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Prominent, Fully-fitted Restaurant to Let, Holland Park, W11

Ground & Mezzanine Floors, 120 Holland Park Avenue, Holland Park, London W11

Under Offer
>Prominent, fully-fitted Restaurant to Let, 1,134 sq ft 105 sq m, Ground & Mezzanine Floors, 120 Holland Park Avenue, Holland Park, London W11

Situation & Location

The property forms part of a very busy local centre serving the highly affluent local population, and lies close to the junction with Portland Road. Other retailers close by include Supermarket of Dreams, the Rug Company, Lidgates butchers, Speck deli, Nicolas, Jeroboams Daunt Books, Joe & The Juice and Paul.

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Description & Accommodation

The property comprises a self-contained fitted restaurant currently arranged to provide 46 covers, having the following approximate floor areas, plans on request:-

Ground floor dining room 662 sq ft 61.5 sq m
Ground floor kitchen 269 sq ft 25 sq m
Mezzanine office/storeroom plus Customer WC’s 203 sq ft 8.9 sq m

Premises Licence

Retail sale of alcohol 10-23.00 Mon-Sat 22.30 Sun; late night refreshments to 23.30.

Rent

£65,000 per annum, subject to upward only review on 12.08.24.

Lease

Held under a full repairing and insuring 10 year lease from 12.08.19, taken inside the Landlord & Tenant Act 1954.

Terms

Premium offers invited for the leasehold interest.

Legal Costs

Each party to bear their own.

EPC

EPC rating 90 Band D copy report and recommendations available on request.

Business Rates

The local authority has verbally informed us that the rateable value for the premises is £72,200 and the rates payable for the forthcoming year ending 31/03/23 are £36,966 pa or £18,483 after 50% retail relief. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 0207-361 2828.

VAT

The rent and other charges will be subject to VAT in addition.

Possession

Immediate upon completion of legal formalities.

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