Unit 7 comprises the former Griffin Inn Assembly Rooms which have been converted into a restaurant premises arranged over ground and first floors with a first floor dining room. The kitchens are situated at first floor level benefitting from a food elevator. There is also an outside courtyard seating area overlooking the Hogsmill River. Other traders within the Griffin Centre and close by include Patisserie Valerie, Laura Ashley, Mimosa coffee shop, Poor Boys restaurant and The Rose Theatre.
Location
The Griffin Centre is a Grade II listed building which was historically used as a coaching inn and has been transformed into a shopping arcade situated directly off Kingston’s ancient market square making it the third largest shopping centre in greater London with an estimated 1.4 million sq ft of retail space. The Griffin Centre faces the junction of the High Street and Eden Street with pedestrian access leading to Charter Quay and the Thames riverside walk.
Accommodation
The premises benefits from the following approximate net internal floor areas:
Ground Floor - Restaurant - 94.24 sq m (1,014 sq ft)
First Floor - Restaurant - 125.28 sq m (1,348 sq ft)
First Floor - Mezzanine - 40.71 sq m (438 sq ft)
First Floor - Kitchens - 51.30 sq m (552 sq ft)
TOTAL - 312 sq m (3,352 sq ft)
Terms
Tenancy - Our client is offering the property to let on a new Full Repairing and Insuring (FRI) lease on a term to be agreed by way of negotiation.
Planning - A ground and first floor unit with A3 use, in accordance with the Town and Country Planning Act 1987 (as amended).
Tenure - Leasehold
VAT - VAT is applicable.
Proposal - We are instructed to seek offers Year 1 £50,000 p.a, year 2 £55,000 per annum, Years 3, 4 & 5 £60,000 per annum. The landlord will also grant a rent free period of six months, and contribute £25,000 to works.
Business Rates - We are advised that the correct rateable value is £50,000, tenants are strongly advised to contact the Local Authority (Royal Borough of Kingston upon Thames) for the appropriate business rates.
EPC - The commercial unit has an EPC (Rating of E-105).