8-9 Streatleigh Parade, Streatham... Retail property (high street) to rent - £3,667 pcm (£846 pw)
8-9 Streatleigh Parade, Streatham High Road, London, SW16 1EQ
£3,667
-
225
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Features
Lease assignment - renewable lease expiring 2031Lease premium £100,000 - offers considered for a quick sale
Annual rental £44,000 per annum exclusive
Floor areas: 1,775 sq ft ground floor (including kitchen & storage) plus 652 sq ft lower ground storage - total 2,427 sq ft
Prominent wide double frontage
Open plan customer area with rear kitchen and rear loading
Ideal for a range of cafe/restaurant occupiers - kitchen includes an existing extraction system
Visible junction location - high volume of passin
Description
DescriptionThis is a rare opportunity to secure a fully fitted cafe/restaurant in a prominent Streatham Hill location (with a premises/alcohol licence until 1am).
The double frontage unit offers an open plan layout in the primary sales area with a rear kitchen (including extraction) and cold room. The unit also benefits from rear loading.
The unit is ideal for a cafe/restaurant brand and is available on the basis of a lease assignment
The existing lease is renewable/inside the Landlord & Tenant Act and is due to expire in 2031. The next rent review is in 2026.
We have been advised rent is not subject to VAT, building insurance is £2,200 and there is no service charge.
The lease assignment is subject to a premium of £100,000, a current passing rent of £44,000 per annum, a 6 month rent deposit, rent payable quarterly in advance and the landlord's lease assignment costs.
Business Rates : (London Borough of Lambeth)
Location
Great location - 8-9 Streatleigh Parade is located on Streatham Hill (A23) which is one of the primary road routes connecting south/south west London to west/central London and benefits from a high volume of passing vehicle traffic.
The unit is located on Streatham Hill - just south of the junction with Leigham Court Road - nearby occupiers/brands include Co-Operative and Tesco Supermarkets, Stirling Ackroyd, Mail Boxes and Firezza
A number of bus routes also serve this section of the A23 and the unit is opposite Streatham Hill Rail Station.
Streatham Hill Station connects to London Victoria and London Bridge Stations.
Viewings
By appointment with Stirling Ackroyd
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