Restaurant for sale

Thai Terrace, Kensington, 14 Wrights Lane, London, United Kingdom, W8 6TF

Guide Price £200,000

Property Description

Commercial information

  • Business for sale

Key features

  • 2,700 sq ft Thai restaurant
  • Moments from High Street Kensington
  • Prominent corner plot
  • Fully equipped restaurant & kitchen
  • Premises License
  • Energy Rating E

Full description

Tenure: Leasehold

Description

An excellent opportunity to acquire the leasehold interest in a large restaurant unit within the affluent district of Kensington. Situated on a prominent end of terrace corner plot, this provides an exciting opportunity for an operator to trade over two spacious floors and improve on the current, well established trade.

Location

Thai Terrace is situated in the heart of Kensington, on the corner of Wrights Lane and Cheniston Gardens and just off Kensington High Street. The restaurant is approximately 150 metres from Kensington High Street station.

Kensington is a highly desirable area, being the home to three of London’s world class museums, fashionable high street shops and a variety of bars and restaurants, making it a popular destination for domestic and international visitors.

Internal Details

The two trading areas are at ground and first floor level. The ground floor consists of a bar/waiting area and a spacious dining room for c. 60 covers. Similarly, on the first floor there is dining space for up to 70 covers with access to the Ladies and Gents WCs.

The basement contains a large fully equipped commercial kitchen with ample preparation areas and storage with a seperate entrance from ground floor level for deliveries.

On the upper floor there is an office.

Fixtures & Fittings

We are advised all trade fixtures and fittings are are included within the sale excluding personal items. We have also been advised that no items are subject to a hire purchase and therefore are all owned outright by our client.

Tenure

Six years unexpired within the Landlord & Tenant Act.

External Details

There is external access from the pavement to the basement for deliveries to the kitchen.

Owner's Accommodation

There is an office/storage room on the upper floor.

The Opportunity

An excellent opportunity to acquire the leasehold interest in this large restaurant located on a prominent corner plot in the heart of Kensington. The restaurant specialises in thai cuisine and has built a fantastic reputation over the years, benefiting from established relations with the surrounding hotels which could be built on further from an incoming operator. The demographic in the immediate locality is particularly strong, providing an additional opportunity to attract significant trade from local residents.

Business Rates

The Rateable Value for the property is £72,500 (VOA).

Regulatory

The property has a Premises Licence granted by the relevant local authority
Monday to Friday
10:00am - 12 midnight
Saturday
11:00am - 12 midnight
Sunday
12 midday - 11:30pm


More information from this agent

Nearest stations

  • High Street Kensington (0.1 mi)
  • Earls Court (0.5 mi)
  • Gloucester Road (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , London

Whitefriars House 6 Carmelite Street, London, EC4Y 0BS

020 3858 2841 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

  • High Street Kensington (0.1 mi)
  • Earls Court (0.5 mi)
  • Gloucester Road (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , London

Whitefriars House 6 Carmelite Street, London, EC4Y 0BS

020 3858 2841 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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