Chelsea 60 Cover Restaurant
Price:
Leasehold - £100,000
Location:
London, Chelsea, Chelsea
Business Type:
Food Service Businesses
Confidential. Staff Unaware
Extended Trading Hours Of Business.
A3 Restaurant Use
Premium £100,000
Passing Rent Is £35,000 PAX
Split Level Accomodation
60 Covers To Ground Floor
Unexpired Lease Approx 17 years
Ground floor: The ground floor area comprises of a two separate stairwells into the basement, a large fully equipped bar and servery and rear conservatory dining area. The restaurant is in good decorative order and is trading as an authentic Thai Restaurant. The Ground floor is currently laid out to seat 60 covers, however there is ample space to accommodate an additional 10 covers if required. The ground floor also benefits from high ceilings
Lower Ground Floor: The lower ground floor consists of a private dining area, customer toilets and large trade kitchen with a walk in fridge and ample storage in the vaults all are in a good state of repair.
The restaurant occupies a prominent pitch on the north Western side of the Old Brompton Road. This is a sought after pitch with numerous other popular restaurants and bars located in immediate vicinity, including Balans, Strada, O’Neils and Mr Wing. Nearby underground stations, within walking distance, are Earls Court, South Kensington and West Brompton.
The property is held by a Full Repairing and Insuring Lease for a term of 20 years; and benefits from an unexpired term of approximately 17 years. The lease is subject to 5 yearly rent reviews, with no further review until 2014. It is understood that the lease is granted outside the Security of Tenure Provisions of the Landlord and Tenant Act 1954, part two as amended.
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