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RESTAURANT LEASE FOR SALE IN CAMDEN

Lease for Sale
98 Arlington Road, London NW1 7HT
RENT £25,000 per annum exclusive

LOCATION:

The subject corner premises are conveniently located off Camden High Street on the corner of Arlington Road and Delancey Street, close to the amenities to include shops, restaurants and barks of Camden Town as well the famous Camden Market. Transport facilities are convenient with Camden Town and Mornington Crescent Stations (London Underground Northern Line) being equidistant to the property. Numerous bus routes also serve the area.

DESCRIPTION:

The premises comprise a fully licensed restaurant arranged over ground floor & basement.

AREAS (All Measurements Are Approximate):

Ground Floor  – Seating & Bar: 398 Sq Ft (37 Sq M)

Basement – Kitchen, Storage & WC: 441 Sq Ft (41 Sq M)

TOTAL: 839 Sq Ft (78 Sq M)

LEASE:

Assignment of an FRI Lease granted in June 2015, inside the Landlord and Tenant Act 1954, for a term of 12 years subject to 4 yearly rent reviews fixed at 12.5 % increase.

BREAK CLAUSE:

Tenant only break option at the end of the 6th year subject to 6 months prior notice in writing.

RENT:

£25,000 per annum exclusive

RATES:

We have been advised that the current business rates payable are circa £10,000 per annum. However, interested parties are advised to make their own enquiries to the Local Authority.

PREMIUM:

£95,000 for the benefit of the Lease and all fixtures & fittings.

LEGAL COSTS:

Each party to bear their own legal costs. Landlord’s legal costs to be split.

EPC:

Available upon request.

VIEWING:

Strictly by appointment through owner’s SOLE agents as above.

CONTACT:

Mert Seyhan (020 7482 1203 / mert.seyhan@christo.co.uk)

SUBJECT TO CONTRACT

NOTICE RELATING TO THE PROPERTY MISDESCRIPTIONS ACT
Christo & Co as Agents and for the Vendors/Lessors of this property give notice that: 1) These particulars have been checked and are understood to be materially correct at the date of publication. The content however, is given without responsibility and should not, in any circumstances, be relied upon as representations of fact. Intending Purchasers/Lessees should satisfy themselves as to their correctness and as to the availability to the property prior to arranging viewings of the property. 2) These particulars are a guide only and do not form part of an offer or contract. 3) Christo & Co, their employees, nor the Vendors/Lessors make or give any representation or warranty in relation to the property. 4) No representation or warranty is given in respect of any part, equipment or services at the property. 5) Unless otherwise stated, prices, rents or other prices quoted are exclusive of VAT. Intending Purchasers/Lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction relating to this property. 6) Date of Publication: January 2019.
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Address

98 Arlington Road, London NW1 7HT
United Kingdom
London
Camden Town
NW1 7HT

Additional Details

RENT £25,000 per annum exclusive
839
78
£95,000 for the benefit of the Lease and all fixtures & fittings.
Leasehold

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