Property description

We are proud to present this spacious A3/A5 property measuring a total of 1,025.29 sq. ft. Located in the heart of West Green Road located close to many commercial properties this strip has a large healthy amount of footfall throughout the day and night. This property benefits from a late closing license. Currently the trading hours are 11 am – 4 am as well as having alcohol license this property has tremendous potential to be a successful running business. The property has a spacious shop floor measuring over 400 sq. ft. and a spacious basement suitable for storage measuring a total of 426 sq. ft. The sub-lease is being offered with 5 years remaining (open/renewable) with the property fully furnished with functioning equipment. The current rent is £26,000 per annum as well as a premium of £6,000. We can confirm all bills and council tax is included within the rent.

As this is a renewable sub-lease with all fixtures and fitting included within the property belonging to the leaseholder a £30,000 refundable deposit is required which shall be protected and held in trust via solicitors.


ACCOMMODATION

Shop Front: 12.82 ft.

Shop Floor: 419.34 sq. ft.

Kitchen: 179.34 sq. ft.

Basement: 426.61 sq. ft.


Total – 1,025.29 sq. ft. (approx.)


TENURE
Sub-lease – £26,000 per annum
5 years remaining on this Open/Renewable sub-lease.


PREMIUM
There is a premium of £6,000.


LEGAL FEES
All Parties to beat their own legal costs.


RATES
We have been advised that the rates payable is £3500 per year. However, interested parties are encouraged to make their own enquiries with the Local Authority and apply for business rates relief.

Property Features :

• Late Closing License up to 4 AM
• Alcohol License
• Heavy Footfall
• Near Underground Station
• Large Shop over 1000 sq. ft.