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LONDON - BLANK CANVAS PUB/BAR OPPORTUNITY
Camberwell, London, SE5 9PU
Asking Price
Leasehold Nil Premium
Leasehold Price
£1
Tenure
Leasehold
Description
LEASEHOLD NIL PREMIUM
The Landlord will consider the creation of a new lease agreement on the following terms:
- Fully repairing and insuring lease
- For a term of 15 or 20 years
- Inside Part II Landlord & Tenant Act 1954
- Annual rent £40,000
- Rent subject to 5 yearly review and annual RPI adjustments collared at 2.5%, capped at 5%
- 6 month rental deposit, plus personal guarantors
- Free of all trade ties
All negotiation subject to covenant strength. An incoming party will be required to demonstrate sufficient funds to sustain their business model, and will need to demonstrate ingoing capital to cover the premium, rental deposits, stock, working capital and solicitor's fees as a minimum.
Application form and business plan available upon request.
The property is closed. Please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
Location & Situation
GROUND FLOOR
Measuring in the region of 1,679 sq ft, comprising:
- OPEN PLAN TRADE SPACE: Measuring approximately 1,300 sq ft. Suitable for kitchen installation. Entrance from Coldharbour Lane and Denmark Road.
- ANCILLARY AREA: Suitable for WC and staff area (with capped services).
BASEMENT
- STORAGE: Divided into a number of rooms including barrel room. Delivery drop from Denmark Hill. (NB: The cellar is not stand-up height).
EXTERNAL
- FRONT PATIO
- BIN STORE
Details
- Property Type
- Restaurant, Public House, Wine Bar