Prime Restaurant Opportunity. Tower Bridge/Tooley Street, London SE1

Transcription

1 Prime Restaurant Opportunity Tower Bridge/Tooley Street, London SE1

2 Tower Bridge/Tooley Street, London SE1 Prime Restaurant Opportunity Planning permission for a restaurant of approx 2,458 sq ft GIA Within ½ mile of The Shard, More London, City Hall and Tower Bridge Opposite Berkley Homes One Tower Bridge development Densely populated area Prominent visual pitch Description A former public toilet with planning permission to demolish and provide a contemporary modern restaurant of approx 2,458 sq ft GIA plus additional decking / outside space. The new restaurant is a detached single storey structure with the consent providing for an open plan eating area at ground floor with kitchen and toilet facilities in the basement. The site is nestled along the south bank of the River Thames just to the south of the iconic Tower Bridge, one of London s most popular tourist attractions and busiest River Thames crossings with an estimated 40,000 people travelling over the bridge each day. Directly opposite is the new Berkley Homes One Tower Bridge Development of c.402 apartments currently under construction and St. Olave s an impressive listed building due to be converted into a 70 bedroom boutique hotel. As part of this development, there is to be a new walkway to encourage pedestrian flow to Potters Fields Park and the river beginning at Queen Elizabeth Street / Tooley Street (directly opposite the restaurant site) leading to the Southern Tower of Tower Bridge. Within ½ mile of the site are other landmarks including The Shard - Europe s tallest building due to open towards the end of 2012, incorporating residential apartments, a 195 bed roomed luxurious Shangri-la hotel, providing office accommodation for approximately 12,000 workers and other additional facilities. London Bridge Train and Tube Station At present the 3rd busiest station in the UK bringing in c.50 million passengers into the City each year. There are major plans underway to further improve and develop the station with a six billion pound planned investment being implemented. More London A new office development between Tooley Street and London Bridge Station that provides headquarters for some of London s leading corporate names including PWC and Ernest & Young with an estimated 20,000 workers operating from the development each day. This development also includes the 245 bedroom Hilton Tower Bridge hotel. City Hall Home to the Major of London, the London Assembly and c.600 permanent staff who work for the GLA. Location The site is the middle of a triangle at the junction where Tooley Street (A200), Tower Bridge Road (A100) and Queen Elizabeth Street meet. Planning/Use Planning permission was granted on 25th October 2011 by the London Borough of Southwark under planning application no. 11/AP/1828 for the demolition of the former public conveniences and the erection of a 1 storey building with basement for Class A3 (cafe/restaurant) use. Any planning enquires should be directed to the London Borough of Southwark on Accommodation Basement 94 sq m / 1,012 sq ft Ground sq m / 1,453 sq ft Total 229 sq m / 2,465 sq ft Service We understand the property is connected to all mains services, however, interested parties are advised to make their own enquires in this regard. Further information The consented plans for the restaurant, a copy of the planning permission and a copy of the lease with title plan are available upon request. Terms The site is held on a 65 year lease from 27 August 2010 at a rent of 25,000 per annum. The freehold is owned by the London Borough of Southwark. The vendors would consider a sale of the leasehold interest or a let of the new restaurant as follows:- For sale A premium with a guide of 500,000 is sought for the site on the basis the leasehold interest is sold and the buyers take on the lease and build the restaurant themselves. or To let A rent with a guide of 80,000 pa for a new FRI lease is sought on terms to be agreed (15-20 years anticipated term) on the basis the current owners build the restaurant to shell and core ready for fit out for the tenants. It is anticipated the build will take 4-6 months. VAT We understand that the site is elected for VAT. Therefore VAT will be charge at the prevailing rate on either the sale premium or the rent. Viewings The site can be inspected without prior appointment.

3 London Bridge Rail & Tube Station City Hall Potters Fields Park Guys Hospital More London Tower Bridge The Shard Shad Thames The St Olave s Boutique Hotel New Potters Fields Park Walkway SITE Berkley Homes - One Tower Bridge Development Bermondsey Street

4 PLAns (Not to Scale) Proposed Basement Floor Plan Proposed Ground Floor Plan

5 (Not to Scale)

6 2nd Floor, Masons Hill, Bromley, Kent BR2 9HD Bermondsey Street, London SE1 3TX Web: This [brochure and its content] is copyright of Acorn Limited All rights reserved. Any redistribution or reproduction of part or all of the contents in any form is prohibited. You may not, except with our express written permission, distribute or commercially exploit the content, nor may you transmit it or store it in any form. Acorn as our vendor s agents have endeavoured to check the accuracy of these sales particulars, but however can offer no guarantee, we therefore must advise that any prospective purchaser employ their own experts to verify the statements contained herein. All measurements are approximate and should not be relied upon. No equipment, utilities, circuits or fittings have been tested.