The ground and basement floors comprise of an A3 restaurant trading as the well-established Nuovi Sapori Italian Restaurant.
The self-contained upper parts are accessed from street level adjacent to the shop front and currently offer 5 bedrooms 2 bathrooms and kitchen set over first, second and third floors.
( Agency Pilot Software Ref: 8136 )
Location
The property is located within the affluent and popular inner London urban district of Parsons Green, which lies in Zone 2 of the TfL network of southwest London. It falls within the London Borough of Hammersmith & Fulham, on the north side of the River Thames and east of Fulham
Accommodation
Ground Restaurant NIA 760 sq ft (70.6sq m )
Lower Ground NIA 435 sq ft (40.31 sq m )
1 st,2nd,3rd Floor residential GIA 1250sq ft ( 116.13 sq m )
Terms
CURRENT RENT £65,000 pax
EPC An EPC is available on request.
LEASE The entire property is leased to Carlo Petitto and Sergio Rodrigues, trading as the independent well-established Italian restaurant Nuovi Sapori on a FRI lease at a passing rent of £65,000 pax subject to further review July 2022 and expiring 21 July 2026.
VAT VAT will not chargeable on the terms quoted.
LEGAL COSTS Each party is to be responsible for their own legal fees.
Specification
• Rare opportunity to acquire a freehold on New Kings Road with valuable A3 restaurant use and residential upper parts
• Situated in the affluent Parsons Green area, near notable occupiers Waitrose, Starbucks, Co-op.
• Restaurant property with residential upper parts.
• Entire property let on FRI lease expires 21 July 2026 at passing rent of £65,000 pa. with an upwards only rent review 21 July 2022.
• Freehold for sale at £1.4m (stc)~
• Net yield after costs 4.38 %
No VAT payable