5/18/2018 | Restaurants

Restaurant unit on Portobello Road on the market through Christie & Co

Specialist business property adviser Christie & Co has been instructed to dispose of the leasehold interest of a recently refurbished restaurant on the renowned Portobello Road near Ladbroke Grove.

The 750 sq ft unit is in excellent working condition, with a simple and modern trading space for up to 34 covers and a fully fitted high spec commercial kitchen. The premises benefits from both an on- and off-license, and there is no restaurant condition on the premises license, offering a range of business options for a new owner. 

Located in the affluent and highly desirable area of Notting Hill, famous for its trendy pubs, bars and restaurants, the site enjoys a high level of footfall. With other nearby venues including Core by Clare Smyth, Tonkotsu, E&O and 108 Garage, and being in close proximity to Portobello Market, the unit could be designed to suit either the upmarket or casual clientele in the area.

The current business, which operates as a trendy, informal dining concept, is not included within the premium, and the tenants, who are looking to move on to refocus on their original site, comment, “It was important for us to find an agent with experience at all levels of the hospitality market, and Christie & Co fit the bill perfectly.”

Will Langton, Business Agent at Christie & Co who is handling to sale, comments, “This is a great opportunity for a purchaser to acquire a premise in excellent condition having recently been renovated to a high standard with a lengthy and protected remaining term. The unit will be available with vacant possession and provides a prospective operator the opportunity to build on current foundations laid by the exiting tenant in an enviable area in Central London.” 

The leasehold of the unit is on the market for an asking price of £75,000.