Lease for sale for a corner cafe location in Marylebone, London. Fully licensed with own outdoor terrace. Internal kitchen wall is non-structural which can be removed to create a bigger seating area or use as a large kitchen hub.
Potential for alternative uses subject to permitted development rights or planning.
Lease Terms: Assignment of lease, expiring March 2028 at a current rental of £34,900 pax, with stepped annual increases of £1,200 pax (from March 2021), until next Rent Review in March 2025.
The lease is held inside the Landlord & Tenant Act 1954.
Fixtures and Fittings to be agreed.
Only the leasehold is being sold, Not. The company.
Location. : The premises are located in Marylebone, just off Seymour Place, close to Marylebone Road and the junction with Crawford Street. Walking distance to Edgware Road and Marylebone Stations.
Within minutes walk from Seymour Leisure Centre and London Business School.
Accommodation: Arranged over ground floor, plus external terrace to the front, with the following approximate areas:
Ground Floor = 521 sq ft.
External Terrace = 113 sq ft.
Total Net Internal Area = 521 sq ft (48.42 sq m)
Legal Costs: Buyer to meet seller's legal costs, and 50% landlord's legal cost.
Reason for selling. : Owner is moving back to the US to join family business.
Serious applicants with available capital may contact for more information.
- Fully Fitted
- Accounts Available
- Prime Location
- Close to Local Amenities
- Price Further Reduced
- Established Business
- Potential for Alternative Use
- Attractive Business
- Offers Invited