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Cleveland Street, Fitzrovia, London, W1T

££52,500 per annum

Restaurant To Let

A3/A5 Business and lease including three residential flats above in the heart of Fitzrovia. The restaurant/takeaway totals 771 sq. ft. over the ground floor and basement, with three flats above totalling 948 sq. ft. over three floors, two of which are currently generating income. The property is very close to Fitzroy Square, one of London`s finest squares, and the BT Tower, and just minutes away from Tottenham Court Road and Goodge Street.

The restaurant is fully licensed, with 30 covers in the restaurant area, and an additional 8 covers in the front forecourt. There is also potential to create additional seating in the basement.

There are 2 one bedroom flats (1st and 2nd floor), each with One Bedroom, one Reception Room, Kitchenette and Bathroom. The 3rd floor flat is a large studio apartment with Kitchenette and Bathroom. The1st 2nd & 3rd floor flats are let out.

Rent: ?52,500 per annum

Premium: On application

Lease: 25 year lease from July 2017, contracted inside the Landlord and Tenant Act 1954. There will be a rent increase to ?55,000 in 2.5 years, with 5 yearly rent reviews thereafter.

Basement: approx 320 sq.ft.
Ground floor: approx 451 sq.ft. - together with front forecourt.
1st Floor Apartment: approx 346 sq.ft.
2nd Floor Apartment: approx 304 sq.ft.
3rd Floor Apartment: approx 298 sq.ft.
Total: approx 1,719 sq.ft.

Business Rates:

Rateable Value: ?37,000

Rates Payable: ?17,242

Legal Costs: Each party to be responsible for their own legal costs.

Viewing: By appointment through Sole Agents: Next Property Commercial 020 3745 7607

All photographs are provided for guidance only.

Client Money Protection provided by: Propertymark Client Money Protection Scheme (C0123675)


No floorplans available for this property

No EPC available for this property

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