Leasehold Assignment
Wed 09/03/22 at 11am GMT
5,070 sq ft
Hilco Global Real Estate Advisory are instructed to seek premium offers for the assignment of this prominently positioned public house lease, formally trading as Roxie Steak and Tap.
The property is situated on the western side of London Road in the heart of Twickenham town centre, adjacent to Café Nero. Twickenham station is 350 metres away.
A period building arranged over ground, basement and two upper floors, arranged as a restaurant/tap room and kitchen to the ground floor, W/Cs and ancillary storage on the first floor, a flat to the second floor and storage to the basement. There is a small yard to the rear with a timber building providing additional kitchen accommodation.
The accommodation is of a timber/tiled floor, timber panelled/painted elevations, a combination of chairs/tables and booths, with the bar and the kitchen to the rear.
The restaurant offers approximately 94 covers.
We understand the accommodation to comprise the following:
As a public house for the sale of tied drinks and other drinks (but not as a Wine Bar or Cocktail Bar or Tea House or Coffee Shop or Restaurant) with (but ancillary to such use) the sale of both hot and cold food and the provision of accommodation for short term paying guests.
Held on a full repairing and insuring lease for a term of 15 years from 28th November 2016 a current rent of £60,000 per annum subject to a rent review in November 2026.
The lease includes a tie to Red Star Pub Company Ltd.
A rent deposit of £30,000 has been lodged with the landlord.
Energy Rating: D 94
Rateable value – £60,600
Each party is to bear their own legal costs.
Various items of furniture and equipment are to be included. A schedule is available on request.
Premium offers are invited for the leasehold interest to include furniture and equipment.
Offers are to be submitted by 11am on Wednesday 9th March 2022.
