, fixtures, fittings and equipment.

Subject to Contract
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Claridges Commercial
Tel: 020 8559 1122  
Email:
contact@claridges-commercial.co.uk