Description

The premise is located over ground and lower ground floor, with a total floor area of approximately 1,542 sq ft. The unit has a well proportioned frontage of circa 6.5m onto Praed Street. The
premises has previously been used as a restaurant and benefits from A3 use. The ground floor comprises of the main dining area and kitchen, with the lower ground floor providing additional seating and customer toilets, as well as storage and plant facilities.

TO LET
Restaurant / Retail opportunity
1,542 sq ft (143 sq m) Approx
6.5m frontage
Asking: Offers over £185,000 pa

Measurements

Location

Located in the heart of Paddington on the north of Praed Street and at the junction with London Street which connects to Paddington Station. The area forms part of the Paddington Opportunity Area (POA), with the unit being located next to the large scale Paddington Square development.

Paddington station is situated on the property’s doorstep and provides great connectivity with National Rail and London Underground services. Heathrow airport is accessible within 30 minutes via the Heathrow Express, and the opening of Crossrail will create even greater connectivity.

Local amenities are exceptional with a mix of restaurant and retail occupiers. McDonalds have relocated from the unit and now occupy a larger premises opposite the unit.

Highlights

– No premiums
– Excellent transport links
– High footfall
– Great location
– E / A3 use
– 1,542 sq ft
– New lease
– Available now

Terms
Offers over £185,000 pa
Lease type – New FRI
Term – 10 year lease with a 5 year
break

Business Rates
The property has a rateable value of £113,000 pa, reflecting rates payable of circa £57,850 pa.

Legal Costs
Each party is to pay their own legal costs.

Possession
Full vacant possession immediately on possession of legal formalities

Download Brochure

Contact Details

For further information or to
arrange a viewing please contact:

Craig Van Straten
07763 928 238
craigvanstraten@johndwood.com

Jacob Haftel
07392 198 496
jacobhaftel@johndwood.com

George Cracknell
07384 897647
georgecracknell@johndwood