Ash Ave 1,982 - 4,160 SF of Assignment Available in London SE17 1GQ

The beautiful restaurant designed by Richardson Studio benefits from a highspec fit-out, originally undertaken at a cost of circa £500,000. The unit is fully equipped with three-phase electrics and commercial gas, a fully installed HVAC system, and a large walk-in cold room. Kitchen extraction is in place for pizza oven use, with the centrepiece being a Marana Forni rotating gas pizza oven (approximate value for an equivalent new oven would be £25,000). The quality of installation ensures the premises are effectively turnkey for an incoming operator however should an operator wish to offer a different (non pizza based cuisine) there is an existing duct already in place which could be re-instated. LEASE Available by way of an assignment of the existing 15 year lease expiring in 2036 subject to 5 yearly rent reviews. It is understood that the lease is contracted outside the security of tenure and compensation provisions of the Landlord & Tenant Act 1954. RENT £66,000 pax PREMIUM Premium on application to include all fixtures and fittings excluding branded items, the tills and beer lines. LICENSE We are advised that the premises license permits the sale by retail of alcohol both ON & OFF the premises from 9am until 2300 throughout the week. A copy of the license is available on request. BUSINESS RATES Rateable Value - £45,250 UBR - 0.499, Rates Payable - £22,579 - Interested parties are advised to verify the rates with the local authority.

Fully fitted restaurant & bar which was fitted out from shell condition in 2022 at a cost in excess of £500,000. The premises are arranged over the ground floor only with circa 75 covers internally and 25 on the terrace. The premises benefits from full kitchen extract, 3 phase electrics and commercial gas (note all cooking equipment is currently off electric) . The quality of installation ensures the premises are effectively turnkey for an incoming operator. THE BUSINESS The premises are available by way of a lease assignment. Alternatively as a business sale (100% share transfer) when sold together with the sister site in Clapham. The turnover for both sites combined is circa £1.5m pa. More details on request. LEASE Available by way of an assignment of the existing 15 year lease expiring in 2037 subject to 5 yearly rent reviews. It is understood that the lease is contracted outside the security of tenure and compensation provisions of the Landlord & Tenant Act 1954. RENT £95,000 pax PREMIUM Premium on application to include all fixtures and fittings LICENSE We are advised that the premises benefits from a favorable 1am premises license allowing on and off sales, live music, the sale of alcohol without food and vertical drinking. A copy of the license is available on request. BUSINESS RATES Rateable Value - £53,500 UBR - 0.555, Rates Payable - £29,415 - Interested parties are advised to verify the rates with the local authority.