The property provides a self-contained unit with a large return dual-glazed frontage. The subject is arranged over ground and basement floors, with a large kitchen and W.C. facilities. The premise is currently configured as a Cafe with seating at the basement level/ The unit benefits from planning Use class E (Retail). The property benefits from mains gas, electric, water and drainage.
( Agency Pilot Software ref: 52770 )
Location
The property is located on the east side of Walworth Road on the corner of Liverpool Groove. Nearby occupiers include Tesco Express, Marks and Spencer’s and a number of other independent retailers. The subject benefits from good transport links with the Elephant and Castle Underground Station (Northern & Bakerloo Line) within walking distance from the unit. Regular bus services are frequent along the Walworth Road
Accommodation
Ground Floor 65 sq m ( 700 sq ft )
Lower Ground Floor 37 sq m (400 sq ft )
Kitchen 29 sq m (315 sq ft )
TOTAL 131 sq m (1,415 sq ft )
Area ITZA 48.58 sq m (523 sq ft )
Terms
RATEABLE VALUE This property has a rateable value of £27,000 Uniform Business Rate: 0.512p in the £ Estimated rates payable: £13,825 pa These figures are provided as a guide only, interested parties are advised to confirm this with the local rates authority.
TENURE A new Lease on Full Repairing and Insuring terms.
QUOTING RENT £55,000 per annum exclusive.
EPC Available on request
COSTS + VAT The tenant will be liable for any LBTT and registration dues.
VAT is applicable on the rent. Each party to bear their own legal costs incurred in connection with this transaction.
Specification
- Prominent location on The Walworth Road.
- Large return frontage.
- Arranged over ground and lower ground floor levels.
- NIA 1,415 sq ft approx.
- Would suit several uses retail, café and restaurant.
- Use class E.