Property description
Ranson UK are proud to present this rare opportunity to acquire this stylish, period four storey building comprising of ground floor and basement, a fully fitted restaurant with 9 flats above in the highly sought after location of Earls Court Road SW5.This unit is currently operating as a well-established restaurant seating 60 people, the prestigious position offers maximum visibility to attract passing trade from the heavy footfall of the area.
This commercial unit benefits from a high specification throughout and all fittings and fixtures are included within the premium. We have been advised there is potential to sublet the restaurant for a rent of around £140,000 per annum. The property further benefits from 9 self-contained studio flats on the 1st, 2nd and 3rd floor which generate a total income of £150,000 per annum.
Transportation links are excellent with Earls Court underground station a few moments’ walk away providing excellent connection to The City of London via district, circle and Piccadilly line.
Accommodation
Ground floor
Basement
9 self-contained studio flats
Total retail space: 1300 sqft approx.
Lease Term/Commencement
Our client wishes to assign his lease which has 11 years remaining.
Rent
£75,000 per annum
Premium
£700,000
Business Rates:
All interested parties are encouraged to make their own enquiries with Royal Borough of Kensington and Chelsea
Legal Fees/Cost
Each party are to bear their own legal costs.
Viewings
By prior appointment through Sole selling agents Ranson UK LTD.
Email: enquiries@ranson.co.uk
Tel: 0207 538 4057
Property Features :
- FANTASTIC OPPORTUNITY TO ACQUIRE ESTABLISHED A3/A5 UNIT
- HIGH SPEC FIXTURES AND FITTINGS
- HIGH FOOTFALL
- SHORT WALK FROM EARLS COURT UNDERGROUND STATION
- 9 SELF-CONTAINED FLATS ABOVE