Property Features:Comprises ground floor restaurant (A3) with ancillary accommodation at basement.

Description

Property Features:
Comprises ground floor restaurant (A3) with ancillary accommodation at basement
Comes fully furnished and ready for occupation
Property benefits from alcohol license
In same ownership for more than 20 years
VAT is NOT applicable to this property
Conveniently located between Oxford Circus and Tottenham Court Road, within short walk from Soho Square Gardens
Occupiers close by include Starbucks, Samsung, Pret a Manger, Lloyds Bank, Vodafone and Ryman, amongst many more.

Property Description:
Comprises ground floor restaurant with ancillary accommodation at basement, providing the following accommodation and dimensions:
Ground Floor: 47 sq m (506 sq ft)
Reception, Open plan seating area (25 covers)
Basement: 28 sq m (300 sq ft)
Full Kitchen, Storage, WC
Total area size: 75 sq m (806 sq ft)

Terms:
Lease Assignment: Available on the following terms:
Premium: £300,000
Term: 10 Years from 20th February 2020
Rent: £1,153.85 per week (PCM: £5,000)
Payment Frequency: Quarterly in advance
Rent Review (Open market): 5th Anniversary
Deposit: £30,000 (6 months)

Rateable Value:
Rateable Value - £51,500 p.a.
Rates Payable - ~£26,300 p.a.

EPC:
Certificate and further details available on request.

Location:
Soho has been one of the main entertainment districts in the capital since the 19th century. The property is situated within short walk from Soho Square Gardens and Oxford Circus with occupiers nearby including Starbucks, Samsung, Pret a Manger, Lloyds Bank, Vodafone and Ryman, amongst many more.

Available area