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Restaurant To Let 10 - 12 Electric Avenue, London, SW9 8JX

Description Sale Type Size Price Property Type Tenanted Rental Income Usage Development Opportunity
Unit 10 Rare Restaurant Opportunity In London To Let To Let 1,244 sq ft / 116 sq m £110,000 (total price pa)
  • Restaurants
  • Other
No N/A A1, A3 No
Unit 12 Rare Restaurant Opportunity In London To Let To Let 1,941 sq ft / 180 sq m £125 (total price pa)
  • Restaurants
  • Other
No N/A A1, A3 No

DESCRIPTION
The premises are arranged over ground floor and basement of two units and benefit from the following Net Internal Area:
Size (All measurements are approx on a NIA basis)

10 Electric Avenue
Floor: Sq Ft Sq M
Retail Area: 597 sq. ft 53.81 sq. m
Storage: 98 sq. ft 9.1 sq. m
Basement: 549 sq. ft 50.96 sq. m
Total: 1,244 Sq Ft 113.87 Sq. M

12 Electric Avenue
Floor: Sq Ft Sq M
Retail Area: 912 sq. ft 84.75 sq. m
Basement: 1,029 sq. ft 95.57 sq. m
Total: 1,941 Sq Ft 180.32 Sq. M

TERMS
The premises are available by way of a new full repairing and insuring lease for a term of 10 or 15 years subject to 5 yearly rent reviews at a rental of £215,000 pax for both units, which can be rearrange in to one large space. Offers invited in the region of £110,000 for unit 10 and £125,000 for unit 12.

USE CLASS
Currently Retail (A1). The landlord has submitted a pre application for A3 across both units.

SERVICE CHARGE
To be confirmed.

VAT
To be confirmed.

BUSINESS RATES
All interested parties are advised to make their own enquiries.

LEGAL COSTS
Each party to cover their own legal costs incurred in this transaction

LOCATION
The Property is located in Electric Avenue, just a few minutes’ walk form Brixton Station. Electric Avenue is a vibrant street in Brixton in close proximity to various bars, restaurants and shops
Brixton has undergone a large amount of regeneration over the last few years with a number of high end residential developments. Retail in the area is also continuing to strengthen, with increasing demand from boutique and multi-national retailers looking to acquire new shop units in Brixton. As a result, the area is now a vibrant, trendy location for shopping, dining and drinking.

 

Contact Goodsir Commercial Limited

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