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116 Upper Tooting Rd 1,150 SF of Assignment Available in London SW17 7EN
Assignment Highlights
- Great transport links
- Great local amenities
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 1,150 SF | Jun 2041 | $42.03 /SF/YR $3.50 /SF/MO $48,330 /YR $4,027 /MO | Fully Repairing & Insuring |
Ground
Premium: £150,000 OIRO Premium Restaurant Opportunity On Upper Tooting Road, SW17 Residenza is pleased to offer this Class E restaurant premises currently trading as a premium steakhouse in the heart of Tooting. The business is not included in the sale and the property is available by way of premium. The premises extend to approximately 1,150 sq ft and comprise two dining areas with circa 40 covers, a large commercial kitchen, freezer room, and two customer toilets. Location: Upper Tooting Road, SW17 7EW Rent: £36,000 per annum Lease: 15-year renewable lease Rent Review: Every 5 years Premium: £150,000 OIRO Business Rates: To be confirmed Legal Costs: Incoming party to bear own and freeholder's legal costs The current operator has occupied the premises for over 15 years and is selling due to personal reasons. We are advised that the business generates approximately £40,000 per month in turnover. Viewings strictly through Residenza. Proof of funds required.
- Use Class: E
- Assignment space available from current tenant
- Located in-line with other retail
- Space is in Excellent Condition
- Private Restrooms
- Demised WC facilities
- Lots of natural light
- WC facilities
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing broker for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
Select Tenants at 116 Upper Tooting Rd, London, LND SW17 7EN
- Tenant
- Description
- UK Locations
- Reach
- Casual Hospitality Management
- Restaurant
- 1
- -
- Steakout
- Restaurant
- 1
- -
| Tenant | Description | UK Locations | Reach |
| Casual Hospitality Management | Restaurant | 1 | - |
| Steakout | Restaurant | 1 | - |
Property Facts
| Total Space Available | 1,150 SF | Gross Leasable Area | 1,150 SF |
| Property Type | Retail | Year Built | 1930 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 1,150 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 1,150 SF |
| Year Built | 1930 |
Features and Amenities
- Security System
- Energy Performance Rating - D
- Storage Space
Presented by
116 Upper Tooting Rd
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