PRIMITIVO BAR IN TEDDINGTON UP FOR SALE
The Primitivo Club on the roundabout between Broad Street and High Street in Teddington is up for sale, we can exclusively reveal today.
The 15 year lease is available for £85.000 which includes all fixtures and fittings in the ground floor space and a kitchen in the basement.
The bar, which specialised in cheese and wine, only opened 18 months ago but is on the market with Rubystone Estates, which has For Sale signs in the windows.
A spokesperson told Teddington Town the location was ‘better suited’ to a business which operated from 10am serving coffee until 10pm rather than just the evening.
The details say:
Location: Situated on the prominent junction of Broad Street and Park Road in Teddington’s lively town-centre. Broad Street/High Street benefits from a number of established retailers as well as a strong selection of independent cafes and restaurants.
The property lies in a well-affluent and established hospitality/ retail pitch which benefits from both local footfall and visitors.
Teddington railway station is within easy walking distance, offering strong commuter access to London and the wider region.
Description: The property comprises a ground-floor commercial unit (with basement) at 84-86 Broad Street, within a four-storey period mixed-use building.
Internally the unit benefits from a full-height glazed frontage, tiled flooring, air-conditioning, alarm system, WC and kitchenette.
The venue is a stylish wine-bar & delicatessen / light dining concept, featuring an extensive artisan wine list, charcuterie and cheese boards, and a relaxed evening atmosphere.
According to patrons:
“What an incredible concept…the wine menu is chosen by experts… friendly service… hidden gem in Teddington.”
Reviews consistently rate food, service and ambience at 4.7-4.9/5 across platforms.
The Business: The business is a renowned restaurant bar offering an attractive artisan menu with a unique wine selection.
Opportunity for value-add: optimise licence hours, open early for breakfast/ brunch/ lunch hours, exploit late opening / events income potential.
Tenure: 15 years lease, expiring February 2039.
Rent: £25,000 per annum.
Licensing Hours: Monday- Saturday 10.00 to 23.00 Sunday 10.00 to 23.00
Premium: Offers on £85,000 for the lease, goodwill, trade fixtures fittings and equipment.