The property comprises ground floor trading space with excellent ceiling height (3.3m), and a rear kitchen/toilet area. The space has been stripped back to shell and core. The retail unit has an ERV of £XXX p.a.x. The rear yard (c. 450 sq ft) has potential for extension and/or external seating. The flat above has been sold off on a full repairing long lease at a peppercorn rent.
Location
Located in the heart of Brixton, home to one of London’s most vibrant restaurant scenes, the subject property is approximately 3 minutes’ walk from Brixton Village, Brixton Stations, Brixton Market and Electric Avenue. The area is benefitting from ongoing investment and development attracting both on-trend independent restaurants and bars as well as national entities. Nearby operators include Rum Kitchen, Wahaca, Three Little Birds, Franco Manca, Blue Tit and Mama Dough.
Accommodation
Ground Floor - 560 sq ft
Rear Yard - 450 sq ft
Terms
Guide Price - £XXX for the freehold interest.
Planning - The ground floor benefits from A3/A4 planning consent (18/04428/FUL).
Residential Conversion - Consent has been granted for part change of use of the existing ground floor retail, to create a self contained flat (Use Class C3) to the rear, with the erection of a single storey rear extension, together with the replacement of the shopfront and the provision of a cycle store.
Further details are available on the Lambeth Planning Database, reference 19/00188/FULREF.
Business Rates - Rateable Value (2017): £XXX
Interested parties are advised to make their own enquiries with Lambeth Borough Council, as small business rates relief may apply.
EPC Rating - D – copies available upon request.
Legal Costs - Each party is to be responsible for their own legal costs incurred in the transaction.
VAT - The property is not VAT elected.
Specification
- 560 sq ft ground floor
- 450 sq ft rear yard (potential to extend)
- A3/A4 planning consent
- Planning consent for residential conversion
- Freehold For Sale: £XXX
- Excellent transport links
- 300m from Brixton Station