pid=4822446&sessionGUID=d630daf2-767d-449b-a34e-2921f8474d50&town=&town=&

Property for Sale

 
£500,000
Baker Street, Marylebone NW1

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  • 0 bedrooms
  • 0 bathrooms
  • 0 receptions

LOCATION:
Situated on the corner of Baker Street and Melcombe Street, London NW1, just north of Marylebone Road.
An abundance of local shops, surrounded by a number of affluent residential blocks of flats and well supported by local buses and underground stations including Baker Street and Marylebone Stations.
Prominent tourist attractions include Regents Park, Madame Tussauds, Beatles Shop, Sherlock Holmes Museum
World renowned colleges including London Business School, Regents Park University and Westminster University.

DESCRIPTION
A3 Shop lease for sale set on the ground floor of an upmarket modern residential block. (A1 use also possible)
Currently trading as a Restaurant specialising in various Savory crepes, Italian Ice cream sundaes, waffles, smoothies, sandwiches and hot drinks;
Trading Name: Sweet Liberty
Trading hours: 7 days per week until 9.00pm; weekdays from 8.00am, Saturdays from 9.00am; Sundays from 10.00 am Prominent corner commercial ground floor premises with outside seating area
Recently newly refurbished to high specifications

ACCOMMODATION
Gross Internal areas 1443 sq ft (i.e. 134 sq m)s generous sized modern counters and equipment, TV screens and CCTV
Includes internal shop area of 66’2’’ x 18’4’’ (i.e. 20.2, x 5.6m) –
Currently laid out generously with 23 tables/46 chairs
Fully fitted Kitchen & prep area: 12’10’’ x 8’4’’ (i.e. 3.9m x 2.5m) plus large walk in Freezer 6’7’’x 6’7’’ (i.e. 2m x 2m).
Two toilets (one being for disabled/mother room)
Approval granted for outside seating up to 9 tables/ 36 seats

AMENITIES
Air conditioning
CCTV cameras throughout
Various storage cupboards
Up to date electric compliance testing
Full fire safety checks carried out
Informal agreement with the Landlords that includes one Parking space and one storage space (both underground and secured).

LEASE
Rent: £115,000 + VAT per annum
Term of 25 years from 10 October 2018
Within the Landlord and Tenant Act (1954)
Tenant only ‘break clause’ every 5 years from 10 Oct 2018 (subject to one year notice)
Rent increases capped to 5%
Option to renew for a further 25 years from 10 October 2043 (Rent increase capped to 10%)
Service rent: £650 per annum from 10 October 2023

RATES
Interested parties to make their own enquiries (Westminster Council)

ENERGY PERFORMANCE ASSET RATING
C (68)

PREMIUM
£500,000 subject to contract
To include assignment of lease (either to continue the same trading name or new name), all fixtures, fittings, equipment and furniture

LEGAL COSTS
Each party to be responsible for their own legal costs

VIEWINGS
All viewings to be strictly through our agency by appointment

 
Call +44 (0)20-7372 3000 quoting ref: 4822446
 
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