DESCRIPTION: Cafe lease for sale in Marylebone established client base & split over two floors and benefitting from an outside seating area the property provides spacious and pleasant accommodation for customers.
PREMIUM: £150,000 Guide price for the benefit of the lease, fixtures, fittings and goodwill.
RENTAL: £24,000 per annum
TERMS: 9 Year lease remaining, inside the landlord and tenant act of 1954
BUSINESS RATES: We have been advised by the client that the current rates payable are £9,120 per year However, all interested parties are encouraged to make their own enquiries with Borough of City of Westminster
SIZE: Approximately 845 sq ft - Ground Floor 465 sq ft & Basement 380 sq ft
OPENING HOURS: Monday to Friday 7am to 3pm and Saturdays 11.30 am to 2.30 pm & Sunday Closed
STAFF: Owner managed with 4 full time staff & 1 part time
TURNOVER: Current turnover in excess of £156,000 per annum approximately
ACCOUNTS: Available on request
LEGAL COST: Each party is to bear their own legal cost but incoming party to pay for freeholders costs
LOCAL AUTHORITY: City of Westminster
REFERNCE CHARGES: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord
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 London Properties client account
FIXTURE & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition
AGENT NOTE: London Properties for themselves for Lessors, Vendors and their agents, give notice that:-
1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries
2. These details do not constitute any part of an offer or contract.
3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.
4. All rent prices, fees and charges are quoted exclusive of VAT
VIEWINGS: Through London Properties by appointment only.
Monday to Friday 7am to 3pm and Saturdays 11.30 am to 2.30 pm & Sunday Closed
Number of Employees: Owner managed with 4 full time staff & 1 part time
London Properties are pleased to offer to the market this Cafe lease for sale in Marylebone established client base & split over two floors and benefitting from an outside seating area the property provides spacious and pleasant accommodation for customers. Situated in a prominent location adjacent to the London Business School the business has high volume of regular and passing custom. The nearest stations are Marylebone Station &n Baker Street. Internal viewings are highly recommended through London Properties by appointment.
9 Year lease remaining, inside the landlord and tenant act of 1954
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