Restaurant to rent461 London Road
£1,580 pcm| £365 pw
- LONG ESTBALISHED RESTURANT
- LEASE INCLUDES ONE BEDROOM FLAT
- AMAZING LOCATION
- LOTS OF POTENTIAL TO IMPROVE
- PARKING NEARBY
Superbly positioned A3 premises next to Isleworth Station. Long established business trading as an Italian restaurant has come to market due to the current business owner wanting to retire. There is scope to expand the businesses opening hours and modernise internally, current owner trades from 6pm-11pm, six days a week. Offering 38 covers, a well equipped kitchen, cold store, his and hers WC's and rear access. The lease also comes with a one bedroom flat on the first floor that is currently achieves a rent of £12k p.a.
The property is available by a way of re-assignment of a Full Repairing and Insuring Lease. There are 7 years remaining on the current lease, at a rental of £18,975 per annum. Rent reviews are held every 5 years with next one being due in September 2017. The current tenant is asking for £65,000 premium for goodwill, fittings and fixtures and the business. We have been advised that a new release can be granted.
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