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Freehold Licensed A3 Restaurant For Sale, Portobello Road, W10

323 Portobello Road, London W10

Under Offer
Freehold Licensed A3 Restaurant For Sale, 1,122 sq ft nia (104.3 sq m), 323 Portobello Road, London W10

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Situation & Location

The property is situated in a very busy locatio on the western side of Portobello Road, close to the junction with Golborne Road . Other restaurants located in this increasingly popular location include Pizza East, and on Golborne Road the acclaimed 108 Garage, also Kipferl, Snaps & Rye, Golborne Deli, and West Thirty Six. View location map.

Description & Accommodation

The property comprises a freehold restaurant providing accommodation with the following net areas:-

GF Bar & Dining Area: 562 sq ft 52.2 sq m
GF Kitchen & WC's: 170 sq ft 15.8 sq m
Mezzanine Dining: 200 sq ft 18.6 sq m
First floor store room: (reached by separate staircase and not on plan) 190 sq ft 17.7 sq m
Total 1,122 sq ft 104.3 sq m

Externally there are two tables at the front.

There are two flats and a maisonette above which have been sold on long leases (one with 83 years remaining, one with 88 years) - details on request.

Licensing

The premises currently has the benefit of the following:-

On sales licence

Mon- Fri 10am - Midnight
Sat 11am - Midnight
Sun 12pm - 11.30 pm

Late night refreshments

Mon-Sat 11pm - 00.30
Sun 11pm - Midnight

Terms

A price of £1,700,000 is sought for the freehold interest with vacant possession.

Residential leaseholder's 87 Act pre-emption rights will apply.

Legal Costs

Each party to bear their own.

Energy Performance Certificate

An EPC has been commissioned - a copy with recommendations will be available on request.

Business Rates

The local authority has verbally informed us that the rateable value for the premises is £39,250 and the rates payable for the current year ending31/03/18 are £15,134. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 8315 2082.

VAT

Will not apply.

Contact

Jeremy Barnard
Tel: 020 7938 3990
Fax: 020 7937 3764
Email: jb@jmwbarnard.com

Important Notice: Measurements are approximate and no responsibility is taken for any error, omission or mis-statement in these particulars which do not constitute an offer or contract. No representation or warranty is given either during negotiations, in particulars, or elsewhere. Unless otherwise stated all rents and prices are exclusive of VAT, where applicable.

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JMW Barnard LLP registered office: North Lodge, Brockham Green, Betchworth, Surrey, RH3 7JS - Registered in England Number: OC314826
JMW Barnard Management Ltd registered office: 2 Jardine House, Bessborough Rd, Harrow, Middlesex, HA1 3EX - Registered in England & Wales Number: 04407956