London, SW5, 241 Old Brompton Road

• selsian leisure property consultants

CONFIDENTIAL DISPOSAL – STAFF UNAWARE RESTAURANT FOR SALE – 1,344 SQ FT (125 SQ M)

241 OLD BROMPTON ROAD, EARL'S COURT, LONDON, SW5 9HP

LOCATION The restaurant occupies a prominent pitch on the north Western side of the Old Brompton Road, one building away from the junction of Earls Court Road, with numerous other popular restaurants and bars located in immediate vicinity, including Balans, Strada, O’Neils and Mr Wing. Nearby underground stations, within walking distance, are Earls Court which is approximately 350m away (District & Piccadilly Lines) and West Brompton, about 450m away (District & London Overground Lines).

DESCRIPTION The ground floor area has two separate stairwells into the basement, a fully equipped bar and servery with a rear conservatory dining area. The restaurant is in good decorative order, trades as an authentic Thai Restaurant and is currently laid out to seat 60 covers, however there is space to accommodate an additional 10 covers if required. The lower ground floor consists of a private dining area, customer toilets and fitted trade kitchen with a walk in fridge and storage in the vaults. The approximate GIA floor areas are: Ground 659 sq ft / 61 sq m Basement 685 sq ft / 64 sq m Total 1,344 sq ft / 125 sq m

PREMISES LICENCE We are advised by the Royal Borough of Kensington & Chelsea that the property has the benefit of a Premises Licence that allows the sale of alcohol on or off the premises with a terminal hour of midnight and 11.30 on Sunday. This licence has standard restaurant conditions attached to it.

BUSINESS RATES The VOA website advises that the current Rateable Value is £39,750 which at 43.4 p in the £ gives rises to rates payable of approximately £17,500 (excluding supplements) for 2011/2012.

TENURE & PRICE The property is held by a Full Repairing and Insuring Lease for a term of 20 years from 2009, is subject to 5 yearly rent reviews (the next in 2014) and at a rent of £35,000 pa. It is understood that the lease is granted outside the Security of Tenure Provisions of the Landlord and Tenant Act 1954, pa. Our clients are seeking £100,000 subject to contract for their lease, licence and all trade fixtures and fittings in situ.

PLEASE NOTE All figures quoted are exclusive of VAT which could be chargeable on the rent, rent deposit and premium / price, no services or equipment have been tested, no trade is sold or warranted, the trading name "Mangosteen" is specifically excluded from the sale, an EPC is available upon request, possession will be granted only upon completion of the legal formalities and each party is to bear their own legal costs.

For further information contact Stephen Bagatti on [email protected] / 07594 097 078

MISREPRESENTATIONS ACT 1967 & PROPERTY MISDESCRIPTIONS ACT 1991 These sales particulars and enclosures are intended only to give a fair description of the property and do not form the basis of any contract or any part thereof. The descriptions, dimensions and all other information are believed to be correct but their accuracy is in no way guaranteed. The purchaser or lessee will be responsible for satisfying themselves on all matters relevant to any developments he/she may propose to carry out and neither the Vendors nor their agents accept liability in respect thereof. These particulars do not constitute any part of any offer or contract. The Vendors do not make or give, nor does any other person in their employment have any authority to make or give, any representations or warranty whatsoever in relation to this property. These details are believed to be correct at the time of compilation but may be subject to subsequent amendment.