Restaurant for sale

Paddington Street, London, W1U

Sold STC £45,000

Property Description

Key features

  • Close Baker Street London W1
  • 5 Day Week Sandwich Bar
  • Hours Only 7am Till 4pm
  • In A1 Location Close Zizi
  • Secure Lease
  • Same Hands Since 2000

Full description

Tenure: Leasehold

DESCRIPTION:
A long established and very attractive Sandwich Bar & Take Away in a superb location close to many world famous brand names, testimony to the importance of the location. Our Clients have owned the business for 10 years and have meticulously maintained both the goodwill of the business as well as the property, which is in 1st class condition. The vast majority of the business comes from the sale of both hot and cold Sandwiches and Snacks, and is supplemented by Jacket potatoes, Cakes, some hot food during the colder months of the year and Tea Coffee and cold drinks. Approximately 25% of the takings are from deliveries of Sandwiches & Platters etc to local Offices and we believe this element of the business has scope for substantial further development.

Location 
The property occupies a superb location only 5 minutes walk from Baker Street Station, this being the destination Station for visitors to the world famous Madame Tussauds. Baker Street is a street in the Marylebone district of the City of Westminster in London. It is most famous for its connection to the fictional detective Sherlock Holmes, who lived at 221B Baker Street, an address that did not actually exist in Sherlock Holmes' era (the address now graces a building housing a "Sherlock Holmes museum"). Baker Street runs south from Regent's Park, the intersection with Park Road, parallel to Gloucester Place, intersecting Marylebone Road, York Street, Portman Square and Wigmore Street. At the intersection with Wigmore St, Baker Street turns into Orchard Street, which ends when it intersects with Oxford Street. Baker Street Station is one of the world's oldest surviving underground stations, and the area teems with both Office workers and Tourists all year round.

Property 
Very attractive canopied frontage with pavement seating for 8 customers. Entrance with air conditioning unit above. Sandwich Bar in a total of some 280 sq.ft. with seating for 10 with an upright cold drinks fridge. Laid mostly to a wooden laminate floor with painted pine clad walls. Feature cold display counter and servery behind, with a 2 group ExpoBar Espresso Coffee machine, Microwave, Grill, Casio Till, Coffee grinder, Toaster, Fridge & Soup kettle. Small Kitchen to the rear with a tiled floor, stainless steel sink and drainer plus additional stainless steel hand wash sink, freezer, double electric hot plate, oven, and both base and eye level units. Access to staff WC.

Turnover 
We are advised that these are about £3,500 per week.

Hours 
Monday to Friday only from 7am till 4pm.

Tenure 
Leasehold. Granted for 10 years from 25th March 2010, subject to one review in 2015.

Rent 
£16,000 per annum.

Rates 
£7,866 per annum appx.

More information from this agent

Nearest stations

  • Baker Street (0.2 mi)
  • Marylebone (0.3 mi)
  • Regent's Park (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Dedman Gray, Essex

103 The Broadway, Thorpe Bay, Essex, SS1 3HQ

01702 744063 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Baker Street (0.2 mi)
  • Marylebone (0.3 mi)
  • Regent's Park (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Dedman Gray, Essex

103 The Broadway, Thorpe Bay, Essex, SS1 3HQ

01702 744063 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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