Nando’s, Putney

 

148 Upper Richmond Road, Putney, London, SW15 2SW

Offers in excess of
N/A
Sold
Type - Commercial
Tenant type - Restaurant
  • Tenure: Freehold
  • Gross Rent: £90,000
  • VAT applicable?: Y

Property Description

  • The property is arranged on basement, ground and two upper floors, to provide a restaurant on ground and part first floor, with ancillary accomodation in the basement and self contain office space on the remaining upper floors.
  • The property benefits from rear service access and car parking for 2 cars.
  • Accomodation (Sq Ft): Gross Frontage – 30’2″, Basemen – 592 sq ft, Ground Floor – 1539 sq ft, First Floor – 1189 sq ft, Second Floor – 495 sq ft.

Location Description

  • Putney is a popular suburb located on the south side of the River Thames, some 6 miles south-west of Central London.
  • The area enjoys exellent communications, with easy access to the A3 and A406, and being served by an underground and mainline railway station.
  • The property is situated on the busy Upper Richmond Road in a mixed commercial and residential area.
  • Occupiers close by include Pizza Express, Holmes Place, William Hill and Dominos

Additional Notes

  • Tenant: Nandos Chickenland Ltd untill 01/07/29. There are 5 yearly rent reviews which are to open market rental value or a rent equivalent to 2.5% per annum compounded over the first 5 years which equates to £101,826. The lease includes FR&I.
  • The tenant reported pre tax profits £6.462 and has currently 2 new restaurants opening per month

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