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Restaurant for sale

Barking Road, London

Under Offer £20,000

Property Description

Key features

  • A3 lease for sale including rental income from 2 x 2 bedroom flats above the property
  • Located on the popular Barking Road on the junction of High Road North in East Ham
  • 60/80 covers
  • Alcohol licence
  • Rental income from flats approx 30K
  • 4.5 star rating on Trip Advisor

Full description

Tenure: Leasehold

Garrison Property are delighted to offer this A3 lease for sale (Including rental income from 2 x 2 bedroom flats above the property), located on the popular Barking Road on the junction of High Road North in East Ham.

The subject property is currently trading as an Indian restaurant with 60/80 covers and comes with 2 x 2 bedroom flats which generate an income of approximately £30,000 per annum. The property also benefits from a fully fitted kitchen, a basement, male and female WC`s, rear parking and an alcohol licence. The restaurant currently has a 4.5 star rating on Trip Advisor and due to its location would attract a lot of passing trade.

Rent: £20,000 per annum
Premium: £80,000
Rates: £7,500 per annum
Lease: 2.5 years` renewable (open lease)
Takings restaurant: £3,500 - £4,000 per week (Approx)
Income from rental of flats: £30,000 per annum (Approx)

Size: (Approx)

Seating area: 16.5ft x 47.5ft (783 sq ft)
Kitchen: 20.6ft x 16.9ft (348 sq ft)


Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.


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