Commercial Investment
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TAS PIDE RESTAURANT
20-22 NEW GLOBE WALK
LONDON SE1 9DR
• Busy trading position
• Currently producing c. £83,500 p.a. excl.
• Reversionary potential
• Let to quality covenant
• 17 years 7 months unexpired
• Ground oor only
Description
The property is of modern concrete block construction with clay facing bricks with concrete doors.
Internally there is a good quality -t out with plastered and painted walls together with ornate exposed beams.
External seating covered by an awning enables al fresco dining throughout the summer.
Description Location
The property is situated directly opposite Shakespeare’s Globe on New Globe Walk.
Located on the main pedestrian route between the Millennium Bridge, the Tate Modern Gallery and St. Paul’s Cathedral.
The occupiers enjoy a large passing and local trade which offers extended trading opportunities.
The restaurant is well serviced by public transport as it is within walking distance to Blackfriars, Cannon Street and London Bridge stations.
The Northern, Jubilee, District, Circle and Central lines are all within a short distance of the property.
New Globe Walk is host to quality occupiers including Starbucks, Pizza Express, Biagio and Clinks Bar.
999 year lease from 24th June 2001 at a peppercorn rent.
Our client holds the 999 year Leasehold Interest on the ground floor from 24th June 2001, subject to a peppercorn rent but with some liability to additional rent for service and maintenance charges and insurance for the ground floor only.
SALE PROCEDURE
Private Treaty.
ACCOMMODATION & TENANCY SCHEDULE
TENANT LEASE TERMS - 25 years from 03/07/02 APPROX. FLOOR AREA - 1850 sq.ft
CURRENT RENTAL - £83,500 NEXT REVIEW - July 2012
Tas Restaurants Limited. T/A Tas Pide
Please Contact PL2L for more info on:
Schedule of Tenancies and Accommodation - The Royal Arcade, Norwich
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