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Restaurant to rent

Unit 35, East Shopping Centre, 232-236 Green Street, London, E7 8LE

1,047 sq. ft. | £55,000 pa| £4,583 pcm

Property Description

Commercial information

  • 1,047 sq ft (97 sq m)
  • Use class orders: A3 Restaurants and Cafes

Full description

LOCATION:
The property is situated in the prominent East Shopping Centre midway along Green Street between Romford Road and Barking Road. The immediate area is a diverse mixture of residential and commercial properties along Green Street and the surrounding streets. The shop is located among a variety of food outlets within the shopping centre as well as a large number of Asian clothing stores.

The subject property has the benefit of Upton Park Station (District/ Hammersmith & City lines) 0.3 miles away or a 7 minute walk. The restaurant lies towards the rear of the shopping centre on the first floor.

DESCRIPTION:
The subject property is a recently opened restaurant unit in excellent condition and ready for immediate occupation. The premises is fitted with air conditioning, 3 phase electricity, modern fixtures, double glazing, hanging light fittings and stone flooring throughout. There is a communal WC facility within the separate food court area for customer use only. The restaurant has a capacity for approximately 60 covers in the following accommodation:

ACCOMMODATION:
Restaurant - 1,047 sq ft / 97.28 m2

LEASE:
Assignment of existing lease

RENT:
55,000 per annum exclusive

PREMIUM:
125,000. Existing fixtures and fittings can be provided to the new tenant on agreement of a suitable premium.

SERVICE CHARGE:
8,000 per annum

RATES:
Rateable Value: 44,250 - Rates Payable 2015/2016: 21,815
We recommend any ingoing tenant makes their own enquiries with the local authority.

EPC:
Energy Performance Certificate rating: B-49

LEGAL COSTS:
Each party to bear their own legal costs incurred in this transaction. The prospective tenant is to give an undertaking through their solicitors prior to the commencement of legal formalities for any abortive legal costs should they withdraw from the transaction.


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