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Commercial Property to rent

2 Tooting Bec Road, Tooting Bec, SW17 8BD

Withdrawn from Market 373 sq. ft. | £12,500 pa| £1,042 pcm

Property Description

Commercial information

  • 373 sq ft (34 sq m)

Full description

LOCATION
Excellent location adjacent to Tooting Bec underground (Northern Line) offering excellent footfall from commuters as well as those exploring the various retail opportunities that surround the property

DESCRIPTION
NEXT DOOR TO TOOTING BEC UNDERGROUND STATION...... Leasehold Assignment available on this 20 cover, A3 restaurant, superbly refurbished just 2 years ago serving south American food. Interested parties could literally move in and continue trading. PREMIUM: £60,000 RENT: £12,500 pa. 8 years unexpired.

TERMS
Fully equipped catering kitchen. Weekly takings in the region of £1,700-£2,800 per week but scope to increase trade with obtaining A5 use and longer opening hours as due to age the current occupiers are not operating it to its maximum

Gross Internal Area approx: 34.70m²/ 373.50 ft²

The ingoing tenant should be prepared to pay one quarters rent in advance along with the equivalent of one quarters rent to be paid and held as a security deposit.

OUTGOINGS
Business Rates: The property has a Rateable Value of: £7,000 with actual Rates Payable of: £2,898. New businesses maybe able to apply for discount (Transitional Relief).

PLANNING
Our client informs us the current use is A3 and they have applied for A5 use. No alcohol licence at present

OTHER
Lease details to be confirmed as awaiting copy of lease from client. 4 Yearly rent reviews TBC.

VIEWING
We will be holding block viewings as well as other times by request.

Interested parties can also visit the premises as a customer but should not discuss with staff.


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