Property description

Ranson UK are proud to present a double fronted restaurant, located in a very busy location with a high foot fall, opposite South Bank University. This is an excellent opportunity to acquire a well established A3 licensed business with over 2500sq ft, comprising of 100 plus seated restaurant with further seating in the rear garden.

The Premised further boasts an additional basement and rear garden space. Situated within minutes from Lambert North and Elephant & Castle station.

Elephant & Castle is known for one of the most major traffic junctions providing access to the A2 and A3 connected by the famous Inner London Ring Road. It is also a popular location for the London College of Communication, Ministry of Sound Nightclub and Elephant & Castle shopping Centre near by the underground station providing the Northern and Bakerloo Line.

Accommodation

Shop floor area 1 - 844 sq ft

Shop floor area 2 - 590 sq ft

Total basement area - 1247sq ft

Rear garden – 135 sq ft

Total accommodation size: 2816 sq ft approx.

Lease Term/Commencement

A new FRI lease of 20 years to be assigned on flexible terms 

Service charge £5,000pa approx

Business rates

All interested parties are encouraged to make their own enquiries with the London borough of Southwark

Asking Price

£95,000 Premium

£36,000 Rent

Legal Fees/Cost

Incoming tenant to bear all legal costs.

Viewings

By prior appointment through Multi selling agents Ranson UK LTD.

Email: enquiries@ranson.co.uk

Tel: 0207 538 4057

Ranson UK Limited their clients and any joint agents give notice that:

1. They have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Ranson UK Limited have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise

Property Features :

• Close to Lambert North Station
• Close to Elephant & Castle Station
• Very High Foot Fall
• Opposite South Bank University
• Ground Floor, Basement and Garden space