159 LORDSHIP LANE, EAST DULWICH LONDON SE22 8HX RESTAURANT & TAKEAWAY PREMISES – LEASE ASSIGNMENT Terms The premises are available by way of a lease assignment of the existing 20 year FRI lease from 1st November 2005 at a passing rent of £19,549.30 per annum. The lease is contracted within the security of tenure provisions of the Landlord & Tenant Act 1954. In our opinion the property is significantly under rented. Reviews are 4 yearly with the next review on 1st November 2017 set at £23,068.17 p.a. and the last review on 1st November 2021 set at £27,220.49 p.a. Premium Offers invited for the lease, fixtures, fittings and the goodwill of the business. Location The property is located on the busy Lordship Lane (A216) which continues to grow in popularity with an ever improving selection of retailers, cafes, restaurants and bars. Neighbouring tenants include an excellent mix of multiple and quality independent occupiers including Gourmet Burger Kitchen, Franklins Farm Shop, Restaurant and Bar, William Rose Butchers, Le Chandelier Restaurant, Luca’s Bakery & Cafe and Moxon’s Fishmongers. Description The property is currently trading as a Chinese Restaurant and Takeaway arranged as a front seating/counter area, rear kitchen, WC and food preparation/storage area. The basement is used as further storage. The property benefits from a front forecourt and rear yard with access via Bawdale Road. Accommodation The available premises have the following gross internal areas: Ground Floor Basement Total Rear yard
80.19 sq. m. (863 sq. ft.) 48.24 sq. m. (519 sq. ft.) 128.43 sq. m. (1,382 sq. ft.) 45.26 sq. m. (487 sq. ft.)
Business Rates Rateable Value 2014/15: £9,200 Interested parties should contact the local authority to confirm rates payable. Planning We understand that the property benefits from A3 Restaurant and A5 Takeaway consent. Interested parties should make their own enquiries with the Local Authority to ensure their use is permissible. Legal Costs Each party is to be responsible for their own legal fees. EPC The unit currently has an energy rating of ‘D’. The full EPC is available to download at www.hindwoods.co.uk VAT VAT is not chargeable on the terms quoted. Viewing For further information, e-mail details, or to arrange an inspection, please contact sole agents Hindwoods 020 8858 9303. Hal Clarke e-mail:
[email protected] Paul Connaghan e-mail:
[email protected] CG5246
“You should be aware that the Code for Leasing Business Premises strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions and trade associations or through website www.leasingbusinesspremises.co.uk”. These particulars are believed to be correct, but their accuracy is not guaranteed and they do not constitute an offer or form any part of any contract. Hindwoods and its employees have no authority to make any representation or give any warranty in relation to this property.