Drummond Street, Euston NW1

Summary

A fantastic opportunity to lease this A3 Restaurant which is situated on the ever popular and trendy Drummond Street. The restaurant is fully air conditioned and includes a fully equipped kitchen, staff and customer toilets and is generously spread over split levels and the premises currently accommodates over 100 covers.

Drummond Street, London NW1 2PA

This is premises is just over 2000 sq ft spread over the ground and basement and currently trades and a South Asian vegetarian restaurant with dining areas on both floors, with the fully working kitchen and 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.

Terms

Tenure: Leasehold
Premium: £150,000 (for benefit of the lease)
Lease term: Brand New 12 Year Lease (FR&I Lease) outside the landlord and tenant act 1954
Rent: £85,000 per annum
Rent review: Every 4 years
Deposit: Minimum 6 months deposit required by Freeholder
Rates: £27,904 per annum for the period 01.04.23 to 31.03.24
Rateable value: £54,500
Local authority: Camden
Size: 180 m2 (approximately and TBC)
Class of Use: A3
Legal Cost: Incoming tenant will bear all the legal cost including the Freeholders and management 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.

Reference: OKF1001462

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