ADDRESSFrench Tarte, 45 High Street, Teddington, Greater London, TW11 8HA
TYPERetail, Retail - High Street, Restaurant/Cafes
POSTED ON28th January 2020
LOCATION: The premises are located in a prime trading position in Teddington which is an affluent South West London suburb.
The busy High Street has a variety of independent and established businesses, restaurants and cafes to include Marks and Spencers Foodstore, Waterstones, Jigsaw and Budgens.
DESCRIPTION: The property comprises a well-established Café/Patisserie with attractive display window frontage.
The interior of the premises comprises an open plan seating area for approximately thirty covers together with a serving counter. There is a small fitted kitchen to the rear as well as a washroom facility.
A full list of fixtures and fittings to be included in the sale can be provided upon request.
The Café has a Net Internal Area of approximately 500 square feet (46.4 square metres).
PLANNING: The premises has the benefit of A1 Retail Use. Applicants interested in alternative planning uses should make initial enquiries to Richmond Planning Department on 020 8891 1411.
BUSINESS RATES: The annual business rates payable for the year ending 31st March 2020 are £9,576.
LEASE: The property is currently held on a full repairing and insuring Lease for a term of five years from 24th June 2019 and inside all provisions of the Landlord and Tenant Act 1954 Part Two.
ANNUAL RENT: £19,000 per annum exclusive. The annual rent increases by £500 per annum until the expiry of the Lease in June 2024.
TERMS: The benefit of our clients Lease, goodwill, fixtures and fittings are offered for assignment/sale.
PREMIUM: Offers invited in the region of £45,000.
EPC: An EPC has been commissioned and will be made available to interested parties.
LEGAL COSTS: The incoming Assignee/Tenant to cover all of the legal and professional costs relating to this matter.
FURTHER DETAILS/VIEWING: By appointment only with Sole Agents, Wallakers Commercial on 020 8399 5381.