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Restaurant for sale

Chigwell Road, London

Sold STC £80,000

Property Description

Key features

  • Established Restaurant
  • Prime Location
  • Modern Decor
  • Live Music License
  • Long Lease
  • A3 License
  • 1250sqft

Full description

OneClickCommercial are delighted to offer a highly reputable and well established (since 1996) restaurant, nestled within a prime residential area of East London / Essex border with no surrounding competition within a mile radius. This 60 seater Indian restaurant gives you the opportunity to either aggressively push and take over the existing business or pursue a new concept within the area.
In addition to this, the premises currently holds an Alcohol Licence as well as a live music licence making this a great venue to hold functions.

SIZE: 1250 Sq Ft / 111 SqM (Approx)
RENT: £24,000 PER ANNUM )
BUSINESS RATES: £4000 (approx.)
LEASE: 21 years remaining inside the landlord and tenant act 1954 – new lease was granted Sept 2016
PREMIUM: OFFERS IN EXCESS OF £80,000

3 MONTHS ADVANCE RENT AND 3 MONTHS DEPOSIT REQUIRE UPFRONT
INCOMING TENANT TO COVER ALL LEGAL EXPENSES


More information from this agent

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