8-9 Streatleigh Parade
Streatham High Road, London, SW16 1EQThe Space
RESTAURANT/CAFE OPPORTUNITY - OPPOSITE STREATHAM HILL STATION, SW16.
At a glance
| Property Type | Retail |
| Tenure | Lease Assignment |
| Size | |
| Rent | £44,000 per annum |
| Business Rates | £18,962 per annum |
| Service Charge | n/a |
| Energy Performance Rating | This property has been graded as B (50) |
Streatham Hill
1 min
Streatham
16 mins
Tulse Hill
19 mins
West Norwood
21 mins
Streatham Hill
1 min
Streatham
16 mins
Tulse Hill
18 mins
West Norwood
22 mins
Key Points
- LEASE ASSIGNMENT - RENEWABLE LEASE EXPIRING 2031
- LEASE PREMIUM £100,000
- ANNUAL RENTAL £44,000 PER ANNUM EXCLUSIVE
- PROMINENT WIDE DOUBLE FRONTAGE
- OPEN PLAN CUSTOMER AREA WITH REAR KITCHEN AND REAR LOADING
- IDEAL FOR A RANGE OF CAFE/RESTUARANT OCCUPIERS - KITCHEN INCLUDES AN EXISTING EXTRACTION SYSTEM
- VISIBLE JUNCTION LOCATION - HIGH VOLUME OF PASSING TRAFFIC AND OPPOSITE STREATHAM HILL STATION
- FLOOR AREAS: 1775 SQ FT GROUND FLOOR (INCLUDING KITCHEN & STORAGE) PLUS 652 SQ FT LOWER GROUND STORAGE - TOTAL 2427 SQ FT
Description
This is a rare opportunity to secure a cafe/restaurant unit in Streatham Hill.
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 3 month rent deposit, rent payable quarterly in advance and the landlord s' lease assignment costs.
Business Rates : https://www.tax.service.gov.uk/business-rates-find/valuations/start/91488075 (London Borough of Lambeth)
The 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 & 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
