Hampton Court Palace - Investment Opportunity
SUBJECT TO CONTRACT
AG&G are retained by the Crown Estate to sell this well-let freehold restaurant investment opportunity fronting Hampton Court Palace in affluent South West London.
It sits in an enviable position immediately opposite the main entrance into Hampton Court Palace and is within a stone’s throw from the River Thames.
Let in its entirety to Blubeckers Limited, a wholly owned subsidiary of Restaurant Group plc, who currently operate over 400 restaurants and bars. The rent payable is £65,000 per annum and is let on a 20-year lease from 6th January 2014. There are no open market rent reviews - however the rent is subject to review every 5-years in line with the RPI (capped and collared annually at 1.5% and 4%).
Recent rental settlements locally would suggest the rent is very reversionary.