A fantastic opportunity to lease this A3 Restaurant situated on the ever popular & trendy Drummond Street. The restaurant is fully air conditioned & includes a fully functioning kitchen & toilets for staff & customers, spread over the ground & basement this premises accommodates over 100 covers & presented to a very high standard.
Drummond Street, London NW1 2PB
This is a double shop front premises just over £2400 sq ft spread over the ground & basement, with dining areas on both floors & he kitchen & customer toilets on the lower floor. Over the years Drummond Street has established a renowned reputation for being the home of exceptional dining experience in central London.
Premium: £220,000 (for benefit of the lease & fixtures & fittings)
Lease term: 20 years from October 2007 (FR&I Lease)
Rent: £74,500 per annum
Rent review: Every 4 years
Deposit: Minimum 6 months deposit required by Freeholder
Rates: £50,295 per annum
Rateable value: £105,000
Local authority: Camden
Size: 229 m2 (approximately and TBC)
Class of Use: A3
Legal Cost: Each party will bear their own legal cost and Incoming tenant to bear Freeholders legal cost
AGENTS NOTE: Oakford Estates Ltd as agents have endeavoured to check the accuracy of these sales particulars, but however can offer no guarantee, we therefore must advise that any prospective purchaser employ their own independent experts to verify the statements contained herein. All measurements are approximate and should not be relied upon. No equipment, utilities, circuits or fittings have been tested. No person in the employment of Oakford estates Ltd may make or give any guarantees or warranty in relation to this property.