The restaurant occupies the ground floor and basement of an attractive late Victorian building. The frontage is glazed and fully retractable, leading to an open plan restaurant area with space for 40 - 45 covers and a kitchen to the rear. The basement comprises a fully fitted professional kitchen and extraction, together with 6 various dry store and general storage rooms. Additionally there are 2 W/C’s.
Location
The premises is situated on the southern side of Russell Gardens In between the junctions with Elsham Road and Holland Road. Local businesses include Alounak, Cibo, Oriental Kitchen Express, Jamie Stevens (hair dresser), Kensington Physio & Sport and Darakeh (cafe). Public transport is accessed within a short walk at Kensington Olympia (District line and Overland Rail) and Shepherd’s Bush Green (Central line, Overland Rail & Bus Station).
Accommodation
The property benefits from the following approximate floor area:
Ground floor commercial - 638 sq ft (59.09 sq m)
Basement commercial - 884 sq ft (82.13 sq m)
Total - 1,520 sq ft (141.21 sq m)
Terms
Tenure - Freehold
Sale Price - £775,000
Tenancy - A newly signed FRI lease Outside the Landlord & Tenant Act 1954, for a term of 15 years with an optional break at the end of the 10th year, the passing rent is £38,500 per annum exclusive.
Rates - We have been advised that the current rateable value of the property is £17,250 per annum. Rates payable for this financial year are approximately £8,200 per annum. Any interested party should make their own enquiries with Local Authority which is the Royal Borough of Kensington & Chelsea.
Legal Costs - Each party to bear their own legal costs in this matter.
VAT - TBC.