Restaurant/cafe for sale in Kensington High Street, London W8

Restaurant for sale. Prime Location in London.

Property id: Rps-21653

proof of funds required: All interested buyers must be able to provide proof of funds before requesting viewing.

Main features

Highly Sought After Location in London
Passing Trade
Circa 1,765.17 Sq. Ft
Circa 68 covers
Fully Electric, No Gas
Premises Licence in Place

Lease details

Lease: Ending Dec 2032 (Inside the Act of 1954)
Passing Rent: £130,000 plus VAT (stepped rent)
Rent Review: Every 5 Years
Next Rent Review: Dec 2027
Premium: Poa (Business, Lease & ff&E)

landlord’s requirement

Rent Deposit Required (subject to references)
Personal Guarantor (subject to references)
Bank, Trade & Accountant’s Reference required
Evidence of financial credibility

The premises

Circa 1,765.17 Sq. Ft
Total 68 Covers
Fully Electric, No Gas
3-phase Electric Power Supply & Extraction
Premises Licence in Place
Five-Star Food Hygiene Rating
Payable Business Rates: Circa £65,520/annum (Rateable Value: £120,000)

The location

Prime Location in London
Passing trade throughout the day

Trading

Gross Turnover 2022-23: £1.6 million

Viewings & confidentiality

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.

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.