A Commercial Investment Producing £28,800 Per Annum

The property comprises a double fronted ground floor bar restaurant situated within a mid terrace building arranged over ground and five upper floors. The property has been recently refurbished to a high standard.

Tenure

Leasehold. The property is held on a 125 year lease from 1st January 2001 (thus approximately 100 years unexpired).

8 Week Completion Available

Location

The property is situated in the pedestrianised Ferry Quays development close to local shops and amenities. Situated off the Thames Path. Transport links are provided by Kew Gardens overground and underground station (District line) and Brentford rail station (Zone 3).

Accommodation

Ground Floor Retail Area G.I.A. Approximately 1,200 sq ft

Tenancy

The property is subject to an effective FRI lease for a term of 18 years commencing 9th May 2023 at a rent of £28,800 per annum. There are CPI linked rent reviews every 3 years and a mutual break clause every 6 years. A3 Use with Premises Licence in place. Rent deposit (£14,400) and directors guarantees held. No arrears.

VAT

VAT is not applicable

Energy Efficiency Rating (EPC)

Current Rating C

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.