Great Opportunity - Corner Bar/Restaurant in Clapham

Key Features

• Lovely Corner Position
• Bifold Doors
• 20 External Covers
• Full Extract
• Alcohol With/Without Food Allowed

Description

The corner premises trade as tapas style restaurant/bar over ground floor and basement. The ground floor caters for approximately 75 covers plus a bar area and toilets. The basement houses the kitchen and back of house areas. There are bifold doors to and there is space outside for approximately 20 covers.

Available area

The accommodation comprises the following areas:

Location

The premises are located in a prime corner position on the busy St Johns Hill in Clapham Junction, benefitting from substantial passing foot traffic all days of the week with an abundance of local independent restaurants and bars nearby, including Giagia, St John Tavern, Wagit, Taverna Trastevere and the Beehive, to name a few.

Terms

Available on assignment of the exist 15 year FRI lease expiring in June 2035, held inside the 1954 Act, and subject to 5 yearly rent reviews.

Passing Rent

£44,000 per annum exclusive with the rent rising to £48,000 pax in June 2025 (pre agreed rent review. The next rent review will be in 2030.

VAT

VAT may be applicable to the rent, premium and any other figures quoted.

Planning/Licence

The premises benefit from Class E planning use and a premises licence allowing the sale of alcohol until midnight daily with or without the sale of food.

Confidentiality

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

Holding Deposit

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