Cafe for sale

Park Road, London, NW1

845 sq. ft. | £150,000

Property Description

Commercial information

  • Business for sale
  • 845 sq ft (78 sq m)
  • Use class orders: A1 Shops

Key features

  • Premium 150.000
  • Uses A1
  • Located Oppsite London Business School
  • Rental 24,500 per annum
  • Size 845 Sq Ft
  • 9 Year lease remaining, inside the landlord and tenant act of 1954
  • Monday to Friday 7am to 3pm and Saturdays 11.30 am to 2.30 pm & Sunday Closed
  • Owner managed with 4 full time staff & 1 part time

Full description

Tenure: Leasehold

LOCATION: Situated in a prominent location adjacent to the London Business School the business has high volume of regular and passing custom. The nearest stations are Marylebone Station &n Baker Street.

DESCRIPTION: Cafe lease for sale in Marylebone established client base & split over two floors and benefitting from an outside seating area the property provides spacious and pleasant accommodation for customers.

USES: A1

PREMIUM: 221,000 Guide price for the benefit of the lease, fixtures, fittings and goodwill.

RENTAL: 24,000 per annum

TERMS: 9 Year lease remaining, inside the landlord and tenant act of 1954

BUSINESS RATES: We have been advised by the client that the current rates payable are 9,120 per year However, all interested parties are encouraged to make their own enquiries with Borough of City of Westminster

SIZE: Approximately 845 sq ft - Ground Floor 465 sq ft & Basement 380 sq ft

OPENING HOURS: Monday to Friday 7am to 3pm and Saturdays 11.30 am to 2.30 pm & Sunday Closed

STAFF: Owner managed with 4 full time staff & 1 part time

TURNOVER: Current turnover in excess of 156,000 per annum approximately

ACCOUNTS: Available on request

LEGAL COST: Each party is to bear their own legal cost but incoming party to pay for freeholders costs

LOCAL AUTHORITY: City of Westminster

REFERNCE CHARGES: London Properties charges a fee of 200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord

HOLDING DEPOSIT: A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account

FIXTURE & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition

AGENT NOTE: London Properties for themselves for Lessors, Vendors and their agents, give notice that:-

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries

2. These details do not constitute any part of an offer or contract.

3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.

4. All rent prices, fees and charges are quoted exclusive of VAT

VIEWINGS: Through London Properties by appointment only.

Nearest stations

  • Marylebone (0.3 mi)
  • Baker Street (0.3 mi)
  • Edgware Road (Circle, District, Hammersmith & City) (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

London Properties, Middlesex

95 High Street, Wealdstone, Harrow, HA3 5DL

020 3858 2394 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

  • Marylebone (0.3 mi)
  • Baker Street (0.3 mi)
  • Edgware Road (Circle, District, Hammersmith & City) (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

London Properties, Middlesex

95 High Street, Wealdstone, Harrow, HA3 5DL

020 3858 2394 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.

Disclaimer - Property reference ParkRDCafe. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by London Properties, Middlesex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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