Summary - 50, KENNINGTON ROAD SE1 7BL
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Established family-owned bakery and sandwich shop with over 25 years of operation.
- Busy high street location near the Imperial War Museum and Lambeth North Underground Station.
- Large space of 7,837 sq ft with potential for alternative use, subject to planning permission.
- Fully equipped with ovens, freezers, and necessary baking machinery included in the sale.
- New 20-year lease with an initial rent of £16,000 per annum.
**Summary:**
Fruit Cake Patisserie is an inviting retail property located at 50 Kennington Road, London, SE1, benefiting from significant foot traffic in a vibrant urban setting. This well-established bakery presents a unique investment opportunity as the current owners retire after 25 successful years. With a total space of 7,837 sq ft, including dedicated food preparation and storage areas, the property offers substantial room for business expansion or reconfiguration. The potential to diversify the business by updating menus and services is strong, capitalizing on the high customer volume from nearby offices and hotels.
While the bakery is in good operational condition, the existing leasehold status (20 years remaining) may pose challenges for certain mortgage lenders. It’s also important to note that the area has high crime rates, which could impact business dynamics. However, its superb location near cultural landmarks and accessible amenities highlights its appeal for future growth. Whether you’re a seasoned investor or a first-time buyer looking to make your mark in the food industry, this property holds exceptional promise. Act quickly; opportunities like this in such a sought-after locale are rarely available for long!
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