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Restaurant to rent

20 Temple Fortune Parade, Finchley Road, Temple Fortune, London, NW11 0QS

1,210 sq. ft. | £32,500 pa| £2,708 pcm

Property Description

Commercial information

  • 1,210 sq ft (112 sq m)
  • Use class orders: A3 Restaurants and Cafes

Full description

Tenure: Leasehold

LOCATION
The shop is situated in this busy main road location close to the junction with Bridge Lane. Nearby multiples include Marks & Spencer, Waitrose, WH Smith, Boots, Costa Coffee and Barclays Bank.

ACCOMMODATION
Comprises a former restaurant previosly with seating for 40 covers and affords the following approximate dimensions:

Frontage 16' 9"
Internal width 16' 1"
Depth 43' 10"
Restaurant area 826 sq ft
Kitchen & storage area 384 sq ft
TOTAL 1,210 SQ FT

LEASE
Held on a full repairing and insuring lease for a term of 20 years from November 2013 subject to a rent review in November 2023 and 5 yearly thereafter.

RENT
32,500 per annum excusive rising to 35,000 per annum exclusive in November 2018.

PREMIUM
40,000 for the benefit of the leasehold interest and fixtures and fittings.

RATES
Obtained from the www.voa.gov.uk website the rateable value is 37,500 and the rates payable for 2016/17 are 18,637.50 per annum. This does not allow for any transitional relief that may apply. Interested parties should confirm annual rates payable with local Rating Authority.

EPC RATING D

LEGAL COSTS
Each party to be responsible for their own costs incurred.

VIEWING
Strictly by appointment through agents as above.


More information from this agent

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