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Bar / Nightclub for sale

Station Road, London, E4

Offers in Excess of £165,000
554 sq. ft.

Property Description

Commercial information

  • 554 sq ft (51 sq m)

Full description

Tenure: Leasehold

The building is situated on the Station Road "Riviera", in Chingford close to the Connaught Avenue junction. Chingford Network Rail Station is directly opposite the building. The immediate area is well known for its lively and vibrant restaurants.

The available accommodation comprises of a ground floor open plan bar with forecourt area together with a split level self contained 3/4 bedroom maisonette over 3 floors with rear access via a garden.

We understand that the premises are licenced to midnight excluding Friday & Saturday which is 2am.

This is an excellent opportunity to take over an existing business with scope to improve.

Full details available upon request.

An assignment of our clients lease is available to expire 20 May 2029 (next review 21 May 2016) at a current passing rental of 38,000 subject to periodic reviews. The lease is contracted inside the L & T Act ie renewable.

All rents, prices and premiums are exclusive of VAT under The
Finance Act 1989. Accordingly, interested parties are advised to
consult their professional advisers as to their liabilities, if any, in this direction.

Premium: OIRO 200,000 for the benefit of the lease, business and fixtures and fittings.

We are verbally informed that the following rates for the current financial year apply:

Flat (Band C) 1,286.41 payable.
Bar 5,280.00 payable.

Interested parties are encouraged to make their own enquiries to LBoWaltham Forest (020 8496 3000) in this regard.

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