Property description
Ranson UK are proud to present this well established run Business located in a very busy location with an extremely high foot fall, opposite South Bank University.
The premises further boast additional basement and rear garden space and is situated within minutes from Lambert North and Elephant & Castle Stations, with a remaining, renewable lease of 5 years. This is an excellent opportunity to acquire an established A3 Business with business rates exempt.
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
Kitchen: Approx 96 Sq Ft
Shop Floor: Approx 361 Sq Ft
Basement: Approx 235 Sq Ft
Rear Garden: Approx 464 Sq Ft
Total accommodation size: Approx 1,156 Sq Ft
Lease Term/Commencement
Our client wishes to assign the renewable lease which has approximately 5 years remaining.
Rent
£14,000 Per Annum
Premium
£65,000
Legal Fees/Cost
Each party are to bear their own legal cost
Rates
All interested parties are encouraged to make their own enquiries with London Borough of Southwark
VAT
This property is not elected for VAT
Viewings
By Prior Appointment through sole selling agents Ranson UK LTD.
Email: enquiries@ranson.co.ukTel: 0207 538 4057
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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