148 Northcote Road, London, SW11
LEASE FOR SALE
Approx. gross internal area 715ft² (66.4m²)
LOCATION: The property is in a prominent position on Northcote Road close to the corner with Bramfield Road. Northcote Road is one of south west London's most popular social destinations with restaurants and bars including Franco Manca, Numero Uno, All Bar One, Gourmet Burger Kitchen and Byron Burger. Public transport is available from Clapham Junction mainline station.
DESCRIPTION: The property comprises a ground floor Class A3 unit currently operating as a chicken rotisserie/deli. The premises has recently been refurbished throughout including a newly fitted kitchen, including the extraction system along with sales counter to the font of the unit and a new customer WC/washroom.
ACCOMMODATION: The property comprises the following approximate areas and dimensions:-
Internal width (front) 12'7" ( 3.8m)
Shop depth (max) 25'9" ( 7.8m)
Sales area 325ft² (30.2m²)
Kitchen 175ft² (16.3m²)
Rear store 140ft² (13.0m²)
Covered side return 75ft² ( 6.9m²)
Gross ground floor area 715ft² (66.4m²)
Two single WC/washrooms
TENURE: The property is held on an effective full repairing and insuring lease for a term of 12 years from July 2016 subject to upwards only rent reviews on each 4th anniversary of the term. The lease is held in the name of a limited company and the landlord holds a 6 month rent deposit.
RENT: July 2017-18 £37,500 pax
July 2018-20 £40,000 pax
BUSINESS RATES: London Borough of Wandsworth
Rateable Value (2010 list): £29,950
Rates Payable (2017/2018): £13,956.70
UBR for 2017/2018 46.6p in the £
This information has been obtained verbally and we would advise interested parties to verify this with the appropriate rating authority.
LEGAL COSTS: The ingoing tenant to be responsible for both parties reasonable legal costs, to include the landlords reasonable Licence to Assign costs
VIEWING: Strictly by appointment through Sole Agents:
BELLS COMMERCIAL 020 7228 4405 Ref: SC
**An Energy Performance Certificate has been commissioned**
SUBJECT TO CONTRACT. PLEASE CHECK AVAILABILITY.
BELLS COMMERCIAL AIM TO CARRY OUT ALL NEGOTIATIONS IN ACORDANCE WITH THE CODE OF PRACTICE FOR COMMERCIAL LEASES IN ENGLAND AND WALES. A COPY OF THE CODE IS AVAILABLE FROM OUR OFFICE.
Bells for themselves and for vendors or lessors of this property whose agents they are give notice that:
(i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract;
(ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them;
(iii) no person in the employment of Bells has any authority to make or give any representation or warranty whatever in relation to this property;
(iv) all applicants are advised to confirm prior to their appointment to view a property that it is still available and that all of the main details are unchanged.
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.