London Restaurant Investment
London Restaurant Investment
The property is located on the north side of the busy Old Kent Road (A2), a major arterial route through South East London. The property occupies a prominent trading position amongst an eclectic mix of of popular restaurants, cafe's and bars, within a densely populated residential area.
Long Leasehold. Held for a term of 125 years from 30/06/2003 at a peppercorn ground rent
The property is located on the north side of the busy Old Kent Road (A2), a major arterial route through South East London. The property occupies a prominent trading position amongst an eclectic mix of of popular restaurants, cafe's and bars, within a densely populated residential area.
Long Leasehold. Held for a term of 125 years from 30/06/2003 at a peppercorn ground rent
The property comprises restaurant and ancillary accommodation on the ground and lower ground floors.
VAT is not applicable to this lot.
This property is being marketed for sale on behalf of LPA Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability. The Receivers are not bound to accept the highest or any offer.
Six week completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises restaurant and ancillary accommodation on the ground and lower ground floors.
VAT is not applicable to this lot.
This property is being marketed for sale on behalf of LPA Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability. The Receivers are not bound to accept the highest or any offer.
Six week completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas Approx sq m |
Floor Areas Approx sq ft |
Tenant | Term | Rent p.a.x. | Rent Review |
|---|---|---|---|---|---|---|---|
| Ground Lower Ground |
Restaurant Restaurant / Ancillary |
51.53 51.23 |
(554) (551) |
INDIVIDUAL t/a Options Cuisine |
5 years from 01/11/2022 | £18,000 |
01/11/2025 |
| Total Approximate Floor Area |
102.76 |
(1,105) (1) |
£18,000 |
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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