Property description

This is an excellent opportunity to acquire a restaurant in front of the Queensway station. The station and the surrounding area are packed with commuters and tourists, guaranteeing high footfall. The property consists of basement, ground floor and first floor. It benefits from the outside smoking area (15 seats). It is located next to the Hilton Hotel and many shopping amenities of Queensway. We have been advised by our client that the weekly income is £7,000 to £9,000.      

Queensway station (Central line) is next door to the unit providing excellent connection to Central London. It is moments from Kensington Gardens, one of the Royal Parks of London, lying immediately to the west of Hyde Park.

Accommodation
Ground floor:
Width/Frontage: 16” approx
Depth: 23“approx
Ground floor size: 370sqft approx

First floor:
Width/Frontage: 15” approx
Depth: 21“approx
First floor size: 315sqft approx

Basement:
Width/Frontage: 23” approx
Depth: 12“approx
Basement size: 280sqft approx

Total accommodation size: 965sqft approx

Lease Term/Commencement
Our client wishes to assign the lease which has 7 years remaining.

Rent
£25,000 per annum.

Premium
£350,000  NEW PREMIUM £285,000

Legal Fees/Cost
Each party is to bear their own legal cost.

VAT
This property is not elected for VAT.

Rates
We have been advised that the current business rates payable are £9,000pa. However, all interested parties are encouraged to make their own enquiries with London Borough of Westminster.

Viewings
By prior appointment through sole selling agents Ranson UK LTD.
Email: enquiries@ranson.co.uk
Tel: 0207 538 4057
          
Disclaimer

Property Features :

• Ground floor/basement
• First floor
• Next door to Queensway station
• Next to Hilton Hotel
• Outside seating area