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89-89A Lavender Hl 1,050 SF of Retail Space Available in London SW11 5QL
HIGHLIGHTS
- High footfall
- Excellent transports links
- Prominently located
- Premium £125,000
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 1,050 SF | Negotiable | $48.78 CAD/SF/YR $4.06 CAD/SF/MO $51,217 CAD/YR $4,268 CAD/MO | TBD |
Ground
Property comprises of ground floor space currently operating as a restaurant, situated on Lavender Hill, with a busy footfall and prominent location. £125,000 premium.
- Use Class: E
- Located in-line with other retail
- Central Heating System
- Kitchen
- Secure Storage
- Common Parts WC Facilities
- Rent review in 5 years
- £125,000 premium.
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing broker for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
SITE PLAN
PROPERTY FACTS
| Total Space Available | 1,050 SF | Gross Leasable Area | 3,380 SF |
| Property Type | Retail | Year Built | 1970 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 1,050 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 3,380 SF |
| Year Built | 1970 |
ABOUT THE PROPERTY
Premium/Goodwill £125,000 - Residenza are proud to offer a prime located shop currently trading as a Portuguese restaurant with Class E (formerly known as Class A3/A5) use on Lavender Hill, SW11. The property is situated on a busy parade and benefits from a high footfall pass by trade. Postcode: SW11 5QL Premium: £125,000.00 Rent: £27,500 per annum Rates: Rateable value of £13,750 P/A Rent Review: Every 5 Years - next rent review 2029 EPC: TBC Use: Class E (Trading as a Portuguese Restaurant) (formerly known as Class A3/A5) Lease: Transfer of existing 20 year lease dated 2013 thus having 09 years unexpired with option to renew Size: 1,270 Sq/Ft Weekly Takings: £8,000 PW Terms: Quarter rent and deposit in advance Legal Fees: Incoming tenant liable for own and freeholders legal costs Opening Hours: Sunday - Thursday 07:00 am till 12:00am, Friday - Saturday 07:00 - 01:30 Covers: 40 + Covers Licence: Alcohol & late night To view this property, contact our commercial team or visit our website www.residenzapropertiesltd.com
- Bus Line
- Signage
NEARBY MAJOR RETAILERS
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89-89A Lavender Hl
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