A restaurant premises occupying the ground floor of a 3 storey, mixed-use, Neo-Classical style corner building. The fully glazed, ground floor return frontage leads to an expansive open plan restaurant / café area, currently fitted with service islands and catering for 100+ covers. To the rear of the premises is a fully fitted commercial kitchen with extraction, dry storage, a pantry, breakout room with staff W/C and a ladies, gents and disabled access W/Cs block.
Location
The premises are situated at the end of a parade of mixed-use buildings on the southerly side of Kensington Church Street at the junction with Allen Street. The area is prime Western Fridge where high net worth residential housing meets a primary high street retail and restaurants zone. Other local businesses include, Waterstones, Boots, Zara Home, Marks & Spencer, Decathlon, Robert Dyas, Holland & Barrett, Three, Massimo Dutti, COS, Calzedonia, Mango, Hobbs, H&M, Ellis Brigham, Snow + Rock London, Megan’s on the High Street, Papaya Tree (Thai), Burger & Lobster, Nando’s, Raj of Kensington, Bonbon, Balans, Five Guys, Akira (Japanese), The Ivy Kensington Brasserie, Ole & Steen, Knoops and The Design Museum. Public transport is accessed via, High Street Kensington Tube Station (Circle & District line).
Accommodation
Ground Floor - 3,341.00 sq ft (310.39 sq m)
Terms
LEASE TERMS: Assignment of an FRI Lease, granted outside the Landlord & Tenant Act 1954 for a term of 15 years, Lease commencing from 21st October 2021 and terminating on 11th October 2036.
RENT: £280,000.00 per annum, exclusive of VAT / Premium £200,000
SERVICE CHARGE: On application.
POSSESSION: To take assignment of the current FRI Lease, terms on application.
RATES:
Rateable Value: £280,000 per annum
Rates Payable: £152,880 per annum
NB: We strongly recommend that you verify the rates with the Royal Borough of Kensington & Chelsea's business rates department on 0207 361 2828.
LEGAL COSTS: Each party to be responsible for their own legal costs.
VAT: Elected for VAT.
EPC: Available upon request.
Specification
- Fully glazed return frontage
- High ceilings
- Dining for 100+ covers
- Commercial kitchen & pantry
- X5 custom W/C's (inc. disabled access)
- Breakout room & staff W/C
- Air Con & fresh air ventilation
- Heat, smoke and security alarms