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Western Gateway, London

Offers in Region of £1,250,000
5,043 sq. ft.

Property Description

Commercial information

  • 5,043 sq ft (468 sq m)
  • Use class orders: A3 Restaurants and Cafes

Key features

  • Warren Anthony Commercial are delighted to bring to the market it offered in the very strictest of confidence with the staff please note unaware of any possible sale this cutting edge Italian restaura
  • It offers a truly excellent dining experience in a typically rustic, Italian style for lunch or dinner 7 days a week.
  • The restaurant prides itself in serving high quality, authentic dishes in a relaxed atmosphere making it a wonderful place to meet with friends, family or dine with clients at any time of the day with
  • It is located in the Excel district near to other restaurants and bars with Custom House Underground Station within 5 minutes approx walk a

Full description

Warren Anthony Commercial are delighted to bring to the market it offered in the very strictest of confidence with the staff please note unaware of any possible sale this cutting edge Italian restaurant using we understand ingredients sourced from local markets together with chef's own passion for creating high quality food which provides diners with the freshest and boldest flavours that create a fusion of tastes and bouquets that will leave your taste-buds wanting more.

It offers a truly excellent dining experience in a typically rustic, Italian style for lunch or dinner 7 days a week.

The restaurant prides itself in serving high quality, authentic dishes in a relaxed atmosphere making it a wonderful place to meet with friends, family or dine with clients at any time of the day with every single dish a special one, full of love, passion and explosive Italian flavour.

It is located in the Excel district near to other restaurants and bars with Custom House Station within 5 minutes approx walk away.

Premium with realistic offers considered of £1,250,000 subject to contract this as a guide for the benefit of the lease, goodwill, fixtures and fittings.

Rental £81,500 per annum exclusive.

Lease held by way of a 20 year full repairing and insuring lease from May 2007 subject to 5 yearly rent reviews (with next rent review in September 2017 and thereafter 2022) therefore, just under 10 years approx remaining.

Size 5,043 sq ft approx to include a minimum of 150 covers, fully fitted kitchen, bar and lounge area, male and female toilets. Also 3 car parking spaces. The restaurant it is suitable for pre-booked private functions and can be tailor made to suit your requirements from the layout and decor to the cocktails it can accommodate your every need.

The restaurant they are able to offer fantastic dishes in an a la carte or set menu together with canapes and custom-welcome drinks in a relaxed and comfortable ambience.

Whether it is a family gathering, business product launch, wedding or Christmas party.

Turnover with we understand a current turnover in excess of £1.2 million per annum with accounts to be made available on request.

Staff owner managed with up to 15 full staff.

Opening hours 12 pm - 3 pm and 6 pm - 11 pm 7 days a week.

Business rates with a rateable value of £48,750 with we understand currently rates payable of £30,000 per annum approx rising in April 2018 to£35,000 per annum approx. However, it is recommended that all interested parties make their own enquiries to the local rating department at the London Borough of Newham.

Building insurance currently we understand to be £1,700 per annum approx.

Service charge currently we understand to be £4,500 per quarter payable to include mainly upkeep of the development and surrounding area.

Legal costs to be confirmed.

Warren Anthony will charge a fee of £250 plus VAT for taking up references for any proposed tenant. This fee is non refundable after the references have been applied for whether they are accepted or not by the landlord.

A holding deposit will be required to secure the property. The deposit will buy a period of exclusivity and will be held in the Warren Anthony client account.

Any fixtures, fittings, equipment, machinery and plant which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition.

Warren Anthony for themselves for the Lessors, Vendors and their agents give notice that,

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.

2. These details do not constitute any part of an offer or contract.

3. All statements or details contained within these particulars are without any responsibility on any part to Warren Anthony.

4. All rent, prices, fees and charges are quoted exclusive of VAT.

For more information or appointment to view please contact Warren Anthony Commercial on 01923 220 012.

Important Notice
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.


More information from this agent

Nearest stations

  • Custom House (0.1 mi)
  • Royal Victoria (0.3 mi)
  • Emirates Royal Docks (0.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Warren Anthony Estate Agents, Watford

12 Market Street, Watford, WD18 0PD

01923 909019 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Custom House (0.1 mi)
  • Royal Victoria (0.3 mi)
  • Emirates Royal Docks (0.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Warren Anthony Estate Agents, Watford

12 Market Street, Watford, WD18 0PD

01923 909019 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 27373961. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Warren Anthony Estate Agents, Watford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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