Fine Dining Restaurant Opportunity in Belgravia

Key Features

• Affluent Area
• Private Dining Room
• Premises Licence in Situ
• Fully Fitted and Open Kitchen
• Beautiful Fitted Out Restaurant

Description

The premises operates as a fine dining-style restaurant to accommodate 80 covers inside and 8 covers outside. The ground floor holds the main restaurant space with a beautiful fitted-out rear bar area. The basement has a private dining room with an open plan fully fitted kitchen. Towards the rear of the unit, a cold room, freezer and storage rooms can be located. The first floor has toilets, staff room and an office. There is one bed room apartment located on the second and third floor.

Available area

The accommodation comprises the following areas:

Location

The premises are located on Pimlico Road, in the affluent area of Belgravia, benefiting from many F& B operators nearby such as Tabisca, Sloane Place Restaurant, The Fox and Hounds, and The Campaner to name a few. Sloane Square Tube Station is a 4-minute walk, with access to the Circle and District Line.

Tenure

An assignment of a 25-year existing lease expiring on 24th December 2033, with every 5 year rent reviews. The lease is drawn inside the Landlord and Tenant Act.

Passing Rent

£99,000 with a rent review placing the rent at £121,000 per annum

Premium

Upon Application.

VAT

VAT may be applicable to the rent, premium and other outgoings.

Planning/Licence

The premises benefit from E class planning use, along with a premises licence which allows the sale of alcohol with/without table meals with the following listed hours: Monday to Saturday: 10:00 - 00:30
Sunday: 12:00 - 23:30

Holding Deposit

A holding deposit will be required to secure a property. The deposit will buy a period of exclusivity and will be held in the CDG Leisure client account.

Confidentiality

This sale is highly confidential and under no circumstances should a direct approach be made to staff as they are unaware of an impending sale.