Description -

The premises occupies a prominent and unique location on the banks of the River Thames. The café/restaurant has part brick and part painted brick elevations under a pitched and tiled roof. There is a large outdoor part covered terrace and garden area providing additional seating with scenic views along the river. The premises benefits from a car park at the front of the property.

INVESTMENT SUMMARY

The property is currently occupied by Waterfront Café Benson Ltd for a term of 20 years from 23rd August 2022 at a rent of £60,000 per annum. There are rent reviews on every fifth anniversary of the term commencement date subject to a maximum increase of 120% at each review date.

Accommodation -

The premises provide the following accommodation measured on an approximate net internal area basis:

Café / Restaurant: 121.91m2 / 1,312.24 sq ft
Kitchen: 19.31 m2 / 207.85 sq ft
Stores: 14.48 m2 / 155.86 sq ft

Total: 155.70 m2 / 1,676 sq ft

There is also a large outdoor terrace and seated area next to the river.

An extension has been added to the café which has not been measured and is assumed to be a tenants improvement.

Terms -

Our clients seek £1,250,000 for their freehold interest. The property is elected for VAT.

DUE DILIGENCE
Any interested parties will be required to provide company information and proof of funds to comply with anti money laundering legislation.

Rateable Value -

The Valuation Office indicates a Rateable Value as of 1st April 2023 of £18,500. Rate in the £ for 24/25 is 49.9p

Energy Performance Rating -

The EPC rating for this property is B-41.