Location Estimated District Population: 220,000 Miles: 8 miles west of Central London 10 miles east of Heathrow
Roads: A4(M), A315, A316, M4
Position The property is located in a prominent corner position on Chiswick High Road (A315) at its junction with Linden Gardens and close to Chiswick Green.
Nearby: Boots the Chemist, Clarks, Phase Eight, Baby/Kids Gap, Superdrug, Carphone Warehouse, Carluccio’s, All Bar One, Pizza Express, Nando’s, Ask Italian Restaurant and branches of the main banks and building societies
Description DOUBLE FRONTED RESTAURANT and SHOP arranged on the ground floor and basement with a self-contained gym/clinic arranged on the first floor.
Tenure Freehold.
Tenant CAFÉ ROUGE LIMITED with a guarantee from CAFÉ ROUGE RESTAURANTS LIMITED (1)
Lease Term: 25 years from 17th May 1994 Basis: FRI Rent: £200,000 per annum Review: 2014 Expiry: May 2019
(1) Café Rouge trade from over 120 restaurants across the UK. Café Rouge Restaurants Ltd, for the year to 05/10 reported a turnover of £99.7 million, pre-tax profits of £10.3 million and total assets of £134 million. (Source: One Source One-Stop Report and www.caferouge.co.uk)
(2) The ground floor and basement shop have been sub-let to B Ludvigsen Limited (t/a Noa Noa), who we understand have renewed their sublease until 23/06/2014 at a stepped rent, which is currently £35,000 per annum, rising to £40,000 per annum in June 2012. Noa Noa are a ladies clothing retailer and trade from over 160 branches across 22 countries. (Source: www.noanoa.dk)
(3) The first floor gym/clinic are sub-let to The Skin Academy Ltd, with a guarantee, on a lease expiring in May 2019 at a rent of £40,000 per annum.
Rent £200,000 pa
ON THE INSTRUCTIONS OF A MAJOR PENSION FUND
Prime Freehold Restaurant Investment
• Entirely let to Café Rouge Limited with Guarantee
• Lease expires May 2019
• Prominent and prime location on Chiswick High Road
• Affluent London suburb
• Potential to add an additional floor (subject to lease and consents)
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Hill Dickinson LLP. t: 0151 600 8968. e: liam.thomas@hilldickinson.com Ref: L Thomas Esq.