New free of tie lease in character part fitted pub/restaurant in Pimlico. Arranged over ground and basement (total GIA appox. 2,702 Sq Ft).
A prominent end terrace property of brick construction with decorative stucco elevations benefitting from pavement seating area to front. The property is arranged over ground and basement only; the residential uppers are not included. We understand the property dates back to the mid 19th century.
The ground floor provides an open plan customer area with marble-top bar servery to right side. The interior design is contemporary with part wood paneled walls and fixed banquette seating. The basement provides further trade kitchen area, storage and customer WCs; features include basement vault arches with direct street access via external stairwell. . There is potential to convert the basement in to further customer areas (subject to consents).
Externally to the front of the property is a seated area for approximately 20 covers.
The property is closed, however, we would recommend a customer visit to the area if not familiar. Viewings are to be made by appointment with the sole letting agents, Savills via the Licensed Leisure team.
A new free of tie lease is available with rental offers invited in the region of £50,000 pax and terms to be agreed. VAT and Stamp Duty Land Tax may be applicable.
The property is entered on the 2017 Ratings List with a Rateable Value of £46,000. The UBR for 2020/2021 is 0.49p/£. Please check voa.gov.uk for updated information.
Planning and Conservation
The property is Grade II listed and located in the Pimlico Conservation Area. Energy Performance Certificate rating D-86.
The property benefits from a licence permitting the sale of alcohol Monday to Saturday 11:00 - 23:00 and Sunday 11:00 -22:30. We understand that the main external drinking area is within the external demise; parties may wish to establish if a pavement licence is required (annual fee payable).
|Floor / Unit||Type||Size||Status|
|Basement||Pub||1905 sq ft||Available|
|Ground||Pub||797 sq ft||Available|