Retail in London

Location

The property is situated on Half Moon Lane (A2214) at the busy junction of Dulwich Road (A2214), Herne Hill (A215), Milkwood Road (B222) and Norwood Road (A215). Herne Hill Railway station and Pizza Express Restaurant is directly opposite the property with the main entrance of Brockwell Park adjacent. Due to its highly prominent position the property benefits from a substantial amount of passing footfall and vehicular movement throughout the day.
Herne Hill continues to grow in popularity as a desirable and affluent area with an ever improving selection of retail units, restaurants and bars. The property is well served by transport links with Herne Hill Railway station opposite which provides regular services into central London with the area well served by various buses.

Description

Highly prominent corner restaurant premises - Ground floor & basement - Premium required

Accommodation

Description
Caf? Provencal is a very popular and successful restaurant with an excellent reputation and a loyal customer base. The business has been trading for the last 20 years by the same owner and benefits from a busy trade throughout the day and late in the evenings.
The restaurant comprises a large seating area, fully fitted kitchen, WCs and large basement. The property is fitted out to a good standard with wooden flooring, suspended ceilings, air conditioning and reinforced glassed bay frontage windows. The premises can currently accommodate approximately 80 covers but could be altered to make better use of the floor area to accommodate more covers.

Accommodation
The property has the following approximate net internal areas:
Ground Floor 101.4 sq. m. (1091 sq. ft.)
Male and Female WCs
Basement 80.41 sq. m. (865 sq. ft.)
Front Forecourt
Total 181.81 sq. m. (1,956 sq. ft.)
Terms
The existing lease of the property is due to expire on 24th November 2016 and is available to assign with premium offers invited for all fixtures and fittings. The lease is within the Landlord and Tenant Act 1954 part II (renewable).
Rates
The property is entered in the 2010 rating list with a rateable value of £19,950. The Standard Business Rates Multiplier for 2012/13 is 45.8p in the £. For further information on business rates including relief which could be applicable, visit www.mybusinessrates.gov.uk.

Planning
We understand that the property has A3 (restaurant) planning consent. However, the tenant must make their own enquiries of the Planning Authority to ensure that their proposed use is permissible prior to entering into any form of contract.
Rent Passing
£41,000 per annum exclusive.
Premium
Offers invited (Goodwill, fixtures and fittings included)
Legal Costs
Each party to be responsible for their own legal costs.
VAT
Please note that VAT will be chargeable.
Viewing
Strictly by prior arrangement with sole agents Hindwoods as staff are unaware.