Takeaway for sale

Longbridge Road, Barking, Essex, IG11

Under Offer 1,700 sq. ft. | £55,000

Property Description

Commercial information

  • Business for sale
  • 1,700 sq ft (157 sq m)
  • Use class orders: A5 Hot Food Take away

Key features

  • Reception floor and Kitchen preparation area (1700 sqft/158 M2)
  • Cold fridge storage
  • Takings: 2,500 pw
  • Seating capacity: 20 (Scope to extend)
  • Surrounded by densely populated area
  • Premium 55,000
  • Leasehold-Lockup
  • Rent: 15,600 pa exclusive
  • CCTV + W/C
  • 5 minutes walking distance from Barking Station

Full description

Tenure: Leasehold

Tenure: Leasehold
Alexandra Mane is pleased to offer for sale this restaurant and takeaway which is fitted out to a high standard and situated in a highly sought after area of Barking and only steps away from Barking Station. The surrounding areas are densely built up with residential property which results in a high demand for local trade. The takeaway is situated on a high street and surrounded by shops, local business. The restaurant is located close to the A124 which benefits from transport links via public and private transport.

Property Description
The property consists of front retail area decorated to a high standard with 20 seating capacity (extendable). This is then followed by customer WC, storage and kitchen area.

Business Description and Takings
The business currently caters for Indian cuisine, grilled tandoori as well as chicken & chips and boasts from a strong residential following within the local community. The business benefits form overhead flues, large cooker range, tandoori oven, fridge and freezer units, dough mixer and other ancillary kitchen utensils and necessities. We have been advised by the vendors that they are currently taking circa 2,500 plus weekly and opening hours 11.00 am -11.00 pm Monday to Sunday. The business is currently being facilitated by four members of staff.

Premium
Vendors are looking for a Premium in the region of 55,000 for goodwill and leasehold interest of his business. Current rent is 15,600 pa exclusive of which 15 years lease is remaining and rent review 4 yearly.

Business Rates
Current business rates 2500 per annum. However, for further information please contact Barking and Dagenham Council.

Lease Lease terms to be confirmed depending on interest.
Legal costs Tenant is liable to pay for landlord's solicitors cost.

Viewings Strictly by appointment only.
Subject to Contract
All Enquiries through Agent
Alexandra Mane
Mob: 074 6210 0177
Tel: 020 3865 0218

More information from this agent

Nearest stations

  • Barking (0.2 mi)
  • Upney (0.8 mi)
  • Ilford (1.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Alexandra Mane, London

Unit S1, 776-778 Barking Road, London, E13 9PJ

020 3858 2542 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

  • Barking (0.2 mi)
  • Upney (0.8 mi)
  • Ilford (1.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Alexandra Mane, London

Unit S1, 776-778 Barking Road, London, E13 9PJ

020 3858 2542 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.

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