Freehold Licensed A3 Restaurant For Sale, Portobello Road, W10
323 Portobello Road, London W10
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.
